21533_not-searchable
/en/priser-og-prisindekser/statistikker/ppp/arkiv
21533
Improvement for new EU-countries
statistikk
2008-12-12T10:00:00.000Z
Prices and price indices
en
ppp, Comparison of price levels in Europe, gross domestic growth, volume index, personal consumption, price level adjusted GDP, price level index, EU countries, EEA countries, international comparisonsConsumer prices , Prices and price indices
false

Comparison of price levels in Europe, 2006-2007, preliminary figures

Variants of the statistics:

  • Annually, preliminary figures (selected)
  • Annually

Content

Published:

This is an archived release.

Go to latest release

Improvement for new EU-countries

There are still remarkable dispersions, both in price- and GDP-level, between the European countries. At the same time there has been a tendency towards a positive development for several "new" EU member states, according to figures recently released by Eurostat.

GDP and Actual individual consumption per capita 2007. Price level adjusted. EU27=100

The price level in the majority of the European countries has remained relatively stable in the period 2005-2007. Exceptions are the "new" EU-countries Estonia, Latvia, Lithuania, Slovakia and Romania, all showing a clear tendency towards an increased price level. These countries were also among the ones with the highest relative growth in price level adjusted GDP per capita 2005-2007. In 2007, Norway had the second highest GDP per capita in Europe and also the second highest price level.

Iceland, Norway and Denmark with Europe's highest price levels

Iceland, Norway and Denmark had Europe's highest price levels in 2007, 53, 46 and 43 per cent above the average of the 27 EU countries (EU27). Switzerland, Ireland, Luxembourg, Sweden and Finland were following, all with price levels 20-30 per cent above the EU average. There were still remarkable price level dispersions among the EU countries. For instance, the price level in Denmark was 3.5 times as high as in Bulgaria in 2007.

Large GDP dispersions in Europe, improvement for new EU countries

Luxembourg had Europe's highest price level adjusted GDP per capita in 2007, 167 per cent above the average for EU27. Norway is following Luxembourg, 79 per cent above the average. Ireland, Switzerland and the Netherlands also had high results, with price level adjusted GDP respectively 50, 37 and 31 per cent above EU27.

The income dispersion among the "old" and "new" EU member states still remains remarkably high.

Nevertheless, if we compare the 2005 results to those of 2007, the majority of the "new" EU countries have had a positive relative growth in price level adjusted GDP per capita. Especially Slovakia, Romania, Lithuania, Latvia and Estonia were standing out.

The 37 countries participating in the survey are the 27 EU countries (EU27), the three candidate countries (Croatia, the Former Yugoslav Republic of Macedonia and Turkey), the three EFTA member states (Norway, Iceland and Switzerland) and four Western Balkan Countries (Albania, Bosnia-Herzegovina, Montenegro and Serbia).

Read more in Eurostat's " Statistics in Focus "

Tables: