Eurostat reports flawed data on relative size of Slovak economy

Slovakia is supplying Eurostat with incorrect data, especially on housing stock and rents, and Eurostat is thus reporting flawed data on purchasing power parity and the relative size of the Slovak economy, according to a study by the Institute of Social Policy at the Labor Ministry. The study puts the Slovak economy at 71% of the EU average in 2022, while Eurostat reports 68% (GDP per capita at purchasing power parity). Eurostat reports that Slovak households have the lowest net earnings in the union, while the study found them higher than in Croatia and Bulgaria. However, the study confirms that Slovakia stopped catching up with the living standards of Western Europe after 2015, partially because of the incompetent policies of the Smer governments.

(sita.sk)