Montenegro's GDP per capita holds at 42% of EU27 average in 2012 - Eurostat.

By bne IntelliNews June 19, 2013

Montenegro's GDP per capita, expressed in purchasing power standards (PPS), equalled to 42% of the EU27 average in 2012, the same as a year earlier, preliminary Eurostat data showed. In 2008, the country’s GDP per capita stood at 43% 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.

Montenegro outpaced its neighbouring countries - Bosnia and Herzegovina (GDP per capita at 28% of the EU27 average), Serbia (GDP per capita at 35% of the EU27 average), Albania (GDP per capita at 30% of the EU27 average) with the exception of Croatia, which had a GDP per capita at 61% of the EU27 average in 2012.

The country’s GDP per capita rose by 12 points in the 2005-2008 period, reflecting strong convergence towards the EU average level. However, the catch-up process appears to have been stalled following the onset of the crisis. 

GDP per capita in PPS 2008 2009 2010 2011 2012
Albania 26 28 27 30 30
Bosnia 26 29 28 28 28
Bulgaria 43 44 44 46 47
Macedonia 34 36 36 35 35
Montenegro 43 41 42 42 42
Serbia 36 36 35 35 35
Romania 47 47 47 47 49
Source:  Eurostat        

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