Southern Ireland recorded the highest regional GDP per capita in terms of purchasing power standards in 2022--286% of the EU average. Luxembourg was in second place, with GDP per capita standing at 257% of the EU average. Photo: Shutterstock

Southern Ireland recorded the highest regional GDP per capita in terms of purchasing power standards in 2022--286% of the EU average. Luxembourg was in second place, with GDP per capita standing at 257% of the EU average. Photo: Shutterstock

Southern Ireland and Luxembourg had the highest regional GDP per capita in terms of purchasing power standards in 2022, says the European Union’s statistics bureau Eurostat.

Regional GDP per capita in terms of purchasing power standards in 2022 was highest in Southern Ireland (286% of the EU average) and lowest in Mayotte, an overseas region in France located in the Indian Ocean, where GDP per capita was 30% of the EU average, said Eurostat in a .

Luxembourg (whose GDP per capita was 257% of the EU average), Eastern and Midland Ireland (247%), Praha in Czechia (207%) and the Belgian Région de Bruxelles Capital (196%), were amongst the regions with the highest GDP per capita.

In Luxembourg, Brussels and Praha, the high GDP per capita is partly thanks to a high inflow of commuting workers, while Southern, Eastern and Midland Ireland benefit from the domiciliation of major multinational companies.

Estonia, Cyprus, Latvia, Luxembourg and Malta are counted as single regions when broken down into detail. On a country level, Luxembourg tops the chart in terms of GDP per capita (257% of the EU average), while Ireland follows in second place (235%).

Increase across almost the entire EU

Almost all--231--of the European Union’s 242 regions saw an increase in real gross domestic product (GDP) in 2022, noted Eurostat. The regions with the biggest increase in GDP volume were: Algarve (+17.0%) and Região Autónoma da Madeira (+14.2%) in Portugal, the Southern region of Ireland (+13.5%), Illes Balears in Spain (+12.5%) and Province Brabant Wallon in Belgium (+10.9%).

The biggest drops, in the other hand, were seen in the Yugoiztochen (-3.1%) and Severozapaden (-1.7%) regions of Bulgaria, Corse in France (-1.2%) and Észak Magyarország in Hungary (-1.2%).

Luxembourg saw a 1.4% increase in its GDP volume in 2022 when compared to the previous year.