SYN THESISINE@COVID-19, 23-Dec-2021

December . 23 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 9/20 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In 2020, the Gross Domestic Product per capita, expressed in Purchasing Power Parities, stood at 76.4% of the European average, i.e., 2.2 percentage points lower than in 2019 In 2020: • Gross Domestic Product per capita (GDPpc) expressed in Purchasing Power Parities (PPP) stood at 76.4% of the European Union average (78.6% in 2019), largely reflecting the greater relative weight in Portugal of the economic activities most affected by the pandemic context, namely tourism; • The dispersion of the volume indicator of GDPpc measured in PPP across the 27 EU Member States was very significant. Luxembourg (263.1) had the highest volume index, more than two and a half times the EU27 average and about five times that of Bulgaria (54.9), the EU country with the lowest value; • Among the 19 member states of the Euro Area, Portugal ranked 16 th , maintaining the relative position observed in the previous year, below Estonia (84.2), Spain (84.4), and Lithuania (86.9), and ahead of Latvia (70.4), Slovakia (70.1), and Greece (62.4); • Actual Individual Consumption Expenditure per capita (AICpc) also expressed in PPP, a more appropriate indicator to reflect household welfare, stood at 84.4% of the EU average (85.6% in 2019); • Taking the AICpc as a reference, Portugal ranked 13 th among the EU countries; • In 2020, the AICpc measured in PPP stood at 84.4% of the EU27=100 average, 1.2 percentage points lower than in 2019 (85.6%). Volume Index GDPpc and Actual Individual Consumption per capita (AICpc) in 2020, EU27=100 60.5 84.4 144.6 54.9 76.4 263.1 0.0 50.0 100.0 150.0 200.0 250.0 300.0 BG EL HR SK LV RO HU PL PT EE ES LT CY SI CZ IT MT FR FI BE DE SE NL DK NO IE LU GDP Pc 2020 AIC Pc 2020 More information is available at: Purchasing power parities - 2020 (15 December 2021)