Shows the the price levels for household final consumption expenditure based on purchasing power parities (PPPs). Expressed as an index where the EU-27 average is set at 100. If the index for a country is higher/ lower than 100, the country concerned is relatively expensive/cheap as compared with the EU average. Please note that the data displayed in this tool refers to the European Union 27 (EU27) as of 2020, meaning the 27 EU countries, without the United Kingdom (UK).
The volume index of GDP per capita in Purchasing Power Standards (PPS) is expressed in relation to the European Union average set to equal 100. An index value above 100 indicates that a country's GDP per capita is higher than the EU average, while a value below 100 signifies that it is lower. This index is often used to compare the economic well-being of populations. However, GDP includes certain components and transactions that are arguably less relevant to measuring a household's current material well-being. PPS is the technical term used by Eurostat to denote a common currency that eliminates the differences in price levels between countries allowing meaningful comparisons. PPS values are derived by dividing a country's economic aggregates in national currency by the respective PPPs. Data are primarily intended for cross-country comparisons rather than for comparisons over time.
GDP per capita is calculated as the ratio of GDP to the average population in a specific year. It is expressed in purchasing power standards (PPS) which represent a common currency that eliminates the differences in price levels between countries to allow meaningful comparisons of GDP. The values are also offered as an index calculated in relation to the European Union average set to equal 100. Disparity in GDP per capita is calculated as the coefficient of variation of the national index values.