Huge discrepancies in consumption and Gross Domestic Product per capita were recorded in 2015 in the 28 European Union member states with Croatia being on par to Romania at the lower end of the EU scale, Eurostat reported on Wednesday.
Croatia's Actual Individual Consumption (AIC), as a measure of material welfare of households in the country in 2015 was 42% below the EU average, Eurostat figures indicate. In 2014, AIC in Croatia was 40% below the EU average.
Croatia and Romania had the same AIC in 2015 and only Bulgaria's AIC was lower, 49% below the EU average.
The highest level in the EU was recorded in Luxembourg, 37% above the EU average. Germany was nearly 25% above, followed by Austria, the United Kingdom, Denmark, Finland, Belgium, France, the Netherlands and Sweden which all recorded levels between 10% and 20% above the EU average.
Once again Italy was close to the EU average, followed by Ireland and Cyprus at 10% or less below the EU average.
Spain, Portugal, Lithuania, Greece and Malta were between 10% and 20% below. Slovakia, the Czech Republic, Poland and Slovenia were between 20% and 30% below the average.
Estonia, Latvia and Hungary were between 30% and 40% below.
Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. In 2015, GDP per capita ranged between 46% of the EU average in Bulgaria to 271% in Luxembourg.
Once again Croatia was very close to Romania with GDP per capita at 42% below the EU average. In 2014 GDP per capita in Croatia was 41% below the EU average.
Friday, July 8, 2016 - 08:25