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Austria is one of the richest EU countries


After Luxembourg, Ireland and the Netherlands, Austria is the next richest country 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 2018 gross domestic product (GDP) per capita in purchasing power standards (PPS) ranged from 50% to 254% of the EU average (100%).

With a value of 127%, Austria had the highest GDP per capita of all EU member states except Luxembourg (254%), Ireland (187%) and the Netherlands (129%). This made the fourth richest EU country in 2018, closely followed by Denmark (126%), Germany (123%) and Sweden (121%). The other countries above the EU average were Belgium (115%), Finland (110%), the United Kingdom and France with 104% each.

GDP per capita was slightly below the EU average in Malta (98%), Italy (95%), Spain (91%) and the Czech Republic (90%). The two countries with the lowest GDP per head in terms of the EU average were Croatia (63%) and Bulgaria (50%).

Iceland (133%), Norway (150%) and Switzerland (157%) were the only countries outside the EU with higher GDP per capita than Austria.