The standard of living in the Czech Republic grows

Jun 29, 2007 11:28 AM Filed under ,

According to the statistics of Eurostat, the Statistical Office of European Communities, the Czech Republic is getting closer to the standard of living of the older member states of the European Union.

Eurostat compared the Gross Domestic Product (GDP) per inhabitant expressed in Purchasing Power Standards (PPS) in the EU countries. As the average of the EU27 is 100 PPS, the Czech Republic improve its rank from 74 PPS (26% below the average) in 2005 to 79 PPS (21% below the average) in 2006.

The GDP per person is the highest in Luxembourg (280 PPS), then in Ireland (144 PPS) and the Netherlands (131 PPS), the lowest GDP per person is in Poland (53 PPS), Romania (38 PPS) and Bulgaria (37 PPS).

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