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EU: Greek, Portuguese GDP per Capita Far Below EU-27 Average

In the European rankings of GDP per capita, calculated on the basis of purchasing power, in 2010 Greece, Portugal, Malta and Slovenia have between 10 and 20% lower levels than the EU-27 average.

In the context of EU Mediterranean countries, the only one to exceed the EU’s average GDP per capita by about 10% is France, while Italy, Spain and Cyprus are at the average.

This is the snapshot emerging from the latest Eurostat data, which the EU-27 GDP per capita takes as a benchmark figure (100).

According to the picture provided by Eurostat, Portugal has a stable GDP per capita at 80, followed by Malta, which saw a slight growth (83 in 2010 compared with 82 in 2009).

Slovenia, on the other hand, saw a decline (85 of GDP per capita in 2010 compared with 87 in 2009), as did Greece ( 90 in 2010 and 94 in 2009).

Cyprus dropped to 99 (it had been at 100 in 2009) as did Spain, which was at 100 (compared with 103 in 2009), while Italy dropped to 101 (in decline from 2009, when it had been at 104).

France remains stable at 108, the same figure it had seen in 2009.

From an enlargement prospective, the gap to be filled is still wide for Croatians (61 for GDP per capita compared with the EU-27 average of 100), but is especially so for Turks (49), Montenegrins (41), Serbians (35), Bosnians (31) and Albanians (28), who therefore do not manage to earn even a third of the EU-27’s average GDP per capita.

Low levels are still seen for Bulgaria, which brings up the rear in the EU rankings (44) as are those for Romania (46).

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