Dataset

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3. GDP per capita in PPS

GDP per capita in PPS

<p>The volume index of GDP per capita in Purchasing Power Standards (PPS) is expressed in relation to the European Union average set to equal 100.&nbsp;An index value above 100 indicates that a country's GDP per capita is higher than the EU average, while a value below 100 signifies that it is lower. This index is often used to compare the economic well-being of populations. However, GDP includes certain components and transactions that are arguably less relevant to measuring a household's current material well-being. PPS is the technical term used by Eurostat to denote a common currency that eliminates the differences in price levels between countries allowing meaningful comparisons. PPS values are derived by dividing a country's economic aggregates in national currency by the respective PPPs.&nbsp;Data are primarily intended for cross-country comparisons rather than for comparisons over time.</p>