Wednesday, June 25, 2008

GDP per inhabitant varied by one to seven across EU27

Based on first preliminary estimates for 2007, Gross Domestic Product (GDP) per inhabitant expressed in Purchasing Power Standards (PPS) varied from 38% to 276% of the average across the EU27 Member States. The figures are based on the latest GDP data for 2007 and the most recent PPPs (purchasing power parity) available. The Purchasing Power Standard (PPS) is an artificial reference currency unit that eliminates price level differences between countries. Thus one PPS buys the same volume of goods and services in all countries. Although there is a level of uncertainty associated with the compiling for PPPs data the large difference in PPS between member states must be of great concern for policy makers in Brussels.

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source: First estimates for 2007
GDP per inhabitant varied by one to seven across the EU27 Member States

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