Belgium is 6th richest EU nation

15th June 2006, Comments 0 comments

15 June 2006, BRUSSELS — If the average EU national had EUR 100 to spend, the average Belgian national would have EUR 118 at their disposal, statistics bureau Eurotsat said on Thursday.

15 June 2006

BRUSSELS — If the average EU national had EUR 100 to spend, the average Belgian national would have EUR 118 at their disposal, statistics bureau Eurotsat said on Thursday. 

Eurostat said in terms of disposable wealth, Belgians were ranked 6th, newspaper 'Het Laatste Nieuws' reported.

However, that figure hides regional differences. The provinces of Wallonian Brabant and Flemish Brabant and every other Flemish province are above the EU average.

The remaining Wallonian provinces languish below the EU average.

Eurostat ranks EU member states according to purchasing power per resident, a relative measuring stick for disposable wealth.

Luxembourg is ranked on top, with purchasing power of 248 (based on an EU average of 100).

That figure is, however, distorted by the large number of expats in Luxembourg and who contribute to its Gross Domestic Product (GDP).
 
Luxembourg is followed by Ireland (137), Denmark (124), the Netherlands (123), Austria (123) and Belgium. Non-EU nations Norway and Switzerland scored 165 and 128 respectively.

Eastern European countries scored poorly. Poland (50) is the second lowest-ranked and the Baltic nation of Latvia (47) the poorest.

But EU candidate member states are even worse off: Romania scored 35, followed by Bulgaria (32), Croatia (47) and Turkey (31).

[Copyright Expatica News 2006]

Subject: Belgian news

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