average purchasing power in Europe increased by 5.8%, to €17.7 thousand – Kommersant

In 2023, the purchasing power of the average European was €17.7 thousand, an increase of 5.8%. Such data is contained in published yesterday, October 25, a report from the research company GfK. The company estimated the total purchasing power of Europeans in 2023 at €12.1 billion.

Residents of Liechtenstein are in first place in terms of purchasing power – €68.8 thousand, which is almost four times the European average. Next come Switzerland (€49.6 thousand) and Luxembourg (€40.9 thousand). The top 10 also includes Iceland, Denmark, Ireland, Austria, Norway, Germany and the UK. In total, there are 42 countries in the ranking. Ukraine takes last place (€2.5 thousand). Russia is not in the ranking.

“This year, European countries have again recorded a significant increase in purchasing power – an average of almost 6% – which, however, cannot compensate for the still high inflation. At the same time, purchasing power does not move in the same direction in all countries: for example, Ireland has improved (its place in the ranking.— ”b”) by four places, while the UK’s position worsened by three places,” noted GfK geomarketing solutions expert Tim Weber.

Yana Rozhdestvenskaya