Purchasing power parities and gross domestic product per capita in purchasing power standards, European countries, 2017 – nowcast

Eurostat published the nowcast on actual individual consumption (AIC) per capita and gross domestic product (GDP) per capita for 2017 for 37 European countries. Data are expressed in purchasing power standards (PPS).
AIC per capita in PPS in Slovenia in 2017 23% lower than the EU-28 average
Better than GDP per capita, material well-being of households is reflected by AIC, which is made up of goods and services actually consumed by individuals.
Among 37 European countries the highest AIC per capita in PPS for 2017 was recorded in Norway (32% above the EU-28 average), followed by Luxembourg (30% above), Switzerland (26% above), Germany (22% above) and Austria (18% above). The lowest AIC per capita was recorded in Albania (63% below the EU-28 average), followed by Macedonia (59% below) and Bosnia and Herzegovina (58% below).
In 2017 AIC per capita in PPS in Slovenia was at 77% of the EU-28 average, i.e. 1 percentage point higher than in 2016. Countries close to Slovenia in terms of AIC per capita in PPS were Greece (also 77% of the EU-28 average), Poland and Slovakia (both 76% of the EU-28 average).

Slovenian GDP per capita in PPS in 2017 amounted to 85% of the EU-28 average. The last time the indicator was this high was back in 2009
The indicator GDP per capita in PPS is a measure of a country’s economic development. The position of countries regarding GDP per capita in PPS and AIC per capita in PPS are similar; however, the differences between countries are much bigger in the case of GDP per capita in PPS.
Regarding this indicator, first position among 37 European countries in 2017 belonged to Luxembourg (153% above the EU-28 average), followed by Ireland (84% above), Switzerland (58% above), Norway (50% above) and Iceland (30% above).
The countries with the lowest GDP per capita in PPS were Albania (71% below the EU-28 average) and Bosnia and Herzegovina (68% below).
Slovenian GDP per capita in PPS in 2017 was at 85% of the EU-28 average, i.e. 2 percentage points higher than in 2016. The last time the indicator was this high was back in 2009.
Close to Slovenia in terms of GDP per capita in PPS were the Czech Republic and Cyprus, whose values were 11%–16% below the EU-28 average.