Purchasing powerLuxembourg residents still the richest in Europe

RTL Today
In the latest release of European standard of living rankings by Eurostat, Luxembourg continues to maintain its position as the continent's wealthiest nation, far ahead of everyone else.
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Eurostat’s assessment relies on median equivalised disposable income, expressed in Purchasing Power Standards (PPS), which considers variations in price levels to ensure accurate cross-country comparisons. These figures encompass income distribution, household size, and composition.

The EU countries with the highest median disposable incomes in 2022 were Luxembourg (33,214 PPS), ahead of the Netherlands (25,437 PPS), and Austria (25,119 PPS).

The Grand Duchy regularly comes out on top in such wealth, standard of living, and quality of life rankings.

Among Luxembourg’s neighbouring nations, Belgium ranks first with 24,142 PPS, ahead of Germany with 23,197 PPS, and France with 20,575 PPS.

Conversely, the countries with the lowest purchasing power are concentrated in Eastern Europe, with Bulgaria at 9,671 PPS, followed by Slovakia at 9,826 PPS, and Romania at 10,033 PPS.

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