A new study by the European Statistical Office (Eurostat) on purchasing power for 2024 ranks Greece second to last, with figures showing the country is 30% below the EU average.

According to Eurostat’s latest data, In 2024, the gross domestic product (GDP) per capita expressed in purchasing power standards (PPS) ranged between 66% of the EU average in Bulgaria and 241% in Luxembourg. This information comes from the preliminary estimates of purchasing power parities (PPPs) and GDP for 2024.

The study highlights substantial differences in GDP per capita expressed in purchasing power standards were observed among EU countries. 10 countries, representing about 34% of the EU’s population, exceeded the EU average in GDP per capita.

For instance, Luxembourg and Ireland had the highest levels (141% and 111% above the EU average, respectively), well ahead of the Netherlands (35% above the EU average), Denmark (+28%) and Belgium (+17%).

Greece continues to rank persistently low in terms of citizens’ living standards. The lowest level of GDP per capita was registered in Bulgaria, at 34% below the EU average. Greece and Latvia also fell below the average, by 30% and 29%, respectively.

Despite studies consistently placing Greece among the lowest-ranking EU countries in terms of purchasing power, the government continues to promote its €50 gross monthly salary increase.

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