According to data from Eurostat, the statistical office of the European Union, Albania stands last in Europe when it comes to Actual Individual Consumption (AIC), which measures the material welfare of households and refers to the consumption of families according to purchasing power parity standards.
For Albania, the indicator was below the 40% of the EU’s average in 2020, marking the lowest level in Europe and in the region, with only 1 percentage point growth from last year.
Serbia had the most significant progress (from 49% to 52%) as well as the country with the highest economic progress during the pandemic, with a drop by 1%.
Montenegro remains the country with the highest consumption per capita, with 61% of the EU’s average.
Albania, also ranked second to last in Europe when it comes to income per capita.
According to data from Eurostat, the Gross Domestic Product per capita in Albania was 31% of the EU’s average in 2020, standing at the same level as last year.
The country with the lowest income per capita in Europe is Bosnia and Herzegovina, at 33% of EU’s average, from 32% the year before, deepening the difference with Albania by 2 percentage points.
Serbia had the biggest progress, with income per capita which was at 43% of the bloc’s average, from 41% in 2019.
North Macedonia did not change its position from last year, at 38% of EU’s average, while income per capita in Montenegro was at 46% of EU’s average.
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