Luxembourg residents possess the highest purchasing power in the European Union, according to 2024 data from Eurostat – more than 40% above the bloc's average.

According to the latest 2024 figures from Eurostat, significant disparities in purchasing power persist across the European Union, with Luxembourg residents maintaining their position as the most affluent by a considerable margin.

The data, expressed in Purchasing Power Standard (PPS), is designed to compare economic productivity and living standards by eliminating differences in price levels between countries. One PPS theoretically buys the same basket of goods and services in each nation.

Luxembourg's lead is significant, with a per capita consumption level of 37,000 PPS. This places the Grand Duchy more than 40% above the EU average of 26,300 PPS.

It is followed closely by its neighbours the Netherlands (31,400 PPS) and Belgium (29,500 PPS), with Germany (31,000 PPS) also in the top tier. France, while ranking seventh with 27,700 PPS and remaining above the EU average, trails its immediate neighbours.

Southern European nations like Italy (25,700 PPS) and Spain (24,300 PPS) sit slightly below the EU average. The lowest levels of purchasing power are concentrated in Eastern Europe, with Bulgaria (19,300 PPS) and Hungary (18,800 PPS) at the bottom of the ranking.