Wide disparities in household consumption and GDP per Capita across EU in 2024

In 2024, material living standards across the European Union showed significant differences, as indicated by newly released data on Actual Individual Consumption (AIC) per capita, expressed in purchasing power standards (PPS). AIC per capita ranged from 72% to 141% of the EU average among the 27 member states.

Nine EU countries recorded AIC levels above the EU average. Luxembourg led the group at 41% above average, followed by the Netherlands at 20% and Germany at 18%. In contrast, eighteen countries fell below the EU average, with Hungary registering the lowest level at 28% below average, and both Bulgaria and Estonia at 26% below.

The data, part of the European statistical system’s regular assessment of purchasing power parities, also highlighted even greater variation in GDP per capita among member states. Ten countries recorded GDP per capita levels above the EU average, with Luxembourg again leading at 242%, followed by Ireland at 211% and the Netherlands at 136%. The lowest GDP per capita levels were observed in Bulgaria (66% of the EU average), Greece (70%), and Latvia (71%).

While GDP per capita reflects overall economic output, AIC per capita provides a better indication of the material welfare experienced by individuals, as it accounts for both private consumption and public services provided to households. The figures underscore continuing disparities in living standards and economic development across the EU.

Source: EUROSTAT