The European Union ranks among the world’s most powerful economic areas, and the EU country ranking by GDP per capita is an important indicator. It highlights differences in prosperity, living standards, and economic balance across member states.
GDP per capita (PPP) stands for Gross Domestic Product per capita, adjusted for Purchasing Power Parity. It equalizes the cost of a comparable basket of goods across countries, offsetting differences in price levels. This makes it a more accurate measure for comparing the real standard of living and purchasing power of populations. However, it does not capture the distribution of wealth within each country or the level of individual assets, which vary significantly across the EU
The richest economy in Europe sets the benchmark for prosperity and global competitiveness, with a high GDP per capita (PPP) as a key indicator. The following list shows the top five countries with the highest output per capita. Interestingly, this ranking does not align with the list of the EU’s largest overall economies.
🇱🇺 Luxembourg: €126,911
🇮🇪 Ireland: €99,060
The Top 5 economies in Europe include not only leading EU member states but also major non-EU countries, reflecting the continent’s broader economic landscape.
🇱🇺 Luxembourg: €126,911
🇮🇪 Ireland: €99,060
🇨🇭 Switzerland: €96,020
🇳🇴 Norway: €80,220
🇮🇸 Island: €79,980
EU countries in the middle range represent member states whose GDP per capita (PPP) falls between the highest and lowest performers.
🇫🇮 Finnland: €49,170
🇪🇺💶 Euro aera average: €43,040
🇫🇷 France: €42,630
In 2024, the gross domestic product (GDP) per capita expressed in purchasing power standards (PPS) ranged between 66% of the EU average in Bulgaria and 241% in Luxembourg. This information comes from the preliminary estimates of purchasing power parities (PPPs) and GDP for 2024 published by Eurostat. (2)
Sources:
(1) https://de.statista.com/statistik/daten/studie/188766/umfrage/bruttoinlandsprodukt-bip-pro-kopf-in-den-eu-laendern
(2) https://ec.europa.eu/eurostat/databrowser/view/PRC_PPP_IND__custom_5506145/bookmark/table?lang=en&bookmarkId=0652db29-8c5d-4124-a9ad-974a7c123d64&c=1679569656100
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