Malta Chamber of SMEs meets Opposition Leader Bernard Grech
15 January 2021
The Malta Chamber of SMEs has officially met Opposition Leader Dr Bernard Grech to discuss...
Based on first preliminary
estimates for 2012, Gross Domestic Product (GDP) per capita expressed in
Purchasing Power Standards (PPS) varied from 47% to 271% of the EU27 average across
the Member States.
The highest level of GDP
per capita in the EU27 was recorded in Luxembourg with a level of more than two
and a half times the EU27 average. Austria, Ireland, the Netherlands and Sweden
were around 30% above the average. Denmark, Germany, Belgium and Finland were
between 15% and 25% above the average, while the United Kingdom and France were
around 10% above.
In Italy and Spain, GDP
per capita was just below the EU27 average. Cyprus was around 10% below the
average, while Malta (at 86%), Slovenia, the Czech Republic, Slovakia, Greece
and Portugal were between nearly 15% and 25% lower. Lithuania, Estonia, Poland,
Hungary and Latvia were between 30% and 40% lower than the average, while
Romania and Bulgaria were more than 50% below the average.
These figures for GDP per
capita, expressed in PPS, are published by Eurostat, the statistical office of
the European Union. They cover the 27 EU Member States, three EFTA countries,
one acceding state, four candidate countries and two potential candidate
Actual Individual Consumption per capita in the Member States
ranged from 48% to 141% of the EU27 average
While GDP per capita is
often used as an indicator of countries' level of welfare, it is not the only
such indicator. An alternative welfare indicator, better adapted to reflect the
situation of households, is Actual Individual Consumption (AIC) per capita.
Generally, levels of AIC per capita are more homogeneous than those of GDP but
still there are substantial differences between the Member States. In 2012, AIC
per capita expressed in PPS ranged between 48% of the EU average in Romania to
141% in Luxembourg.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).