March 26 (SeeNews) - Bulgaria marked the lowest gross domestic product (GDP) per capita among the 27 EU member states in 2023, at 36% below the bloc average, followed by Greece, at 33% below the average, the EU statistical office said on Tuesday, citing flash data.
Expressed in purchasing power standards (PPS), Bulgaria's GDP per capita stood at 64% of the EU average, while Greece's amounted to 67%, Eurostat said in a release of flash estimates of PPPs and GDP for 2023.
Among the five EU member states in Southeast Europe, Slovenia posted the highest GDP per capita, at 91% of the bloc average. In the EU overall, Luxembourg and Ireland registered the highest levels, at 140% and 112% above the EU average, respectively.
PPS, an artificial currency unit, are derived by dividing any economic aggregate of a country in its national currency by its respective purchasing power parities. Thus, one PPS can buy the same amount of goods and services in each country.