Ireland's 2018 standard of living per capita below EU28 average


#1

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.


#2

I wouldn’t be all that surprised by these stats, given the fact that a proportion of Irleand’s GDP figures relate to fantasy multinational activity and bear little relation to the economy on the ground. Driving through Ireland it is clear to see that rural towns that are not tourist or commuter hot spots are struggling and the poor areas in cities are not getting any richer looking.

However I would wonder what exactly those spending per household stats mean in detail. If it is actually a figure representing spending per man, woman and child in the country then are the figures being distorted somewhat by the fact that Ireland probably has more children than most other European countries and spending per child is bound to be lower and bring down the average per capita spending?


#3

It would certainly seem to suggest that there may be two very different Irelands existing side by side.

Its still surprising to see that Ireland might possiby lag behind Italy

Although most wealthy countries generally dont export an entire generation every thirty years or so.