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.

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

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 capita			GDP per capita
	2011	2012	2013	2011	2012	2013
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.

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2015-12-15 at 09:30.

Statistical Database

More information is available in the Statistical Database

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.