Greeks continue to lag behind their EU counterparts in terms of buying power ranking second to last among 27 member states in 2023, according a flash estimate released this week by Eurostat.
Based on the findings released annually, Greece ranks 26th in terms of income per capita in relation to Gross Domestic Product (GDP) among 27 member states at 33% below the EU average. At the same time, according to 2022 data, prices in Greece are currently at 88.2% of the EU average.
Bulgaria is last with the lowest buying power in the EU at 36% below the EU average.
Leading the way with the strongest purchasing power in the EU (i.e. highest levels of GDP per capita) last year was Luxembourg at 140% above the EU average, followed by Ireland 112%, and the Netherlands at 30%.
Greece’s GDP per capita places it below the EU average again, reflecting economic challenges amid persistent inflationary pressures and a rising cost of living.
Eurostat is set to update data in March 2025.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
PM Mitsotakis Nominates Tasoulas as Next President of Greece
PM Mitsotakis proposes Kostas Tasoulas, current Parliament President, as Greece’s next President.
RES: Large Companies Buying PPAs in Greece
Power Purchase Agreements (PPAs) are long-term contracts between renewable energy producers and large corporations seeking to secure electricity at stable prices in a sustainable manner.
School Closures, Ships Docked Amid Bad Weather in Greece
Severe weather in Greece causes school closures and sailing bans. Strong winds, snowfall, and icy conditions disrupt daily life and travel on Tuesday.
Greece to Proceed with Issuance of 10-Year Bond
Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.
Labor Shortage in Greece: Vacant Job Positions Costing the Economy Millions
Data show that specific sectors are facing particular challenges in filling job positions, with the primary sector struggling to find working hands.
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
![Ενέργεια: Απειλεί και πάλι ο διπλός κίνδυνος από ανατιμήσεις σε πετρέλαιο και φυσικό αέριο [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/01/ot_oil_world3-1024x600-1-90x90.png)
![Ενέργεια: Απειλεί και πάλι ο διπλός κίνδυνος από ανατιμήσεις σε πετρέλαιο και φυσικό αέριο [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/01/ot_oil_world3-1024x600-1-600x352.png)
