Usman Salis
● New data from EU_Eurostat shows just how unequal Europe's economy really is. While the EU average sits at 38,100 purchasing power standards (PPS), some regions earn more than ten times what others do.
● Dublin comes out on top with 139,500 PPS—over three times the EU average. The Irish capital has become a magnet for tech giants, pharma companies, and financial firms setting up their European bases there.
● On the flip side, Mayotte, a French territory in the Indian Ocean, registered only 10,500 PPS. Parts of Bulgaria, Romania, and Greece also struggle, staying below 20,000 PPS.
● The numbers highlight a persistent problem for EU policymakers trying to narrow the wealth gap. While Western and Northern Europe thrive on innovation and productivity, Southern and Eastern regions lag behind due to limited industry variety and aging populations.
● Wealth clusters heavily in big cities like Luxembourg, Prague, Paris, and Munich, all of which far exceed their national averages. Metro areas are driving most of the EU's growth.
Usman Salis
