Europeans have average of €12,500 per head to spend on consumer goods in 2008 ranging from €45,000 in Liechtenstein to €800 in Moldova

Nov 26th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
According to an annual survey by German market research group GfK, European consumers in 2008, have disposable income totaling €8 trillion to spend on consumer goods, and this includes state benefits like unemployment money, child benefit and pensions. This means that the average per capita purchasing power is around €12,500, although of course, there are considerable disparities between countries. For example, in Moldova, bringing up the rear on the league table, the level of disposable income is just under €800. Liechtenstein ranks first with a purchasing power of around €45,000, Luxembourg comes in second with a purchasing power of €28,192, followed by Switzerland with €26,842 and Germany, climbing up one place in the rankings from eleventh to tenth place with an average of €18,734 per capita.

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