Global Analysis from the European Perspective. Preparing for the world of tomorrow

Czech Republic overtakes Spain in GDP per capita

Nearly 20 years after Spaniards adopted the euro, there has been no convergence with Germany while Eastern European economies are edging closer. In the 1990s, the Czech Republic was emerging from communism and it was producing just two-thirds of the wealth that Spain was. But in three decades, it has managed to beat the Spanish economy in terms of GDP per capita at PPP (or gross domestic product per person at purchasing power parity. Source El Pais

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