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Austrian households among the top three in purchasing power in the EU

© Pixabay

According to the latest data compiled by Eurostat, Austria is third in the EU, surpassed only by Luxembourg and Germany. In measuring the material prosperity of households, Eurostat used actual individual consumption (AIC) per capita as its benchmark as measured in purchasing power standards (PPS). This includes goods and services actually consumed by households, regardless of whether they are paid for by the households themselves, the state or non-profit organizations. Luxembourg boasted the highest AIC in 2016, with a level of consumption at 132 percent of the EU average. Germany’s consumption was at 122 percent compared to the Austrian figure of 119 percent of the EU average.    

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