26th Oct 2016

City of London richest EU region

  • London host the EU's biggest financial sector (Photo: Neil Howard)

With wealth three times greater than the EU average, inner London - home to the EU's largest financial sector- is the bloc's richest region.

Luxembourg, another financial powerhouse, is second at 266 percent of the EU average GDP, followed by Brussels which also has over twice the average, according to statistics on gross domestic product per capita in the EU's 272 regions in 2011.

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

The rich northern German city of Hamburg is at 202 percent of the GDP average, followed by Bratislava. The Slovak capital is the richest among former Communist regions and ahead of Paris, Stockholm and Prague.

Eurostat, which released the figures Thursday (27 February) notes that in some regions "GDP per capita figures can be significantly influenced by commuter flows," as people may live outside the city where they work.

At the other end of the scale, Bulgaria and Romania remain home to the EU's eight poorest regions, as was the case in previous years.

With only 29 percent of the EU GDP average, both the north-eastern region of Romania bordering Moldova as well as the north-western Bulgarian region of Severozapaden, bordering Serbia, are the poorest regions of all.

Among the 75 regions below 75 percent of EU GDP average, fifteen were in Poland, nine in Greece, seven in both the Czech Republic and Romania, six in Hungary, five each in Bulgaria and Italy, four each in Portugal and the United Kingdom, three in Slovakia, two each in Spain, France (both overseas departments) and Croatia, one in Slovenia, as well as in the single region member states of Estonia, Latvia and Lithuania.


Europe ready to tackle Greek debt relief

The Greek government has built and broadened alliances in EU institutions and member-states that acknowledge the need to restructure the debt and deliver another economic model for the eurozone.

Stakeholders' Highlights

  1. EFADraft Bill for a 2nd Scottish Independence Referendum
  2. UNICEFCalls on European Council to Address Plight of Refugee and Migrant Children
  3. ECTAJoin us on 9-10 November in Brussels and Discover the new EU Digital Landscape
  4. Access NowCan you Hear me now? Verizon’s Opportunity to Stand for Global Users
  5. Belgrade Security ForumMeaningful Dialogue Missing Not Only in the Balkans, but Throughout Europe
  6. EuropecheEU Fishing Sector Celebrates Sustainably Sourced Seafood in EU Parliament
  7. World VisionWomen and Girls Urge EU Leadership to Help end Gender-based Violence
  8. Dialogue PlatformIs Jihadism Blind Spot of Western Intellectuals ? Wednesday 26 October
  9. Belgrade Security ForumGet the Latest News and Updates on the Belgrade Security Forum @BelSecForum
  10. Crowdsourcing Week EuropeMaster Crowdsourcing, Crowdfunding and Innovation! Conference 21 November - 10% Discount Code CSWEU16
  11. EJCEU Parliament's Roadmap for Relations with Iran a Massive Missed Opportunity
  12. Nordic Council of MinistersFish Skin on Bare Skin: Turning Fish Waste into Sustainable Fashion