Axar.az
UP
16 December 2017


The most and the least prosperous part of Europe

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

The data published shows an area of inner west London is the most prosperous part of Europe by a long shot.

The area encompasses Buckingham Palace, Big Ben, Notting Hill and the City of London financial district.

Based on GDP per head, this part of London is 5.4 times wealthier than the European Union average, once the difference in price levels between countries is taken into account. European data show west Londoners on average account for £116,800 ($162,200) in GDP per year.

The neighborhoods included in this region are: City of London, Westminster, Kensington & Chelsea, Hammersmith & Fulham, Camden and Wandsworth. However, it's worth noting that the figures are inflated by people who live in the suburbs but commute to work. These workers lift the overall economic output of the area, but only residents are counted when per capita GDP figures are calculated. The second richest region in the European Union is the Grand Duchy of Luxembourg. Residents in this area are 2.7 times richer than the average. Luxembourg is a small city-state that has one of the highest national minimum wages in the world.

Meanwhile, the least prosperous region in the EU is Severozapaden, Bulgaria. The average resident has €8,200 ($9,000) in annual GDP.

Date
2016.02.27 / 17:30
Author
Axar.az
Comments
loading...
See also

US uses Al Hasakah camp in Syria to train militants

Trump: Immigrants with lottery visas ‘worst of the worst’

France 'has no plan' to move embassy to Jerusalem

Merkel, Macron aim for eurozone plan by March

Saudi warplanes kill more than 50 people in Yemen

Tourists get into trouble in India for using drone cameras

What else is UK Brexit department hiding from Britsh?

Moscow committed to cooperation with UN on environment

Israeli police interrogate Netanyahu in graft probe

Germany: SPD set for more coalition talks with Merkel

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla