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EuCham - European Chamber - 2014-10 Richest countries in Europe

     


     
     
     



2014-10 Richest countries in Europe

EuCham - European Chamber lists the richest countries in Europe measured on GDP per capita based on PPP (purchasing power parity). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates, where an international dollar has the same purchasing power over GDP as the USD has in the United States.

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EuCham Charts
October 2014

Richest countries in Europe

1

Luxembourg

90,790

2

Norway

65,461

3

Switzerland

53,672

4

Austria

44,149

5

Sweden

43,533

...

   

45

Moldova

4,669

Ranking based on GDP per capita in USD,
using PPP exchange rates, 2013.
45  European countries were considered

EuCham_Charts_Logo.jpg 

  • Bosnia & Herzegovina is ranked as the top country in Europe with the highest unemployment rate of 44%
  • Following Bosnia & Herzegovina in the rankings are Kosovo, Macedonia and Greece with the highest unemployment rates in Europe (excluding city states)

  • Belarus has the lowest unemployment rate of 0.5% in Europe (data to be considered carefully)

     

Source: eucham.eu/charts 

 

Detailed Information

EuCham - European Chamber lists the richest countries in Europe measured on GDP per capita based on PPP (purchasing power parity). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates, where an international dollar has the same purchasing power over GDP as the USD has in the United States.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy, plus product taxes, minus subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

According to the EuCham ranking the richest European country is Luxembourg with USD 90,790 per capita. The richest countries following are Norway, Switzerland, Austria and Sweden. At the bottom of the list, the poorest country in terms of GDP per capita is Moldova with only USD 4,669 per capita.

However, EuCham reminds that excessively focusing on economic indicators such as GDP or stock market indices takes the attention away from entire measurement of countries' and their people’s progress - their overall well being.

Besides, even EuCham itself argues that GDP is an imperfect measure of social progress because it does not take into account harm to the environment.

 

Table 1: Richest countries in Europe, PPP GDP per capita in USD, 2013 data

Rank

Country

PPP GDP
per capita

1

Luxembourg

90,790

2

Norway

65,461

3

Switzerland

53,672

4

Austria

44,149

5

Sweden

43,533

6

Netherlands

43,404

7

Germany

43,332

8

Ireland

43,304

9

Denmark

42,764

10

Belgium

40,338

11

Iceland

39,996

12

Finland

38,251

13

France

36,907

14

United Kingdom

36,197

15

Italy

34,303

16

Spain

32,103

17

Malta

30,213

18

Cyprus

29,450

19

Slovenia

28,298

20

Czech Republic

27,344

21

Slovakia

26,114

22

Portugal

25,900

23

Greece

25,651

24

Lithuania

25,417

25

Estonia

25,049

26

Russia

24,120

27

Poland

23,275

28

Latvia

23,028

29

Hungary

22,878

30

Croatia

20,904

31

Turkey

18,975

32

Romania

18,635

33

Belarus

17,615

34

Azerbaijan

17,139

35

Bulgaria

15,941

36

Montenegro

14,318

37

Macedonia

11,802

38

Serbia

12,374

39

Albania

10,489

40

Bosnia and Herzegovina

9,632

41

Ukraine

8,788

42

Kosovo

8,740

43

Armenia

7,774

44

Georgia

7,165

45

Moldova

4,669

Sources: World Bank (2013)
EuCham Research Department - Compiled by Luca Nazzicone and Dimal Nathwani 2014-10-27

 

 

 

 

 

 

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