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Austria is one of the richest EU countries

20. September 2018

After Luxembourg and Ireland, Austria and the Netherlands are the next richest countries in the European Union (EU). Outside the EU only the Icelanders, Norwegians and the Swiss are better off than the Austrians.  

According to preliminary estimates from the EU statistics office Eurostat , in 2017 gross domestic product (GDP) per capita in purchasing power standards (PPS) ranged from 49% to 253% of the EU average (100%).

With a value of 128% each, Austria and the Netherland have the highest GDP per capita of all EU member states except Luxembourg (253%) and Ireland (184%). This made Austria together with the Netherlands the third richest EU country in 2017, closely followed by Denmark (125%), Germany (123%) and Sweden (122%). The other countries above the EU average were Belgium (117%), Finland (109%), the United Kingdom (105%) and France (104%).

GDP per capita was slightly below the EU average in Italy (96%), Malta (96%) and Spain (92%). The two countries with the lowest GDP per head in terms of the EU average were Croatia (61%) and Bulgaria (49%).

Iceland (130%), Norway (150%) and Switzerland (158%) were the only countries outside the EU with higher GDP per capita than Austria.