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Money's too tight to mention Money's too tight to mention

Material welfare in Croatia ranks bottom of EU

By  Dec 21, 2017

According to the European Union statistics bureau, Eurostat, when it comes to the material welfare of households in the EU, Croatia and Bulgaria are placed at the bottom of the list.

The latest data from European statistics shows that the Actual Individual Consumption (AIC) per capita expressed in purchasing power standards in countries across the EU varied from the 53 percent of the EU average in Bulgaria to 132 percent in Luxembourg.

Other EU member countries such as Germany and Austria have the level of AIC per capita at around 20 percent above the EU average. Ireland, having the second highest level of GDP per capita in the EU-28, has AIC per capita at 4 percent below the EU-28 average.

As far as Croatia is concerned, the material welfare of households in the country is slightly better than in Bulgaria. The Actual Individual Consumption (AIC) per capita in Croatia is 59 percent of the EU average.