The Turkish Statistical Institute (TÜİK) published its news bulletin titled “Purchasing Power Parity (Temporary Results)” for the year 2022. The bulletin stated that purchasing power parity (PPP) eliminates price level differences between countries and enables real price and volume comparisons to be made.
According to the provisional results for 2022, the per capita gross domestic product (GDP) index was calculated as 69 for Turkey, according to the PPP announced by the European Union Statistics Office (Eurostat). This value was 31 percent below the average of 27 European Union countries. Among the 36 countries included in the comparison, Luxembourg had the highest GDP per capita index with 261, and Albania had the lowest with 34. Luxembourg is 161 percent above the EU average, while Albania is below 66 percent.
In the same bulletin of TURKSTAT, the actual individual consumption level per capita was also shared. According to the actual individual consumption index per capita, Turkey’s value was calculated as 80 and was 20 percent below the average of 27 EU countries. Among the 36 countries included in the comparison, Luxembourg had the highest value with 138 and Albania had the lowest value with 40.
In addition, the price level index was also part of the aforementioned bulletin. According to the provisional results of 2022, the price level index for Turkey’s actual individual consumption was 36. This value showed that the same basket of goods and services purchased for 100 Euros across EU countries can be purchased in Turkey for 36 Euros in Turkish Lira.
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