Bulgaria posts EU's lowest GDP/capita in 2023

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.