Does this make sense?
While Ireland had a GDP (gross domestic product) per capita at 87% above the EU28 average in 2018, a proxy for material standard of living per capita was again below the EU28 average and that of Italy despite the latter’s long period of economic stagnation.
Eurostat, the statistics office of the European Union, this week published data on GDP per capita and Actual Individual Consumption (AIC). It showed that Ireland was 6% below the EU28 average while Germany’s per capita consumption was 29% above Ireland’s.
Ten member states recorded AIC per capita above the EU average in 2018. The highest level in the EU was recorded in Luxembourg, 32% above the EU average. Germany was around 20% above, followed by Austria, Denmark, the United Kingdom, the Netherlands, Finland, Belgium, Sweden and France, which all recorded levels between around 5% and 15% above the EU average.
Italy was 2% below the average and Spain was 10% below.