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Purchasing Power Parities 2016-2018

Swedish households’ Actual Individual Consumption 8 percent above EU average

Statistical news from Statistics Sweden 2019-12-19 9.30

Swedish households’ Actual Individual Consumption (AIC) per capita was 8 percent above the average for the 28 EU countries in 2018. Sweden ranks twelfth in Europe.

Actual Individual Consumption (AIC) refers to all goods and services that are actually consumed by individual households, irrespective of whether these goods and services are purchased and provided by households, by the State or by non-profit organisations. In international comparisons, AIC is often preferred as an indicator of households’ material welfare.

AIC per capita varied among the 28 EU Member States, Norway, Iceland, and Switzerland, from 34 percent above the EU 28 average to 44 percent below the EU 28 average. Luxemburg tops the list with 34 percent above, followed by Norway, which recorded 26 percent above, and Switzerland which recorded 24 percent above the EU average. However, it should be noted that Norway, Switzerland and Iceland are not included in the EU 28 average.

Actual Individual Consumption in purchasing power standards (PPS), 2018 (EU28=100)

Purchasing power parities 2016-2018

Source: Eurostat and SCB

GDP per capita is mainly an indicator of economic activity in a particular country.

In 2018, Sweden’s GDP per capita was 20 percent above the EU 28 average. Luxembourg had by far the highest GDP per capita, at 161 percent above the EU average. This high figure is due, in part, to the large share of foreign workers in the country, who contribute to GDP, but are not included in the population statistics. The lowest figure recorded in this comparison was 49 percent below the EU average, in Bulgaria.

Actual Individual Consumption (AIC) and Volume indices of Gross Domestic Product (GDP) per capita in PPS 2016, 2017 and 2018 EU28=100
 AIC volume index per capita, EU28=100  GDP volume index per capita, EU28=100
 201620172018201620172018
Luxembourg 135 133 134 269 261 261
Norway 127 126 126 144 146 151
Switzerland 127 124 124 160 155 155
Germany 121 121 120 123 123 122
Iceland 114 116 118 129 129 130
Austria 119 118 117 128 127 127
Denmark 113 114 114 127 127 128
Belgium 114 113 113 119 118 117
Netherlands 111 112 113 127 128 129
United Kingdom 115 114 113 108 106 105
Finland 112 111 112 110 110 111
Sweden 112 111 108 123 122 120
France 110 108 107 105 103 104
EU-28 100 100 100 100 100 100
Italy 98 98 98 97 97 96
Ireland 95 94 95 176 181 189
Cyprus 92 93 94 87 88 89
Spain 90 91 90 91 92 91
Lithuania 85 87 89 75 78 80
Portugal 82 81 83 77 77 77
Czech Republic 79 81 82 87 89 91
Malta 78 78 80 95 97 98
Slovenia 77 78 79 83 85 87
Greece 77 76 77 68 67 68
Poland 74 75 76 68 69 70
Estonia 72 72 74 76 78 82
Slovakia 68 69 73 72 72 73
Romania 65 69 71 59 63 65
Latvia 66 67 69 64 66 69
Croatia 61 62 64 60 61 63
Hungary 62 63 64 68 68 71
Bulgaria 54 54 56 49 50 51

Source: Eurostat and SCB Source: Eurostat and SCB. Note: Norway, Iceland and Switzerland are not EU-members and are therefore not included in the EU28 average. Sorted firstly by AIC in 2018 and secondly in alphabetical order.

Definitions and explanations

Purchasing power parities (PPP) are currency conversion rates that are applied in order to convert economic indicators from national currency to artificial common currency, called Purchasing Power Standard (PPS), which equalises the purchasing power of different national currencies and enables meaningful volume comparison between countries.

PPP is the ratio between the amount in the countries’ domestic currency that is needed to purchase the same basket of goods and services.

GDP is first calculated in the domestic currency and later converted with an artificial currency, Purchasing Power Standard (PPS). GDP per capita adjusted with purchasing power reflects the difference in volume in real terms between countries.

Eurostat’s publishing of Purchasing Power Parities

Consumption per capita in purchasing power standards in 2018 

The Eurostat website and database

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Statistical Database

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