Moldova is the poorest country in Europe; Lichtenstein, the richest
Moldova was ranked the poorest country in Europe with the weakest purchasing power on the continent. A recent German study analyzed the regional differences in terms of purchasing power among 42 European countries. The GfK Geo Marketing survey analyzed the individual income after paying taxes.
Lichtenstein is the country to score the highest level in Europe. An income of 57,000 Euro per capita a year is gained by the people living in this small country. Norway ranks second. The third highest purchasing power per capita is registered in Switzerland.
The study revealed that the people of Moldova, Belarus and Kosovo are at the end of the scale. The countries have less than 2,000 Euro per capita.
“Moldovans have an average disposable income of €1,257 per capita,” GfK Geo Marketing has learned. “This needs to cover all spending on food, accommodation and services as well as any other spending. It is not even a tenth of the European average.”
Within the international press Moldova was repeatedly called the poorest country in Europe, although no concrete evidence was available.
The wages in Moldova are among the lowest in Europe. Dealing with such economic difficulties, many Moldovans choose to go abroad and find work. Some datasets show that almost one million of citizens of Moldova immigrated in other countries for work-related reasons.