Consumption in Bulgaria, Romania Was 50% of EU Average in 2013
Bulgaria registered in 2013 levels of consumption equaling 50% of the EU's average values, Eurostat data has shown.
Actual individual consumption (AIC) was the lowest in Bulgaria, which is closely followed by Romania, while Luxembourg topped the ranking with 38% above the medium rate, data from the EU's statistical body cited by the Daily Luxemburger Wort reveals.
Other countries ranking high include Germany (+20%), Austria, Sweden, Denmark, Belgium, Finland, France and the UK (+10-20 percent).
Crisis-affected Ireland, Italy, Cyprus and Spain were just 10% below the average, while Lithuania, Slovenia, Portugal, Poland, Slovakia and the Czech Republic were about 20% down.
Latvia, Estonia, Hungary and Croatia are at somewhere between -30 to -40 percent.
The AIC, measured per capita, reflects the level of household welfare.
Latest Eurostat numbers however suggest a growing gap between EU member states, with those having implemented austerity measures further reducing consumption rates.
- » Bulgaria’s Gross Foreign Debt Dips 1.3% Y/Y in May 2016
- » Bulgaria’s Business Climate Worsens in July – NSI Survey
- » Bulgaria Appoints New Deputy Finance Minister
- » Trips of Bulgarians Abroad Rise 21% Y/Y in June
- » Air France Strike to Disrupt Sofia Flights
- » Bulgarian Energy Group BEH Places EUR 550 M Eurobond Issue - Minister