Wednesday

31st May 2023

Magazine

Brussels third richest region in EU

  • Brussels is the richest region in Belgium and the third richest in the EU (Photo: EUobserver)

Brussels is the third richest region in the EU, following London and Luxembourg, a new survey has shown, while the bloc's poorest regions are all located in member states from central and eastern Europe.

At 336 percent of the EU's average GDP, or €89,300 GDP per inhabitant, inner London in the UK was found to be the richest EU region as of 2006, according to figures released by EU statistics office Eurostat on Thursday (19 February).

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Central London was followed by the Grand Duchy of Luxembourg on 267 percent (€71,800) of average EU GDP, Brussels, on 233 percent (€59,400), and Hamburg, on 200 percent (€48,600).

Austria, the Netherlands, Finland, Denmark, France, Sweden, Ireland, Greece, Spain and Italy were also home to regions whose average wealth exceeds 125 percent of the EU's GDP.

But Eurostat points out that in certain regions, "the GDP per inhabitant figures can be significantly influenced by commuter flows. Net commuter inflows in these regions push up production to a level that could not be achieved by the resident active population on its own."

Additionally, the Dutch province of Groningen, ranked fifth richest EU region, is irritated by having been put so high on the list and calls the ranking "persistent nonsense," according to Radio Netherlands.

Its high position makes it harder for Groningen to receive EU subsidies, it notes.

At the other end of the scale, all 20 poorest regions in the EU are located in central and eastern Europe – namely in Bulgaria, Romania, Poland and Hungary, who all joined the bloc in the last five years.

Newest EU members Bulgaria and Romania share the first place on the list, with the northeast of Romania (€2,900 GDP per inhabitant) and the northwest of Bulgaria (€2,600) both with wealth equivalent to 25 percent of the EU's average GDP.

But the survey also shows considerable gaps between regions in the same country.

In Corsica, the measured average level of wealth is almost twice as low as that of the Paris Ile-de-France region, while the survey also confirms the long-acknowledged gap between Italy's north and south.

There were, however, urban areas in eastern Europe that are on average wealthier than some poor regions of the old member states.

People living in the region of Slovakia's capital, Bratislava (148.7% of average EU GDP), or in Prague (162.3%) live better than those in southern Italy (68.9%), in certain Spanish regions such as Andalucia (80.8%) or Murcia (87.1%), or in Namur, Belgium (81.9%).

The Eurostat survey takes into consideration 271 EU regions.

Prague outranks Paris and Stockholm among EU's richest regions

Prague outranked Paris, Stockholm and Vienna in a list of the EU's richest regions published on Thursday by Eurostat, the bloc's statistics office. The chart is however based on 2007 data, at the height of an economic boom in the central European state.

Magazine

A deep dive into the EU regional funds

While the regional funds account for a full third of the EU budget, they are somewhat under-reported. EUobserver's latest edition of the Regions & Cities magazine looks at the EU's cohesion policy.

Magazine

A tourist's guide to EU-funded Amsterdam

When it comes to projects paid for by EU regional funds, most people think of roads in Romania or bridges in Bulgaria. But richer regions also receive money. EUobserver takes you on a tour of selected projects in Amsterdam.

Magazine

Tug of war between 'top-down' and 'bottom-up' cohesion money

The European Commission has promised greater flexibility for local authorities when it comes to delivering on-the-ground results - but it has also tied cohesion policy to the European Semester, a tool used to coordinate macroeconomic policies.

Magazine

A deep dive into the EU regional funds

While the regional funds account for a full third of the EU budget, they are somewhat under-reported. EUobserver's latest edition of the Regions & Cities magazine looks at the EU's cohesion policy.

Magazine

The EU Agencies Race

In this edition of EUobserver's Regions & Cities magazine, we take a closer look at some of the EU agencies, exploring how their location matters and the benefits for cities and regions to host them.

Latest News

  1. Germany unsure if Orbán fit to be 'EU president'
  2. EU Parliament chief given report on MEP abuse 30 weeks before sanction
  3. EU clashes over protection of workers exposed to asbestos
  4. EU to blacklist nine Russians over jailing of dissident
  5. Russia-Ukraine relations the Year After the war
  6. Why creating a new legal class of 'climate refugees' is a bad idea
  7. Equatorial Guinea: a 'tough nut' for the EU
  8. New EU ethics body and Moldova conference This WEEK

Stakeholders' Highlights

  1. International Sustainable Finance CentreJoin CEE Sustainable Finance Summit, 15 – 19 May 2023, high-level event for finance & business
  2. ICLEISeven actionable measures to make food procurement in Europe more sustainable
  3. World BankWorld Bank Report Highlights Role of Human Development for a Successful Green Transition in Europe
  4. Nordic Council of MinistersNordic summit to step up the fight against food loss and waste
  5. Nordic Council of MinistersThink-tank: Strengthen co-operation around tech giants’ influence in the Nordics
  6. EFBWWEFBWW calls for the EC to stop exploitation in subcontracting chains

Join EUobserver

Support quality EU news

Join us