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Slovenia Business Week no. 52: Slovenia's GDP Averaged 79% of the EU's in 2004

Among the newcomers, only Cyprus had a higher GDP (83% of the EU's average)

Slovenia's per capita GDP, measured in purchasing power parity, amounted to 79% of the average GDP in the 25-member EU, calculated for 2004, according to data released by Eurostat on Tuesday, 20 December.

Among the newcomers, only Cyprus had a higher GDP (83% of the EU's average). With 79%, Slovenia also outperformed Portugal, an old EU member, which boasts a GDP averaging 72% of the EU's.

Luxembourg is in a class of its own with a GDP of 227% of the EU's. It is followed by Ireland (138%), the Netherlands (125%), Austria (123%) and Denmark (122%).

The economic powerhouses of Europe continued to lag behind: Great Britain posted 2004 GDP of 117% of the EU's average, France 110%, Germany 109% and Italy 103%, with all bar Germany noting a drop on 2003 figures.

Posting the lowest per capita GDP were Estonia (51%), Poland (49%), Lithuania (48%) and Latvia (43%).

Source: Slovene Press Agency STA

Author: STA