EU, 2020: Actual Individual Consumption per capita used as a measure of material welfare of households, expressed in Purchase Power Standards
EU, 2020: Actual Individual Consumption per capita used as a measure of material welfare of households, expressed in Purchase Power Standards
9 comments
[Source](https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20211215-1)
[Here is a table that also includes the US.](https://i.imgur.com/5JT0NaK.png)
Differences are still huge in Europe, even in the wealthier nations, we often forget that.
Wow, Russia finally annexed all of Belarus and Ukraine.
Also, what’s going on with Ireland? Thought they would be higher.
2020 data is a bit messed up from covid tho.
Can anybody knowledgeable explain what actual individual consumption really shows? Its strange to have Lithuania this high up.
Ok, we’re poor. We get it.
This is a tricky one. Societies with low level of investment, or even negative investment, will show higher individual consumption over societies that value savings and stability.
I know that Sweden loves investments, almost as a hobby. As an example take a look to the level of participation on meme-stocks like Gamestop.
It is an interesting metric. But it does not takes into account savings nor debt. A historical evolution of the values could help, as sooner or later debt needs to be paid and savings will be spend.
Romania is better than I thought.
Of course half of Eastern Europe has overtaken us by now, and we’ve yet to see the end of the barel.