Purchasing Power Parities 2017-2019
Swedish households’ Actual Individual Consumption 7 percent above EU average
Statistical news from Statistics Sweden 2020-12-22 9.30
Swedish households’ Actual Individual Consumption (AIC) per capita was 7 percent above the average for the 28 EU countries in 2019.
AIC per capita varied in 2019 among the 28 EU Member States, Norway, Iceland, and Switzerland, from 32 percent above the EU average to 43 percent below the EU average. Luxembourg tops the list at 32 percent above, followed by Norway, 29 percent above, and Switzerland at 22 percent above the EU average. However, it should be noted that Norway, Switzerland and Iceland are not included in the EU average.
Source: Eurostat and SCB
GDP per capita is mainly an indicator of economic activity in a particular country.
In 2019, Sweden’s GDP per capita in PPS was 18 percent above the EU average. Luxembourg had by far the highest GDP per capita, at 159 percent above the EU average. This high figure is due, in part, to the large proportion of foreign workers in the country, who contribute to GDP, but are not included in the population statistics. The lowest figure recorded in this comparison was 47 percent below the EU average, in Bulgaria.
AIC volume index per capita, EU28=100 | GDP volume index per capita, EU28=100 | ||||||
---|---|---|---|---|---|---|---|
2017 | 2018 | 2019 | 2017 | 2018 | 2019 | ||
Luxembourg | 133 | 133 | 132 | 261 | 259 | 259 | |
Norway | 130 | 130 | 129 | 149 | 154 | 146 | |
Switzerland | 125 | 123 | 122 | 161 | 160 | 157 | |
Germany | 121 | 121 | 120 | 123 | 122 | 120 | |
Austria | 118 | 117 | 116 | 126 | 127 | 126 | |
Denmark | 114 | 114 | 114 | 129 | 128 | 129 | |
Iceland | 115 | 115 | 114 | 128 | 127 | 126 | |
Netherlands | 112 | 113 | 112 | 128 | 129 | 127 | |
Belgium | 112 | 113 | 112 | 117 | 117 | 117 | |
Finland | 112 | 112 | 111 | 110 | 111 | 111 | |
United Kingdom | 114 | 113 | 111 | 106 | 105 | 104 | |
Sweden | 111 | 109 | 107 | 121 | 119 | 118 | |
France | 108 | 107 | 107 | 103 | 103 | 105 | |
EU-28 | 100 | 100 | 100 | 100 | 100 | 100 | |
Italy | 98 | 98 | 98 | 97 | 96 | 95 | |
Ireland | 93 | 93 | 94 | 183 | 189 | 192 | |
Cyprus | 93 | 94 | 94 | 88 | 90 | 89 | |
Lithuania | 88 | 89 | 90 | 78 | 81 | 83 | |
Spain | 91 | 90 | 89 | 92 | 91 | 90 | |
Portugal | 82 | 84 | 85 | 77 | 78 | 79 | |
Malta | 81 | 83 | 84 | 99 | 98 | 99 | |
Czechia | 82 | 83 | 84 | 90 | 92 | 92 | |
Slovenia | 78 | 79 | 81 | 85 | 87 | 88 | |
Poland | 75 | 77 | 78 | 69 | 70 | 72 | |
Romania | 69 | 72 | 78 | 63 | 65 | 69 | |
Greece | 76 | 76 | 76 | 67 | 66 | 66 | |
Estonia | 73 | 74 | 74 | 79 | 81 | 83 | |
Latvia | 68 | 69 | 70 | 67 | 69 | 69 | |
Slovakia | 67 | 67 | 68 | 70 | 70 | 70 | |
Hungary | 63 | 64 | 66 | 68 | 71 | 73 | |
Croatia | 63 | 64 | 64 | 62 | 64 | 65 | |
Bulgaria | 54 | 56 | 57 | 50 | 51 | 53 |
Source: Eurostat and SCB Note: Norway, Iceland, and Switzerland are not EU Member States and are therefore not included in the EU average. The countries are sorted by descending AIC in 2019.
Definitions and explanations
Purchasing power parities (PPP) are currency conversion rates that are applied in order to convert economic indicators from national currency to artificial common currency, called Purchasing Power Standard (PPS), which equalises the purchasing power of different national currencies and enables meaningful volume comparison between countries.
PPP is the ratio between the amount in the countries’ domestic currency that is needed to purchase the same basket of goods and services.
GDP is first calculated in the domestic currency and later converted with an artificial currency, Purchasing Power Standard (PPS). GDP per capita adjusted with purchasing power reflects the difference in volume in real terms between countries
Actual Individual Consumption (AIC) refers to all goods and services that are actually consumed by individual households. In international comparisons, AIC is often preferred as an indicator of households’ material welfare.
Eurostat’s publishing of Purchasing Power Parities
Consumption per capita in purchasing power standards in 2019
Next publishing will be
22 December 2021 at 09:30.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.