To main content

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.

Actual Individual Consumption in purchasing power standards (PPS), 2019 (EU28=100)

Graph: Actual Individual Consumption in purchasing power standards (PPS), 2019 (EU28=100)

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.

Actual Individual Consumption (AIC) and Gross Domestic Product (GDP), volume indices per capita in PPS, 2017, 2018, and 2019 EU28=100
 AIC volume index per capita, EU28=100  GDP volume index per capita, EU28=100
 201720182019201720182019
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 

The Eurostat website and database

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.

Statistical agency and producer

Statistics Sweden, Price Statistics

Address
Solna strandväg 86
171 54 Solna
E-mail
priser@scb.se

Enquiries

Jahnavi Wallin

Telephone
+46 10 479 42 18
E-mail
jahnavi.wallin@scb.se

Martina Sundström

Telephone
+46 10 479 42 51
E-mail
martina.sundstrom@scb.se