We are 38% below EU in purchasing power

According to the "Purchasing Power Parity", Turkey's gross domestic product index value per capita was 62 for the last year, 38 percent below the EU average of 100.

Turkish Statistical Institute announced the "Purchasing Power Parity" (PPP) data for 2020.

According to the PPP announced by the European Union Statistics Office, while the per capita gross domestic product (GDP) index value was 100 units on average for 27 European Union (EU) countries, it was 62 units for Turkey and remained 38 percent below the EU average.

In comparisons, 27 EU member states, 3 European Free Trade Association (EFTA) countries (Switzerland, Iceland and Norway), 5 candidate countries (Turkey, North Macedonia, Montenegro, Serbia and Albania), 1 potential candidate country (Bosnia-Herzegovina) and United Kingdom covered.

Among the 37 countries in question, the country with the highest GDP per capita index according to PPP was Luxembourg with 263, and the lowest country was Albania with 30. In the GDP per capita index, Luxembourg was 163 percent above the EU average, while Albania was 70 percent below.

NEEDS PURCHASED FOR 100 EURO IN THE EU, CAN BE PURCHASED FOR 38 EURO IN TURKEY

Turkey's price level index for actual individual consumption became 38 according to the results of 2020. This value shows that the same basket of goods and services purchased for 100 Euros across EU countries can be purchased in Turkey for 38 Euros in Turkish Lira.