Crisis slows incomes down

Eurostat published last week the well-being figures for 27 EU member countries, including the economies under integration process.

According to Eurostat, the per capita income for Albania in 2010 stopped at the same level as in 2009, based on the buying power standard, which is 28% of the EU average. The per capita income of the Albanians increased with 2% of the EU average, according to Eurostat.

But this growth seems connected with the fact that the EU countries entered in recession that year, and their producing rate shrank with 4.3%. As soon as the EU economy left the first wave of the crisis behind, the relative per capita income for Albania stopped growing in 2010.

Albania is the poorest of the 34 European countries that are EU members or under integration process, with incomes that mount at only 28% of the EU average. The next ranking belongs to Bosnia, with 31% and then Serbia, with 35% per capita income of the EU average, growing with 1% each year.

If these rates will continue even in the future, the Albanians have hopes to be as rich as the Europeans after 70 years, in 2082.

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