Yesterday, reports from Eurostat and the Bank of Greece provided new data on the financial situation of citizens in Greece [1], [2].
In 2024, Greece ranked second to last among the 27 EU countries in purchasing power, which was 30% below the European average, according to Eurostat. Seventeen countries were below the average, with Latvia, Greece, and Bulgaria having the lowest purchasing power, while Luxembourg, Ireland, and the Netherlands had the highest.
Luxembourg, Ireland, and the Netherlands had the highest purchasing power in the EU in 2024.
At the same time, private sector bank deposits—including businesses, households, NGOs, insurance companies, and financial institutions—fell by €1.7 billion in February 2025, following a €4.7 billion decline in January, according to the Bank of Greece. Household and NGO deposits specifically decreased by €396 million in February, after a €1 billion drop in January. The decline in deposits may be due to low interest rates and households using savings to cover expenses.
In 2024, GDP per capita expressed in purchasing power standards varied among EU countries.
Highest levels in:
🇱🇺Luxembourg (141% above the EU average)
🇮🇪Ireland (111% above)Lowest in:
🇧🇬Bulgaria (34% below the EU average)
🇬🇷Greece (30% below)👉https://t.co/aCMOdtuEBa pic.twitter.com/Ovblw72nUT
— EU_Eurostat (@EU_Eurostat) March 27, 2025
