Austria remains second richest EU country

Austria remains second richest EU country
Euro coin and map of Austria. Photo: APA/Fohringer
Austria remains, according to recent statistics from Eurostat, the second richest country in the European Union. Austria’s gross domestic product (GDP) per capita was around one third higher than the EU average in 2013.

The richest country in the EU is Luxembourg. The economic output per capita in Luxembourg is more than two and a half times as large as the average for the 28 EU countries. One of the reasons for this is that many people commute to work in the tiny country.

In Austria, the GDP per capita was 129 percent of the EU average. Behind Austria is Sweden and the Netherlands (both 127 percent), Ireland (126 percent), Denmark (125 percent) and Germany (124 per cent). The EU's poorest country is Bulgaria, whose economic output per capita is only 47 percent.

Eurostat also looked at the actual individual consumption (TIV) per capita – which puts Austria in third place behind Luxembourg and Germany. The individual consumption takes into account the goods and services consumed by each household.

Luxembourg’s TIV in 2013 was 138 percent, Germany’s was 125 percent and Austria’s 119 percent. Bulgaria remained the poorest EU country with 49 percent.


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