{"id":18061,"date":"2025-04-04T11:46:25","date_gmt":"2025-04-04T09:46:25","guid":{"rendered":"https:\/\/www.mbi-geodata.com\/en\/?p=18061"},"modified":"2025-04-04T11:51:30","modified_gmt":"2025-04-04T09:51:30","slug":"purchasing-power-in-europe-rises-to-e13-6-trillion-in-2024","status":"publish","type":"post","link":"https:\/\/www.mbi-geodata.com\/en\/2025\/04\/04\/purchasing-power-in-europe-rises-to-e13-6-trillion-in-2024\/","title":{"rendered":"Purchasing Power in Europe Rises to \u20ac13.6 Trillion in 2024"},"content":{"rendered":"\n

Karlsruhe, April 4th 2025: In 2024, Europe’s economic landscape has undergone significant changes. The per capita purchasing power growth in Europe stands at 4.8%, equivalent to an increase of \u20ac784 per person. Further figures not only reveal intriguing regional disparities but also prompt a deeper investigation into the drivers behind these shifts. For example, Ireland has fallen out of the top 10. What has changed in 2024, and which countries are now setting new benchmarks in purchasing power?<\/p>\n\n\n\n

Purchasing Power Across Europe and the EU<\/h2><\/div>\n\n\n\n

The total purchasing power across all European countries reached \u20ac13.6 trillion in 2024. When focusing solely on the European Union, the total purchasing power amounts to \u20ac9.4 trillion. This corresponds to an average per capita purchasing power of \u20ac20,978 within the EU and \u20ac17,228 across Europe.<\/p>\n\n\n\n

Purchasing Power Map of Europe<\/h2><\/div>\n\n\n
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\"Map<\/figure>\n<\/div>\n\n\n

Purchasing Power Ranking: Top 10 in Europe<\/h2><\/div>\n\n\n\n

Purchasing power is not distributed evenly across the continent. Wealthier countries such as Switzerland and Luxembourg lead the ranking. Here are the Top 10 European countries by purchasing power index:<\/p>\n\n\n\n

Rank 2024<\/strong> (vs. 2023)<\/strong><\/td>Country<\/strong><\/strong><\/td>Population<\/strong><\/strong><\/td>Purchasing Power Index<\/strong>*<\/strong><\/td><\/tr>
1 (1)<\/span><\/td>Switzerland<\/span><\/td>9,012,804<\/span><\/td>298<\/span><\/td><\/tr>
2 (2)<\/td>Luxembourg<\/td>669,074<\/td>250<\/td><\/tr>
3 (3)<\/span><\/td>Iceland<\/span><\/td>386,102<\/span><\/td>194<\/span><\/td><\/tr>
4 (4)<\/td>Norway<\/td>5,520,950<\/td>193<\/td><\/tr>
5 (5)<\/span><\/td>Denmark<\/span><\/td>5,974,340<\/span><\/td>174<\/span><\/td><\/tr>
6 (6)<\/td>Austria<\/td>9,137,892<\/td>170<\/td><\/tr>
7 (7)<\/span><\/td>Germany<\/span><\/td>84,762,574<\/span><\/td>162<\/span><\/td><\/tr>
8 (9)<\/td>United Kingdom<\/td>67,846,317<\/td>162<\/td><\/tr>
9 (8)<\/span><\/td>Netherlands<\/span><\/td>17,990,884<\/span><\/td>160<\/span><\/td><\/tr>
10 (11)<\/td>Belgium<\/td>11,821,778<\/td>159<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*Index per inhabitant; 100 = European average<\/p>\n\n\n\n

Ireland, which ranked in the Top 10 in 2023, has been displaced due to a slower rate of purchasing power growth, allowing Belgium to advance in the ranking. Additionally, the United Kingdom now exhibits higher purchasing power than the Netherlands.<\/p>\n\n\n

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\"Diagram<\/figure>\n<\/div>\n\n\n

Top 3 Countries with the Strongest Purchasing Power Growth<\/h2><\/div>\n\n\n\n

Certain countries have experienced particularly rapid increases in their purchasing power index. The top three with the largest percentage increase in the purchasing power index compared to the previous year are:<\/p>\n\n\n\n

Country<\/strong><\/td>Population<\/strong><\/strong><\/td>Purchasing Power Index*<\/strong><\/strong><\/td>Increase in Index<\/strong><\/strong><\/td><\/tr>
Turkey <\/span><\/td>85,895,197<\/span><\/td>38<\/span><\/td>8 %<\/span><\/td><\/tr>
Moldova <\/td>2,397,603<\/td>19<\/td>7 %<\/td><\/tr>
Poland<\/span><\/td>37,603,980<\/span><\/td>66<\/span><\/td>7 %<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*Index per inhabitant; 100 = European average<\/p>\n\n\n\n

The purchasing power level of these three countries was well below the European average in 2023. Purchasing power also remained below the average in 2024, although it increased more than in any other European country.<\/p>\n\n\n\n

Comparison of European Purchasing Power<\/h2><\/div>\n\n\n\n

Despite positive developments in some nations, significant disparities in purchasing power remain across Europe. While Switzerland leads with an index of 298, countries like Moldova, Kosovo, Serbia, and Turkey fall well below the European average. Notably, the nine countries with the lowest per capita purchasing power are non-EU members.<\/p>\n\n\n\n

Purchasing Power Data for 2025<\/h2><\/div>\n\n\n\n

The purchasing power data for 2024 serve as a critical foundation for economic forecasts, investment decisions, and salary negotiations in 2025. Companies can leverage these data to target investments in regions experiencing significant growth, while policymakers can design targeted interventions to boost purchasing power in underperforming areas.<\/p>\n\n\n\n