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Purchasing Power Parities:

Swedish households’ Actual Individual Consumption 9 percent above EU average

Statistical news from Statistics Sweden 2018-12-17 9.30

Swedish households’ Actual Individual Consumption (AIC) per capita is 9 percent above average for the 28 EU countries in 2017. Sweden ranks twelfth in Europe.

Actual Individual Consumption (AIC) consists of goods and services that are consumed by the individual irrespective of whether these goods and services are purchased and paid for by households, by the government or by non-profit organisations. In international comparisons AIC is often seen as the preferable indicator for households’ actual standard of living.

The dispersion in AIC per capita between the 28 EU countries and Norway, Iceland and Switzerland, ranges from 32 percent above to 46 percent below the EU 28 average. Luxemburg tops the list with 32 percent above, followed by Norway which is 27 percent above and Switzerland which is 24 percent above the average. However, it should be noted that Norway, Switzerland and Iceland is not included in the EU 28 average.

Actual Individual Consumption in purchasing power standards (PPS), 2017 (EU28=100)
Purchasing power parities 2015-2017

Note: Sorted firstly by value and secondly alphabetically.

GDP per capita is mainly an indicator of the economic activity in a particular country.

Sweden’s GDP per capita is 21 percent above the EU 28 average in 2017. Luxembourg has by far the highest GDP per capita, at 153 percent above the EU average. The relatively high figure is partly due to a large number of foreign residents working in the country and thus contributing to the GDP, while not being included in the population statistics. Bulgaria has the lowest figure in this comparison with 51 percent below the average for the EU countries.

Actual Individual Consumption (AIC) and Volume indices of Gross Domestic Product (GDP) per capita in PPS 2015, 2016 and 2017 EU28=100
 AIC volume index per capita  GDP volume index per capita
 201520162017201520162017
Luxembourg 140 134 132 266 260 253
Norway 130 127 127 156 145 146
Switzerland 131 126 124 165 160 156
Germany 122 122 122 124 124 124
Austria 121 119 117 129 128 127
Iceland 116 116 117 126 131 130
Denmark 116 113 114 127 126 128
United Kingdom 115 115 114 109 107 105
Belgium 114 113 112 118 118 117
Finland 114 113 112 109 109 109
Netherlands 115 111 111 130 128 128
Sweden 113 110 109 125 122 121
France 110 110 108 105 104 104
EU28 100 100 100 100 100 100
Italy 97 98 98 95 97 96
Ireland 94 94 93 178 177 181
Cyprus 91 92 92 82 84 85
Spain 89 89 89 91 91 92
Lithuania 83 85 88 75 75 78
Czechia 78 79 82 87 88 89
Portugal 82 82 82 77 77 77
Malta 79 78 78 92 94 96
Slovenia 76 76 77 82 83 85
Greece 79 77 76 69 68 67
Poland 74 74 76 69 68 70
Slovakia 76 76 76 77 77 76
Estonia 71 72 73 76 77 79
Latvia 66 65 68 64 64 67
Romania 58 65 68 56 59 63
Croatia 59 61 62 59 61 62
Hungary 63 62 62 68 67 68
Bulgaria 53 53 54 47 48 49

Source: Eurostat and SCB Source: Eurostat and SCB. Note: Norway, Iceland and Switzerland are not EU-members and are therefore not included in the EU28 average. Sorted firstly by AIC in 2016 and secondly in alphabetical order.

Definitions and explanations

Purchasing power parities (PPP) are currency conversion rates that are applied in order to convert economic indicators from national currency to artificial common currency, called Purchasing Power Standard (PPS), which equalizes the purchasing power of different national currencies and enables meaningful volume comparison between countries.

PPP is the ratio between the amount in the countries’ domestic currency that is needed in order to buy the same basket of goods and services.

GDP is firstly calculated in the domestic currency and later converted with an artificial currency, Purchasing Power Standard (PPS). GDP per capita adjusted with purchasing power reflects the difference in volume in real terms between countries.

Purchasing Power Parities

Eurostat’s publishing of Purchasing Power Parities:

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Statistical Database

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