Czech capital Prague is the seventh richest region in EU in 2017 in terms of GDP per capita

Czech capital Prague is the seventh richest region in EU in 2017 in terms of GDP per capita
Three quarters of the people living in CEE live in regions with per cap GDP 75% above EU average
By bne IntelliNews February 27, 2019

Prague remains the seventh richest region of the European Union in 2017 in terms of GDP per capita, same as in 2016, followed by Slovakia’s Bratislava, according to Eurostat data published on February 26.

Three quarters of the EU population live in regions where regional GDP per capita is above 75% of the EU average, Eurostat said in a press release

The leading regions in the ranking of regional GDP per capita in 2017 were Inner London - West with 626% of the average, Luxembourg with 253% and Southern in Ireland with 220%. Prague’s GDP per capita stood at 187% of the average in 2017, increase by 5 percentage points (pp) year-on-year. Bratislava’s figure decreased by 5pp to 179% y/y.

Other Czech regions are lagging behind the European average, with the best results for the Central Bohemian Region with 84% followed by the South-East region (with 81%). The lowest numbers were recorded in the Northwest Region of Karlovy Vary and Usti nad Labem Region with 63%.

There were 21 regions with GDP per capita 50% or more above the EU average in 2017: five were in Germany, two each in Ireland, Austria, the Netherlands and the United Kingdom and one each in Belgium, Czechia, Denmark, France, Slovakia, Poland and Sweden as well as Luxembourg. Population living in these 21 regions is 52.3mn persons.

After North-West in Bulgaria (31% of the average), the lowest regions in the ranking were Mayotte in France and North-Central in Bulgaria (both 34%) and another region in Bulgaria: South-Central (35%). Among the 20 regions with GDP per capita below 50% of the EU average, five were in Bulgaria, four each in Greece and Hungary, three in Poland, two each in France and Romania. Population in these 20 regions is 22.9 million persons, Eurostat said.