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13222Slovaks' and Swedes' shopping power

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  • Martin Votruba
    Sep 1, 2005
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      A current index of the purchasing power in Europe places countries in
      unexpected positions. The index is not based on exchange rates. It
      takes account of how much people can buy in their own country after
      tax, social security and similar payments. In the list below, the
      purchasing power in each country is expressed relative to an employed
      person's purchasing power in Slovakia (= 100%):

      212% Switzerland
      192% Germany
      164% Austria
      156% Ireland
      144% Britain
      128% Norway
      124% Poland
      108% Sweden
      100% SLOVAKIA
      _84% Czech R.
      _68% Hungary


      votruba "at" pitt "dot" edu