GDP per capita index sees 64 in 2020

The country’s gross domestic product (GDP) per capita index based on purchasing power parity (PPP) last year was 64, while the average for EU countries was 100, according to the Turkish Statistical Institute (TurkStat).

Despite the pandemic, the country’s index rose 3 points from the previous year.

Turkey’s GDP per capita index was 36% lower than the EU average, according to the preliminary results of the European Comparison Program for 2020, TurkStat said.

The PPP is an index that allows a comparison of both economic activities and living standards among different countries.

The official report includes data from the EU’s 27 member states, as well as three European Free Trade Association (EFTA) countries (Switzerland, Iceland, and Norway), five candidate countries (Turkey, North Macedonia, Montenegro, Serbia, and Albania), one potential candidate country (Bosnia and Herzegovina), and the UK.

Meanwhile, the actual individual consumption (AIC) per capita in the country was 72 in 2020, versus the EU average of 100.

The AIC consists of goods and services actually paid or purchased by consumers as well as provided freely by governments, or by non-profit organizations (education, health care, etc.).

While GDP per capita is mainly an indicator of the level of economic activity, actual individual consumption per capita is an alternative indicator better adapted to describe the material welfare situation of households.

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