Warsaw is the wealthiest city in Poland – according to the latest GfK Purchasing Power Europe study. Warsaw residents are richer than the inhabitants of Prague or Budapest. It turned out that the purchasing power of an average resident of the capital is 13,150 euros per year, which from the study shows that they can spend more on food, housing, holidays and other entertainment. This is good news for Warsaw residents, but what about the rest of the country? As we read in the report, the inhabitants of Warsaw have 73% more money for consumer purchases than the national average.
Every year, the GfK Institute publishes the GfK Purchasing Power Europe survey, in which it checks the purchasing power of European residents . However, let ‘s start with the definition of purchasing power to know exactly what is being said. Purchasing power is nothing more than disposable income per resident net of taxes and social security and health insurance contributions, including any state benefits. This means that we use the overall purchasing power to cover expenses such as food, housing, services, energy, holidays, public transport , car fuel and shopping.
Warsaw is wealthier than Prague and Budapest
The average purchasing power in Poland in 2019 is about 7589 euros, which puts our country in the twenty-ninth place in European rankings. This result is better than a year ago , because in 2018 the purchasing power was exactly 7,228 euros. However, there is no reason to be satisfied – the purchasing power of an average European is up to 14,739 euros per year.
Warsaw ranks high with purchasing power per person of EUR 13,150, which is a really good result compared to, among others Prague or Budapest. In the Czech capital, residents for food, clothing, housing, going out to restaurants or holidays have 12,935 euros at their disposal, while in the second of these cities 9,230 euros a year. Those living and working in Warsaw have 73% more money for shopping than the national average.
Warsaw is therefore the wealthiest city in Poland, the residents of the capital have reason to be satisfied, but the contrast between their earnings and the salaries of the rest of the country is alarming. For comparison: according to GfK, the poorest Poles live in Szydłowiec (a city in the southern part of the Mazowieckie Voivodeship). In this city, the purchasing power per person is only 4 824 euros. This means that the inhabitants of the poorest city in Poland have just over a third of the money available to the inhabitants of wealthy Warsaw.
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