Montenegro, GDP per inhabitant according to the standard of purchasing power last year was 48 percent of the average of the EU

Published on 17. December 2022., News

Gross domestic product (GDP) per inhabitant, according to the standard of purchasing power, in Montenegro last year was 48 percent of the average of the European Union (EU), according to the final data of Eurostat.

Monstat announced that of the EU member states, the highest GDP per inhabitant, according to the standard of purchasing power, was recorded in Luxembourg, whose level is more than two and a half times higher than the EU average, and is 268 percent of the European average.

Bulgaria is at the lowest level with 57 percent of the EU average.

Among the countries of the region, Croatia has the highest GDP per inhabitant according to the purchasing power standard, which is 70 percent of the EU average, while Montenegro is in second place with 48 percent.

Serbia and North Macedonia are at the level of 44 percent and 42 percent of the European average, Bosnia and Herzegovina (BiH) at 33 percent, and Albania at 32 percent of the European average.

Actual individual consumption per inhabitant according to the standard of purchasing power, according to the final data among the members last year, ranged from 65 percent of the EU average in Bulgaria to 144 percent of the EU average in Luxembourg.

GDP per capita is mainly an indicator of the level of economic activity, while real individual consumption is an alternative indicator, better adapted to describe the material well-being of the household, local media reports.