Thursday

22nd Feb 2018

Ireland down, Poland up in EU wealth count

  • Not all EU citizens are equally wealthy (Photo: Images Money)

Fresh statitsics have highlighted the wealth gap in the EU, with Luxembourg and Bulgaria at either extreme of the divide and Ireland and the Baltic states sliding down the scale.

GDP per capita varied by a factor of more than six to one across the EU in 2010, Euorstat, the bloc's statistical office, said on Tuesday (13 December), describing the situation as "quite remarkable."

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

If you already have an account click here to login.

Luxembourg came out on top again, with levels of wealth more than two and a half times the EU average.

The numbers count foreign residents employed in the country who contribute to its overall wealth but who are not counted in the resident population, however.

The consumption level of Luxembourgers - deemed by Eurostat to be "a more suitable indicator of households' actual standard of living" - is also the highest in Europe and one half more than that of the EU average.

The Netherlands is second from the top, with a GDP per capita a third higher than the EU norm. But non-EU countries Norway and Switzerland beat the Dutch.

The Irish, who enjoy wealth levels not much lower than those of Dutch people despite being the subject of EU and International Monetary Fund-imposed austerity, came third. Nevertheless, the Eurostat note added that there is "a clear downward trend" in Ireland compared to the start of the financial crisis in 2008.

The same "very substantial decline" was noted in the Baltic countries (which placed well below the EU average) and in EU candidate Iceland.

Poland, the fifth poorest in the EU as things stand, "shows clear improvement" however.

Bulgaria and Romania lie at the bottom of the ranking, scoring worse than incoming EU member Croatia and EU candidate Turkey, but better than the other former Yugoslav republics.

Opinion

EU may have seen last days of carefree wealth

If it had had the opportunity would the European Parliament have behaved differently to the US Congress, asks Peter Sain ley Berry? When its big chance came with the Tobin Tax proposals in 2000, it ducked them.

Baltic states demand bigger EU budget

The leaders of Estonia, Latvia, and Lithuania say in a joint letter that they are open to talks on creating "new own resources" for a bigger EU budget after the UK leaves the EU.

Analysis

We are not (yet) one people

Talks on the next EU budget will start on Friday. Brussels wants to do much more than before – and needs a lot more money. But arguing about funds won't be enough.

News in Brief

  1. EU migration to UK at lowest since 2012
  2. MEP Andrieu will chair parliament pesticide committee
  3. Juncker's right-hand man warns of 'institutional blockage'
  4. Greek parliament to open probe on PMs and EU commissioner
  5. May gathers Brexit ministers to hammer out UK position
  6. Tajani asks Juncker for all EMA Brexit relocation documents
  7. Hahn: EU to back entry talks with Albania and Macedonia
  8. UEFA signs deal to promote 'European values' at EURO 2020

Stakeholders' Highlights

  1. EPSUMovie Premiere: 'Up to The Last Drop' - 22 February, Brussels
  2. Aid & Trade LondonJoin Thousands of Stakeholders of the Global Aid Industry at Aid & Trade London
  3. Macedonian Human Rights Movement Int.European Free Alliance Joins MHRMI to End the Anti-Macedonian Name Negotiations
  4. Mission of China to the EUChina-EU Tourism Year to Promote Business and Mutual Ties
  5. European Jewish CongressAt “An End to Antisemitism!” Conference, Dr. Kantor Calls for Ambitious Solutions
  6. UNESDAA Year Ago UNESDA Members Pledged to Reduce Added Sugars in Soft Drinks by 10%
  7. International Partnership for Human RightsUzbekistan: Investigate Torture of Journalist
  8. CESICESI@Noon on ‘Digitalisation & Future of Work: Social Protection For All?’ - March 7
  9. UNICEFExecutive Director's Committment to Tackling Sexual Exploitation and Abuse of Children
  10. Nordic Council of MinistersState of the Nordic Region 2018: Facts, Figures and Rankings of the 74 Regions
  11. Mission of China to the EUDigital Economy Shaping China's Future, Over 30% of GDP
  12. Macedonian Human Rights Movement Int.Suing the Governments of Macedonia and Greece for Changing Macedonia's Name

Latest News

  1. Poland and Greece broke EU environment laws, rules court
  2. Dutch MPs vote on ending 'Ukraine-type' referendums
  3. Corruption report: Hungary gets worse, Italy makes progress
  4. UK seeks flexible transition length after Brexit
  5. Commission defence of Barroso meeting leaves 'discrepancies'
  6. MEPs bar WMD and killer robots from new EU arms fund
  7. Canete gets EU parliament pension while still commissioner
  8. Bank of Latvia sends deputy to ECB amid bribery probe