Thursday, 16 December 2021
ZAGREB, 16 December, 2021 - The standard of living in Croatia was almost one-third lower than the EU average in 2020, and living standards were lower only in Bulgaria, shows the latest report by Eurostat, released on Wednesday. Eurostat measures living standards by actual individual consumption per capita (AIC), which consists of the goods and services actually consumed by individuals, irrespective of whether these goods and services are purchased and paid for by Households, by Government or by Non-Profit Institutions Serving Households (NPISH). AIC is expressed in purchasing power standards, an artificial currency that eliminates differences in prices between countries. In 2020, the highest…