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Romania ranks 31st in the European purchasing power ranking, with around 60% below the European average, given that Europeans have an average per capita purchasing power of 13,894 euros in 2020, according to the results. of the GfK Purchasing Potenza study for Romania and Europe, reports Agerpres.
Centralized research data shows that, in the case of Romania, there is a very large gap between rich and poor. The inhabitants of the capital therefore have a purchasing power over 81% higher than the national average. In addition, Bucharest residents have three times more income for spending and savings than the inhabitants of the county with the lowest purchasing power, Vaslui.
According to the source cited, the counties of Arad, Argeş and Prahova each grow with a place in the Top 10, from a purchasing power point of view, occupying positions seven to nine, while Hunedoara comes out of the top this year. In tenth place is Alba County.
For Romania, purchasing power data is available in detail at the city level for each of the following categories: food, soft drinks, alcoholic beverages, tobacco products, health and hygiene products, clothing, footwear and leather products, furniture, household products, glass, porcelain; home appliances, consumer electronics, IT&C, photography, watches and jewelry, books and supplies, sports equipment, hobbies and recreation, home renovation items.
The GfK report reveals that, at European level, the average purchasing power per capita this year is 13,894 euros, but the net disposable income of the 42 countries studied varies considerably.
Where is the largest purchasing power in Europe
In this respect, Liechtenstein, Switzerland and Luxembourg have the highest net disposable income, while Kosovo, the Republic of Moldova and Ukraine have the lowest incomes.
Overall, Liechtenstein residents have an average purchasing power of € 64,240, more than 37 times that of Ukrainians. The next countries included in the former are Switzerland and Luxembourg, with per capita net incomes of € 41,998, respectively € 34,119.
The countries most affected by the coronavirus
Overall, Europeans have just under € 9.5 trillion at their disposal in 2020, and the average purchasing power per capita shows a decrease of almost 5.3% compared to last year, a trend that may be attributed primarily to the spread of COVID-19 and the resulting economic impact, the study authors say.
The study prepared by GfK also contains the Corona Impact Index, which reflects the effect of COVID-19 on European countries and which has calculated to what extent European countries have suffered from the effects of the pandemic.
Therefore, Liechtenstein and Switzerland suffered less from the health crisis.
Also in Iceland and Norway, which rank fourth and fifth in the purchasing power rankings, the Corona Impact Index is respectively 58% and 63% higher than the European average. Both countries have been severely affected by the coronavirus pandemic, one reason being the devaluation of national currencies against the euro. The last place among the 42 countries in the ranking is held by Turkey, where the Index is over 2.8 times higher than the European average.
“GfK Purchasing Power Europe 2020” is available for 42 European countries with details down to the level of municipalities and postal codes, with details of data on inhabitants and households, as well as digital maps.
The Corona Impact Index shows the differences between net disposable income lost due to the coronavirus crisis at the national and regional levels. The calculations are made on the basis of the most recent information and forecasts on net household income, on consumption expenditure by private households and on changes in gross domestic product.
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