Inequality in Europe as % of GDP

Consider Bulgaria and Germany: EU’s highest and lowest GDP per capita regions (updated 2015)

The great inequality of regions persists as local GDP per capita varies significantly. Inner London (West) in the United Kingdom (580% of the average), the Grand Duchy of Luxembourg (264%), Hamburg in Germany (206%) Bruxelles/Brussel in Belgium (205%) and Bratislava in Slovakia (188%) were the top five regions within the EU.

In total, Eurostat found that there were 20 regions with GDP per capita 50% or more above the EU average in 2015: five were in Germany, four in the United Kingdom, two each in the Netherlands and Austria, one each in Belgium, the Czech Republic, Denmark, France, Slovakia and Sweden, as well as the Grand Duchy of Luxembourg.

Poor regions are championed by Bulgaria with five regions, four each in Hungary and Poland, three in Romania and two  in both Greece and France.

Severozapaden of Bulgaria is the lower GDP per capita region within the EU with just 29% of the average. Mayotte in France (32%), Severen Tsentralen and Yuzhen Tsentralen in Bulgaria (both 33%) and Nord-Est in Romania (34%)

Full story:

https://www.neweurope.eu/article/bulgaria-vs-germany-eus-highest-lowest-gdp-per-capita-regions-2015/

It will be interesting to see future figures, with the UK almost certainly exiting, and Covid-19 restructuring people’s lives, business models, health service priorities …

 

The numbers give no real indication of how satisfied people are with their lives – for example, in the wealthy countries it is common practice for rich individuals and corporations to monopolise land and home ownership, so that poor people can work for ~ 50 years, and pay the rich unmentionables much of their earnings in rent …

 

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