The country with the highest index of GDP per capita is Luxembourg among 37 countries in Europe in 2012 and Turkey ranks 30th on the list.
Turkish Statistical Institue, Turkstat, released temporary Purchasing Power Parity data for 2012 in cooperation with Eurostat on Wednesday.
According to the first preliminary estimates of the European Comparison Program for 2012, Gross Domestic Product (GDP) per capita index based on Purchasing Power Parity in Turkey is 56. This figure shows that GDP per capita in Turkey is 56 whilst the average for 27 EU countries is 100.
Among 37 countries involved in the comparison, the country with the highest index of GDP per capita is Luxembourg with 271 and the country with the lowest index of GDP per capita is Bosnia and Herzegovina with 28. While Turkey's index of GDP increased 4 points compared to the previous year, Turkey ranked 30th among 37 countries in Europe.
The country groups included in the comparison are the 27 member states of European Union, 3 European Free Trade Association (EFTA) countries (Switzerland, Iceland and Norway), 1 acceding state (Croatia), 4 candidate countries (the Former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey), and 2 potential candidate countries (Albania, Bosnia and Herzegovina).
Purchasing power parities (PPPs) are currency conversion rates that are applied in order to convert economic indicators from national currency to an artificial common currency which equalizes the purchasing power of different national currencies and enables meaningful volume comparisons between countries.
