Ukraine shows worst purchasing power in Europe – research

23:30, 22 October 2019
Economy
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Photo from UNIAN

Europeans have an average of EUR 14,739 per person available for spending and saving in 2019. But disposable net income among the 42 studied countries varies significantly: Liechtenstein, Switzerland and Luxembourg have the highest average purchasing power, while Moldova, Kosovo and Ukraine have the lowest.

These are some of the results of the newly released study "GfK Purchasing Power Europe 2019".

Europeans have just under EUR10 trillion at their disposal in 2019. Per capita purchasing power grew by approximately 3.5% in 2019, which is significantly higher than last year’s value. This corresponds to an average per capita purchasing power of EUR14,739. The rankings show substantial differences between the studied countries with respect to the amount available to Europeans for food, living, services, energy, private pensions, insurance, vacation, mobility and consumer purchases. 

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Liechtenstein takes first place again with a per capita purchasing power of EUR 67,550. This far exceeds the values of the other countries and is more than 4.5 times the European average. With EUR 42,067 per person, Switzerland comes in at second place, as was the case last year. All other countries in the top-ten rankings also have significantly above-average per capita purchasing power. Luxembourg makes it into the top three this year with a per capita purchasing power of EUR 35,096, ousting Iceland from third to fourth place. Sweden switches places with Finland, falling from ninth to tenth place. 

Sixteen of the countries considered by the study have above-average per capita purchasing power, while twenty-six fall below the European average. Ukraine takes last place with a per capita purchasing power of EUR 1,830.

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