Gross domestic product

European prices with Balkan purchasing power

Despite the increase in the minimum wage in 2023, Greece's gross domestic product (GDP) per capita expressed in purchasing power standards is 67% of the European average, according to Eurostat. 

This puts Greece in 26th place among the 27 member-states, with Bulgaria in last, where GDP per capita in purchasing power units was 64% of the European average.

Bulgaria Retains Lowest Purchasing Power in EU, While Luxembourg Tops the Charts

The latest data released by Eurostat, the official statistical office of the European Union, reveals that Bulgaria continues to grapple with the lowest purchasing power within the EU, while Luxembourg maintains its position at the top with the highest purchasing power.

Finland is world's happiest country for seventh year: Study

Finland remained the world's happiest country for a seventh straight year in an annual U.N. sponsored World Happiness Report published on March 20.

And Nordic countries kept their places among the 10 most cheerful, with Denmark, Iceland and Sweden trailing Finland.

Compared to the previous year, Türkiye has climbed eight places in the list and is now ranked 98th.

Bulgaria Spends 1.87% of GDP on Defense, NATO Report Reveals

Bulgaria's defense expenditure for the year 2023 amounted to $1.9 billion (3.47 billion BGN), representing 1.87 percent of its Gross Domestic Product (GDP), as detailed in the annual report released by NATO Secretary General Jens Stoltenberg. This disclosure occurred during a press conference held at NATO headquarters in Brussels earlier today.

Brnabic: Serbian GDP growth at 3.8 pct in January, expected to accelerate in Q1 2024

BELGRADE - Serbia's government council tasked with coordinating activities and measures aimed at promoting GDP growth said on Friday January growth had been at a higher-than-anticipated 3.8 pct and could be expected to grow further in Q1 2024.

The council's session was chaired by PM Ana Brnabic.

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