Montenegro's 2011 GDP per capita improves to 43% of EU average.

By bne IntelliNews June 21, 2012
The GDP per capita in Montenegro, expressed in purchasing power standards (PPS), improved to 43% of the EU-27 average in 2011 from 41% in 2010, the EU statistics office Eurostat said. Thus, welfare in Montenegro returned to its level from 2008. Montenegro is richer than all of its neighbouring countries, except for Croatia, which had a GDP per capita at 61% of the EU27 average in 2011. The country is ahead of Bosnia and Herzegovina (GDP per capita is 29% of the EU27 average), Serbia (GDP per capita is 35% of the EU27 average), Albania (GDP per capita is 31% of the EU27 average). The Purchasing Power Standard (PPS) eliminates price level differences between countries and thus one PPS buys the same volume of goods and services in all countries. The figures for GDP per capita, expressed in PPS cover the 27 EU Member States, three EFTA countries, one acceding state, four candidate countries and two potential candidate countries.

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