Massive Gap in Purchasing Power

BusinessEconomy ♦ Published: May 21, 2012; 10:24 ♦ (Vindobona)

Purchasing Power Parities 2012: Higher travel costs for overseas destinations; Austrians' purchasing power 40–70% above the level in Slovakia, Czech Republic and Hungary.

Massive Gap in Purchasing Power / Picture: ©

Austrian tourists gain best value for their money in the East European EU countries. This was confirmed by Statistics Austria' s latest calculations of purchasing power parities: € 100 spent in Romania, Bulgaria, Hungary, Slovakia and Czech Republic buy goods and services worth about € 150 and more. In Croatia – an important tourist destination – Austrian travellers gain € 120…