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Purchasing Power Parities (PPPs), 2011–2013:

Swedish households’ consumption 15 percent above EU average

Statistical news from Statistics Sweden 2014-12-15 9.30

Swedish households’ Actual Individual Consumption per capita is 15 percent above average for the 28 EU countries in 2013. Sweden ranks seventh in Europe, sharing the place with Denmark, Finland and the United Kingdom.

Actual Individual Consumption (AIC) per capita is an indicator describing households’ material welfare in a country. The dispersion in AIC per capita between the 28 EU countries and Norway, Iceland and Switzerland, ranges from 36 percent above the EU28 average to 51 percent below average. Luxembourg tops the list with 36 percent above average, followed by Norway and Switzerland.

Actual Individual Consumption per capita, 2013 (EU28=100)

Chart

Source: Eurostat and Statistics Sweden Note: Norway, Iceland and Switzerland are not EU-members and are therefore not included in the EU28 average. Sorted firstly by AIC in 2013 and secondly in alphabetical order in case of same values.

Actual Individual Consumption (AIC) and Volume indices of Gross Domestic Product (GDP) per capita in PPS 2011, 2012 and 2013, EU28=100
 AIC per capitaGDP per capita
 201120122013201120122013
Luxembourg
138 139 136 265 264 257
Norway
132 134 135 182 190 186
Switzerland
126 129 130 159 162 163
Germany
121 122 122 122 123 122
Austria
120 120 120 128 129 128
Iceland
113 115 116 115 116 119
Denmark
114 115 115 126 125 124
Finland
113 115 115 117 115 113
Sweden
114 115 115 106 107 109
United Kingdom
114 114 115 127 126 127
Netherlands
118 116 113 135 132 131
Belgium
111 112 111 120 120 119
France
111 110 110 108 107 107
Italy
106 102 100 103 101 99
EU28
100 100 100 100 100 100
Ireland
97 94 94 130 130 130
Cyprus
98 98 93 96 93 89
Spain
91 90 90 95 94 94
Portugal
83 80 84 78 76 79
Greece
89 84 83 77 74 73
Malta
80 80 79 84 84 86
Lithuania
70 73 78 65 69 73
Slovenia
79 78 76 83 82 82
Poland
70 73 75 64 66 67
Czech Republic
72 73 74 73 74 75
Slovakia
73 73 74 83 82 82
Estonia
59 63 65 68 71 73
Latvia
57 60 65 57 60 64
Hungary
62 62 62 65 65 66
Croatia
59 60 61 60 61 61
Romania
53 55 57 51 53 55
Bulgaria
47 50 49 44 45 45

GDP per capita is an indicator mainly of the economic activity in a particular country. Sweden’s GDP per capita is 27 percent above EU average in 2013. Luxembourg has by far the highest GDP per capita, at 157 percent above EU average. The relatively high figure is partly explained by the fact that a large number of foreign residents are employed in the country and are thus contributing to its GDP, while they are not included in the resident population. Bulgaria and Romania have a GDP per capita around 50 percent below EU average.

Definitions and explanations

Purchasing Power Parities (PPPs) aim to measure the price differences between countries on comparable goods and services. The survey should represent the entire country’s Gross Domestic Product (GDP) and is mainly used for comparisons of GDP volumes across countries.

GDP is first calculated in national currency, and then converted with an artificial currency called Purchasing Power Standards (PPS), instead of using the nominal market exchange rates. PPS, which is based on PPPs, take into consideration different price levels between countries, and allows meaningful volume comparisons of economic indicators across countries.

Next publishing will be

2015-12-15 at 09:30.

Statistical Database

More information is available in the Statistical Database

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Statistics Sweden, Price Statistics

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