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Price level index for alcoholic beverages in the Europe in 2018, by country

In 2018, alcoholic beverages were most expensive in Iceland. Compared to European Union (EU-28), which was set at 100 points as the baseline for the index, Iceland scored 267.8 points on the price level index. The country in the European Union with the most expensive alcohol was Finland at 181.6 index points. The country also levied the highest excise duty on alcoholic products.

Price level index for alcoholic beverages in the European Union (EU-28) and other European countries in 2018*

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Source

Release date

April 2020

Region

Europe, EU

Survey time period

2018

Supplementary notes

* Kosovo was excluded from the ranking due to no available data for 2018.
The index is set at 100 index points for the EU-28 including the United Kingdom.
The source notes: "Purchasing power parities (PPPs) are indicators of price level differences across countries. PPPs tell us how many currency units a given quantity of goods and services costs in different countries. PPPs can thus be used as currency conversion rates to convert expenditures expressed in national currencies into an artificial common currency (the Purchasing Power Standard, PPS), eliminating the effect of price level differences across countries.
The main use of PPPs is to convert national accounts aggregates, like the Gross Domestic Product (GDP) of different countries, into comparable volume aggregates. Applying nominal exchange rates in this process would overestimate the GDP of countries with high price levels relative to countries with low price levels. The use of PPPs ensures that the GDP of all countries is valued at a uniform price level and thus reflects only differences in the actual volume of the economy.
PPPs are also applied in analyses of relative price levels across countries. For this purpose, the PPPs are divided by the current nominal exchange rate to obtain a price level index (PLI) which expresses the price level of a given country relative to another, or relative to a group of countries like the EU Member States."

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Statistics on "Alko in Finland"

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