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Post by Jaga on Jun 26, 2009 9:32:51 GMT -7
Poland continues to be one of the poorest EU member states, according to a report by Eurostat.
In Poland, GDP per inhabitant - as expressed by Purchasing Power Standards (reference currency unit that eliminates price level differences between countries) - was 57 percent of the EU average. This outs the country forth from bottom in the Eurostat ratings.
Only Bulgaria on 40 percent below average, Romania on 46 percent and Latvia - which has been severely stricken by financial crisis - on 56 percent are behind Poland. However, since 2004, the year of Poland’s accession to the EU, GDP has increased by 7 percent.
Luxembourg, at 253 percent of the EU average is the richest in the 27 nation bloc, but the result has been distorted by a high number of foreigners who work in the country. Ireland (140 percent), the Netherlands (135 percent) and Austria (123 percent) also took high positions on the list.
In Spain, Italy, Greece and Cyprus GDP per inhabitant was within 5 to 10 percent of the EU average.
Among the countries which entered the EU in 2004 the most affluent are Slovenia (90 percent) and the Czech Republic (80 percent). (mg/pg)
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