Slovenia's GDP Per Capita 83% of EU Average in 2013

Business, / By STA

Slovenia's development gap to the EU average keeps growing, fresh EU statistics show. The country's GDP per capita in terms of purchasing power fell by one percentage point to 83% of EU average in 2013, while its level of actual individual consumption per capita was down 2 points to 77% of the average, Eurostat figures show.



(Photo: file photo) The EU average per capita expressed in purchasing power standards is an indicator which translates data from different countries to comparable real values. Slovenia's GDP capita in PPS had been nearing the EU average until the crisis kicked in, peaking at 91% of the average in 2008, but has been declining since. Last year it stood at 83%, down one point from 2012. Among the 28 EU member states, the average was exceeded by 11 countries, the most so by Luxembourg (264% of the average), followed by Austria (124%). On the other hand, Bulgaria only attained 47% of the average. The average for the eurozone countries was 108% of the EU28 average. Slovenia ranked closest to Malta, the Czech Republic, Slovakia, Greece, Portugal and Lithuania, whose levels were between 13% and 26% below the EU average. Meanwhile, Slovenia only reached 77% of the EU28 average by actual individual consumption per capita, an alternative welfare indicator to reflect the situation of households. The latter indicator is the most important element of GDP and comprises goods and services actually consumed by individuals and bought and paid for by households, the state or non-profit organisations servicing households. Actual consumption per capita in Slovenia fell from 82% of the average in 2008 to 77% in 2013, down two points from 2012. The indicator put Slovenia 29 percentage points behind eurozone average.



Tags: Slovenia, GDP per Capita, EU