Conversation. 🇭🇺 Hungary — the EU's “poorest” country? Here's what the numbers say Hungary now ranks last in the EU in terms of real living standards. According to fresh Eurostat data, Hungarian households consume only 72% of the EU average — the lowest figure in the entire bloc.
Which is the poorest country in the European Union?
According to Eurostat, Hungary is now the poorest country in the European Union based on real income per capita—not GDP, but how much citizens can actually afford. Once more prosperous, it now trails behind Romania and Bulgaria.
Luxembourg is the wealthiest country in the European Union, per capita, and its citizens enjoy a high. It is a major center for large private banking, and its finance sector is the biggest contributor to its economy.
Bulgaria was the EU country with the lowest GDP per capita, at 34% below the EU average. Levels of actual individual consumption were somewhat more homogeneous, but still showed significant differences across Europe.
Important point of clarity for the question. If you are asking about total GDP then population is a major factor. While Germany may have the 3rd largest economy in the world and Britain the 6th, Germany has 12 million more people than the UK.
Bulgaria and Romania are the cheapest members, at 57% of the EU average. This means Luxembourg is about 2.7 times as expensive as Bulgaria and Romania, showing a significant but smaller gap compared to the difference between Switzerland and Turkey. Ten EU countries have prices above the EU average.
While Sudan possesses vast natural resources like gold, oil, and fertile land, decades of political instability and conflict in Sudan have hindered development and created stark inequalities. According to the World Bank, Sudan's GDP per capita (PPP) in 2021 was $1,330, placing it among the world's poorest countries.
Estonia, a small European country located near the Baltic Sea, is ranked as the cleanest country in the world. It scored 75.7 in the EPI 2024 report. It ranks highest due to its greenery, freshwater sources, clean air and water. The second country on the list is Luxembourg; it scores 75.1 in the EPI 2024 report.
🇪🇺 EU: $19.99 trillion 🇨🇳 China: $19.03 trillion. Paris Olympics fun fact: Number of gold medals earned: EU nations: 97 USA: 40 China: 40 The 27 European Union member states out- shined not only USA and China individually but COMBINED too. Note (people): EU: app. 450 million USA: app.
The economy of Ireland is a highly developed knowledge economy, focused on services in high-tech, life sciences, financial services and agribusiness, including agrifood. Ireland is an open economy (3rd on the Index of Economic Freedom), and ranks first for high-value foreign direct investment (FDI) flows.
According to the European Commission, in 2023, the EU's "Big Four" were the largest contributors to the EU budget in 2023: Germany (€33.8bn), France (€25.8bn), Italy (€18.8bn), and Spain (€13.6bn).
A 2009 survey showed that support for EU membership was lowest in the United Kingdom (UK), Latvia, and Hungary. By 2016, the countries viewing the EU most unfavourably were the UK, Greece, France, and Spain.
Following Estonia, the highest pensioner poverty rates were recorded in Latvia (33%), Croatia (28.5%), and Lithuania (24.6%). Pensioner poverty rates tend to be lower in Western and Northern Europe. Iceland (3.1%), Norway (4.1%), Denmark (4.3%) and Finland (5.5%) have some of the lowest rates.
Poland's GDP per capita is about 8% higher than Hungary's, but this difference should be viewed in context. Poland shares a border with a $4.5 trillion economy while Hungary's largest neighbor has a GDP of around $500 billion.
Based on gross domestic product, in 2021 Somalia was the third-poorest country in the world (after Burundi and South Sudan). In international assessments of its business climate, Somalia regularly lands on one of the last places.
Sudan is both an African and Arab country, with Arabic being the most widely spoken language. Over 97% of the population are Sunni Muslims with a small Christian minority. Sudan is growing at a quick rate of 2.42% per year. This rate adds over 1 million people to the population every year.
According to the World Inequality Report 2022, the top 1% of India's population holds more than 40% of the nation's wealth, while the bottom 50% owns just 3%. In terms of income, the top 10% earns over 57% of national income. We are going to be the fourth largest economy with the largest number of the world's poor.
Uganda's reserves include copper, tungsten, cobalt, columbite-tantalite, gold, phosphate, iron ore, and limestone. Gold, cobalt, and columbite-tantalite are mined. Gold is an important export, but it is complicated by the fact that gold has been smuggled into Uganda from the Democratic Republic of the Congo.
With a GNI per capita of $10,610 in 2020, China is an upper middle-income country. The poverty line for an upper middle-income country is $5.5 per day at PPP. As of 2020, China has succeeded in eradicating absolute poverty, but not the poverty defined for upper middle-income countries which China belongs to.
What are the safest countries in Europe to visit or reside in? Several European nations consistently rank high in global safety indexes. According to the Global Peace Index, countries like Iceland, Denmark, and Switzerland are among the safest, boasting low crime rates and stable political environments.
For example, in Luxembourg, the minimum wage is 4.9 times that of Bulgaria — the highest and lowest in the EU. In PPS terms, this gap narrows to 2.3 times. While Luxembourg (2,035) still ranks at the top, Estonia (886) has the lowest PPS minimum wage.
The most affordable places to retire in Europe are countries like Portugal, Malta, and Greece. They offer affordable living costs while maintaining a good quality of life. That's why they have become a popular budget-friendly retirement option.
