Turkey’s GDP per capita index went down in 2019

Among 37 countries involved in the comparison, Luxembourg was the country with the highest index of GDP per capita with 261

Turkey’s gross domestic product (GDP) per capita index based on purchasing power parity (PPP) was 61 while the average for the EU countries was 100 last year, according to Hürriyet Daily News. The data is announced by Turkey’s statistical authority (TÜİK) on June 18.  The index decreased 4 points from 65 a year earlier.

Turkey’s GDP per capita index was 39% below the EU average, according to the preliminary results of the European Comparison Program for 2019, TÜİK added.

Among 37 countries involved in the comparison, Luxembourg was the country with the highest index of GDP per capita with 261, the TÜİK data revealed.

Report includes 37 countries

The PPP is an index that allows a comparison for both economic activities and living standards among different countries.

The official report includes data from the 27 member states of the EU, as well as three European Free Trade Association (EFTA) countries (Switzerland, Iceland and Norway), five candidate countries (Turkey, North Macedonia, Montenegro, Serbia, and Albania), one potential candidate country (Bosnia and Herzegovina) and the U.K.

Meanwhile, the actual individual consumption (AIC) per capita in Turkey was 68 in 2019, whereas the average of EU countries was 100, 32% below the EU-average.

The AIC consists of goods and services paid or purchased by consumers as well as provided freely by governments, or by non-profit organizations (education, health care etc.).

While GDP per capita is mainly an indicator of the degree of economic activity, actual individual consumption per capita is an alternative indicator better adapted to describe the material welfare situation of households.

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