The purchasing power of Polish citizens reached 79% of the EU average in 2022, the head of a government-affiliated economic agency said.
Buoyed by years of economic growth, Poland has been gradually catching up on its western European peers, and now appears to be closing in on parity.
“Poland at 79% of European average in GDP per capita, PPS (Purchasing Power Standard),” Piotr Arak, head of the Polish Economic Institute, wrote on Twitter. “We’re slowly catching up with Spain”.
In Eurostat’s flash purchasing power parity (PPP) and gross domestic product estimates for 2022, Poland was ranked ninth from the bottom and Spain tenth in terms of PPS.
“In 2022, gross domestic product (GDP) per capita expressed in purchasing power standards (PPS) ranged between 59% of the EU average in Bulgaria and 261% in Luxembourg,” Eurostat wrote on its websiite.
In terms of non-PPS-adjusted GDP per capita, Luxembourg and Ireland were ranked the highest, with 161% and 134% of the EU average, respectively. Bulgaria, Slovakia and Greece occupied the opposite end of the spectrum, as their GDP per capita was 41%, 33% and 32% lower than the EU average, respectively. (PAP/Business World Magazine)
