Turkey's GDP per capita 36 percent below EU average
Turkey's 2020 GDP per capita, expressed in purchasing power parity standards, was 64 percent of the EU average, according to the latest Eurostat data. Thus, Turkey ranked as the seventh poorest country among 37 European countries.
Turkey's gross domestic product (GDP) per capita, expressed in purchasing power standards (PPS), was equal to 64 percent of the European Union average in 2020, according to data from the EU's statistics office, Eurostat.
The Purchasing Power Standard (PPS) eliminates price level differences between countries and thus one PPS buys the same volume of goods and services in all countries.
The richest EU country in 2020 was Luxemburg, where GDP per capita was at 266 percent of the EU average, followed by Ireland and Sweeden. Albania was the poorest country with GDP per capita equal to 31 percent of the EU average.
Turkey ranked as the seventh poorest country among 37 European countries on the list.
GDP per capita measures the total economic activity of a region, and does not necessarily correlate to the income or purchasing power of an individual person or household.
The data also measured actual individual consumption (AIC) which looks at the value of consumer goods and services purchased by households or provided for them by non-profit institutions and governments. As such it is a good way to compare real living standards.
Eurostat found using the ACI measure that the spending power of households in Turkey was 72 percent of the EU average.
There were nine other countries lagging behind Turkey.