17.12.2021

THE ROMANIANS ARE BEATING US AND THE GREEKS ON THE STANDARD OF LIVING

The lowest standard of living in the EU in 2020 was reported in Bulgaria (39% below the EU-27 average in 2020), followed by Croatia, where in 2020 it was one third (32%) more low than the European Union average.

Unlike us, Romania has climbed 7 positions and its population has a higher standard than in Estonia and Greece.

This is shown by Eurostat data on actual individual consumption, published on Thursday. The indicator measures the actual consumption of goods and services in a country, whether paid for by households, the state or non-profit organizations.

Bulgaria also has the lowest GDP per capita - 45% below the EU-27 average.

In 2020, the highest standard, expressed in real individual consumption per capita, was registered in Luxembourg, 45% higher than the European Union average, according to the latest Eurostat estimate.

It is followed by Germany and Denmark, where it is 24 and 22% higher than the average, respectively, and close to the Netherlands and Austria, where it is 17 and 16% above the European average.

The closest to the average in terms of actual individual consumption per capita in 2020 were Cyprus, Italy and Lithuania, where the standard was about four percent lower than the EU average. It was 10 percent lower in Ireland and slightly above the French average.