Slovenian Consumption, GDP Per Capita Still Under EU Average

By , 22 Jun 2020, 10:53 AM Business
Slovenian Consumption, GDP Per Capita Still Under EU Average Bank of Slovenia

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STA, 21 June 2020 - Slovenia still lags behind the EU-27 average in actual individual consumption per capita and in GDP per capita, which reached 81% and 88% of the 2019 average, respectively, the EU's early figures, released by Slovenia's Statistics Office (SURS), show.

SURS released Eurostat's preliminary figures for 37 European countries, showing that actual individual consumption per capita - an indicator of material prosperity of households - ranged from 59% to 135% of the EU average.

Slovenia's actual individual consumption in 2019 was two percentage points above the country's 2018 figure.

Closest to Slovenia in actual individual consumption was Malta (80% of the EU average), and Poland and Romania (both 79%).

GDP per capita slovenia 2020.png

The differences among the 37 European countries were even bigger in GDP per capita, an indicator of economic activity, which ranged from 53% to 261% of the EU average.

GDP per capita in Slovenia has been rising, up one point in 2019 over 2018, in what was the fourth consecutive annual rise. Closes on the list to Slovenia last year were Cyprus with 89% and Spain 91%.

Luxembourg fared best in both indicators, which are expressed in purchasing power standards, and Albania worst.

Actual individual consumption and Gross domestic product per capita in purchasing power standards, volume indices, European countries (EU-27=100), 2019

Country Actual individual consumption
per capita
Gross domestic product
per capita
European union (EU-27) 100 100
Euro area (EA-19) 106 106
EU-27    
Luxembourg 135 261
Germany 123 121
Austria 118 127
Denmark 116 129
Belgium 115 117
Netherlands 114 128
Finland 113 111
Sweden 112 120
France 109 106
Italy 99 95
Ireland 97 191
Cyprus 95 89
Spain 91 91
Lithuania 90 82
Portugal 86 79
Czechia 85 92
Slovenia 81 88
Malta 80 99
Poland 79 73
Romania 79 69
Greece 77 68
Estonia 75 84
Slovakia 73 74
Latvia 71 69
Hungary 67 73
Croatia 66 65
Bulgaria 59 53
     
United Kingdom 115 105
     
EFTA Member states    
Norway 128 144
Switzerland 124 153
Iceland 119 130
Candidate countries for EU    
Turkey 68 61
Montenegro 60 50
Serbia 49 41
North Macedonia 43 38
Albania 40 31
Potential candidate country for EU    
Bosnia and Herzegovina 42 32
Source: Eurostat (http://ec.europa.eu/eurostat, 18. 6. 2020)

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