'Saudi Arabia will continue to advance reform agenda to ensure fiscal sustainability' Al-Jadaan attends 2021 annual meetings of WPG and IMF    KAUST, NCM sign agreements support two centers aimed to mitigate climate impacts in ME    Saudi, Chinese foreign ministers discuss developments in phone call    Saudi Pavilion in Expo 2020 Dubai achieves record number in daily visits    Sudden electrical failure causes cancelation of Haramain Railway trips for two days    Saudi Arabia scores highest regional progress in Maritime Connectivity Index    Crown Prince launches Strategic Offices for development of Al Baha, Al Jouf and Jazan    KAICIID chief underlines key role of religious and humanitarian institutions in confronting challenges    18 dead, dozens missing in floods in southern India after heavy rain    MoI, Saudi Exports participate in 2021 GITEX in Dubai    Harsh winter expected to bite Kingdom this year    SFDA wins 2021 UNIATF Award on prevention and control of NCDs    Social distancing stickers from all over Grand Mosque is being removed    AFC: Al-Nassr, Al-Hilal set for semi showdown in Riyadh    Ministry of Culture inaugurates BIENALSUR Contemporary Art Exhibition in JAX, Diriyah    Step up, urges WHO as figures reveal 1 in 4 adults don't exercise enough    Tributes pour in for killed Kenyan athlete    UN honors Henrietta Lacks, whose cells transformed medical research worldwide    Princess Reema named member of IOC Coordination Commission for Brisbane 2032    Sami's brace seals Saudi Arabia on 4th winning streak in World Cup qualifier Green Tops Group B    Saudis, expats mourn death of prominent Filipino preacher in Riyadh    Bollywood actor Sidharth Shukla dies at 40    Custodian of the Two Holy Mosques Directs KSrelief to Urgently Provide Malaysia with Medical, Preventive Equipment and Supplies to Address COVID-19 Pandemic    Custodian of the Two Holy Mosques Congratulates President of Maldives on Independence Day    Weather Forecast for Sunday    RSNF Commander Patronizes Ceremonial Launching of His Majesty's Ship "Jazan"    OIC Condemns Houthi Attempts to Target Civilians in Saudi Arabia    Philippines evacuates thousands as monsoon rains flood cities, provinces    Heavy rain in India triggers floods, landslides; at least 125 dead    U.S. Records 64,321 New Infections of Coronavirus    Without Fans, Tokyo Olympics Kicked Off    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Dr. Mohammed Sulaiman Al-Jasser, Saudi Arabia's Pick to Chair IsDB Group for the next five years, unanimously approved by BoG Committee of Procedures    Saudi Press: Fitch affirms Saudi Credit Rating at "A" with a revised outlook to stable from negative    Handled Cargo at Saudi Ports Increases during June 2021    SDAIA, DARP & STC Launch Pilgrim's Smart Bracelet (NUSK)    Tabuk sculptor spends 8 years in carving entire Holy Qur'an on 30 marble slabs    2 Goals by Diaz Gives Colombia 3rd Place at Copa America    Legendary actor Dilip Kumar, 98, passes away, and with him an era    Saudi Cinema Night at Arab World Institute in Paris Kicks Off    KSU Leads Joint International Scientific Project for Early Detection of Breast Cancer    Saudi Arabia to Participate in Cannes Film Festival 2021    Arab Cup U-17 Championship Draw Saudi Arabia, Morocco, Palestine, Kuwait, in the 1st Group    AWI Hosts Saudi Cinema Nights in Paris    Brazil Beats Chile at Copa America Despite 2nd-Half Red Card    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Incomes in Ireland, Baltics, hardest hit by crisis, EU data shows
Published in Saudi Press Agency on 21 - 06 - 2010


The economic crisis which has gripped the
European Union in the last two years has taken the heaviest toll on
the incomes of people living in Ireland and the Baltic counties, dpa quoted data
released today as showing.
The EU's statistical agency, Eurostat, published the gross
domestic product (GDP) per inhabitant in purchasing power standard
(PPS), an index showing how relatively well off people are in each of
the bloc's 27 member states.
The 2009 data showed that Ireland's pro-capita GDP fell to 131 per
cent of the EU's average, as compared to 148 per cent in 2007. The
result still left it the EU's second richest country, with Luxembourg
in the lead with a 268-per-cent score.
Over the same period Estonia, due to join the euro on January 1,
2011, saw its score fall from 69 to 62 per cent. In Lithuania it
dropped from 59 to 53 per cent, in Latvia from 56 to 49 per cent.
On the other end of the scale, Poland jumped from 54 to 61 per
cent of the EU average. The country was the only one in the EU to
escape recession in 2009.
Relative incomes held more or less steady in the rest of the bloc,
including in countries such as Hungary and Romania, which, like
Latvia, received bailout funds from the EU and the International
Monetary Fund (IMF).
Greece, which earlier this year was saved from default by a
massive 110-billion-euro (136-billon-dollar) EU and IMF rescue fund,
was said to have advanced from 93 to 95 per cent, but Eurostat said
it could not certify the data.
The agency indicated that 14 countries - Cyprus, Greece, Slovenia,
Czech Republic, Malta, Portugal, Slovakia, Hungary, Estonia, Poland,
Lithuania, Latvia, Romania and Bulgaria - are below the EU average.
That also holds for EU applicants, with Croatia, Turkey and
Macedonia scoring respectively 64 per cent, 46 per cent and 35 per
cent.
Iceland, which last week won permission from EU leaders to start
accession talks, proved to be an exception, reaching 120 per cent of
the EU's average GDP pro-capita.


Clic here to read the story from its source.