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Romania, Bulgaria lowest GDP per capita in 2011

According to the preliminary estimates for 2011, the two neighbouring countries had the lowest Gross Domestic Product  (GDP) per capita in the European Union, Eurostat informed today, around 50 percent and 55 percent bellow the block’s average.

The GDP per capita expressed in Purchasing Power Standards (PPS) varied from 45 percent to 274 percent of the EU27 average across the Member States.

The highest level of GDP per capita in the EU27 was recorded in Luxembourg with a level of more than two and a half times the EU27 average.

The Netherlands were just above 30 percent of the average, while Denmark, Sweden, Ireland and Austria were between 25 percent and 30 percent above. Finland, Belgium and Germany were between 15 percent and 20 percent above the average, while France and the United Kingdom were between 5 percent and 10 percent above. In Italy and Spain, GDP per capita was around the EU27 average.

Cyprus was around 10 percent below the EU27 average, while Slovenia, Malta, Greece, the Czech Republic and Portugal were between 15 percent and 25 percent lower, and Slovakia was around 25 percent below. Estonia, Hungary, Poland and Lithuania were between 30 percent and 40 percent lower than the average, while Latvia was around 40 percent below, Romania around 50 percent below and Bulgaria 55 percent below.

According to EU's statistics body, since 2010 when Romania adopted the most dramatic austerity measures in Europe, some 9 million people are living on the poverty threshold.

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