Belarus is among the top three European countries with the lowest purchasing power

by time news

2023-11-04 20:30:19

Belarus turned out to be one of the poorest countries in Europe in terms of purchasing power of the population, together with Ukraine and Kosovo in the ranking of 42 European countries. Myfin publication published the results of the latest survey of the sociological company GFK. by.

The GfK company presented the results of the study “Purchasing power in Europe, 2023”. In the study, experts analyzed this indicator in 42 European countries.

It turned out that 16 of the 42 surveyed countries are at a level higher than the European average. This contrasts with 26 countries whose purchasing power per capita is below average. The first place in the ranking was taken by Liechtenstein. Citizens of this country have a purchasing power of 68,843 euros per capita. Liechtenstein is followed by Switzerland with 49,592 euros and Luxembourg with 40,931 euros.

The ten European countries with the highest level of purchasing power of the population also include Iceland, Denmark, Ireland, Austria, Norway, Germany and the United Kingdom.

The lowest purchasing power is in Belarus, Kosovo and Ukraine.

In 2023, the average purchasing power per capita in Europe will be 17,688 euros.

In total, Europeans can spend around 12.1 billion euros in 2023 on food, housing, services, energy, insurance, leisure and consumer purchases.

This corresponds to an average purchasing power per capita of 17,688 euros per year. This is an increase of 5.8 percent compared to the values ​​of last year.

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