Money Buzz! Europa

Tag: GfK Purchasing Power Europe 2020

  • Sharp contrast between rich and poor purchasing power in Poland

    Sharp contrast between rich and poor purchasing power in Poland

    The average per capita purchasing power in Poland in 2020 is €7,143, just under 49 percent below the European average, as ”GfK Purchasing Power Europe 2020” shows.

    This puts Poland in twenty-eighth place in the European rankings.

    There is an especially large gap between rich and poor in Poland with respect to the distribution of purchasing power in the country’s 380 districts. Only 17 districts have a per capita purchasing power that is at least 20 percent higher than the national average.

    By contrast, 106 districts are at least 20 percent below the national average.

    Warsaw district has the biggest purchasing power

    With a per capita purchasing power of €12,120, the capital city district of Warsaw takes first place. Inhabitants of the capital district have almost 70 percent more money for consumer purchases and saving than the national average. 

    In Szydlowiecki district purchasing power is just €4,721

    At the other end of the district rankings is Szydlowiecki, where the per capita purchasing power is just €4,721. This corresponds to almost 66 percent of the Polish average and 34 percent of the European average.

    Inhabitants of Warsaw have almost 2.6 times more money available than the inhabitants of the least affluent district of Szydlowiecki.

    There has been little change in the top places of the purchasing power rankings this year. The districts of Krakow and Bielsko-Biala switch eighth and ninth places. Gliwice makes it into the top ten with a per capita purchasing power of €9,111, putting it in tenth place and ousting the district of Tychi.

  • Czechs living in the country’s largest cities have the highest purchasing power

    Czechs living in the country’s largest cities have the highest purchasing power

    Czechia has a per capita purchasing power of €9,179, which puts it almost 34 percent below the European average and in twenty-fifth place among the 42 countries in the ”GfK Purchasing Power Europe 2020” study.

    The capital city district of Prague once again tops the purchasing power rankings. Inhabitants of this district have €11,961 per capita available for spending and saving, which is more than 30 percent above the national average.

    However, the purchasing power of the inhabitants of Prague is still almost 14 percent below the European average.

    The two bordering districts of Praha-zapad and Praha-vychod also have above-average purchasing power, as does the Czech Republic’s second largest city, Brno-mesto. 

    There have been a few changes in the top ten this year, with Brno-mesto and Praha-vychod switching places three and four and Beroun, Hradec Kralove and Benesov also changing places in the rankings.

    A new entry this year is the district of Kladno, which secures the final place in the top ten with a per capita purchasing power of €9,328.

    Bringing up the rear in the district rankings is Jesenik in Northern Moravia, located on the border with Poland. The district’s inhabitants have a per capita purchasing power of €7,597, which is almost 83 percent of the national average and around 55 percent of the European average. 

  • Average per capita purchasing power in Italy at €16,439 in 2020

    Average per capita purchasing power in Italy at €16,439 in 2020

    In Italy the average per capita purchasing power is €16,439 in 2020, as shown on ”GfK Purchasing Power Europe 2020” report.

    This puts Italians around 18 percent above the European average and in sixteenth place among the 42 countries considered by GfK’s study. 

    There is a significant north-south divide in the distribution of purchasing power between Italy’s affluent north and poorer south. All of the provinces in the top ten are located in the north of Italy. The province of Milano remains at the top of the rankings.

    The area around the fashion metropolis has a per capita purchasing power of €23,507, which is 43 percent above the national average and more than 69 percent above the European average.

    New to the top ten is the province of Firenze, which occupies tenth place and ousts the province of Valle d’Aosta/Vallee d’Aoste from the top ten. The provinces of Monza e della Brianza and Genova switch fifth and eighth places in the rankings.

    The ten least affluent provinces are all located in southern Italy

    Last place goes to Crotone, which is situated in the country’s far south.

    Inhabitants of this province have a per capita purchasing power of €9,119, which is around 45 percent less than the national average and around 34 percent less than the European average.