Wednesday, March 14, 2018

Regional EU GDP Per Capita 2004 vs 2014

From Brilliant Maps:
The map above shows the relative GDP per capita of the EU-28’s NUTS 2 Regions in Purchasing Power Standard (PPS) in 2004 and 2014.

And if you’re wondering just what exactly PPS is, Eurostat explains that it:
is an artificial currency unit. Theoretically, one PPS can buy the same amount of goods and services in each country. However, price differences across borders mean that different amounts of national currency units are needed for the same goods and services depending on the country. PPS are derived by dividing any economic aggregate of a country in national currency by its respective purchasing power parities.
Therefore, the map above shows the relative wealth of each region in comparison to the EU-28 average for each year. Those in green have a GDP per capita at least 5% greater than the EU average in that year, whereas those in red have a GDP per capita that is no more than 75% of the EU average.
Inner London (UK) was the EU’s richest region in 2014 with a GDP per capita of 539% of the average.
Severozapaden (Bulgaria) was the poorest with a GDP per capita of just 30% of the EU-28 average....