For their hundred euros, a German receives goods and services worth 143 euros in Croatia, according to an analysis based on data from Eurostat, the OECD, and Bloomberg conducted by the German newspaper Die Welt.
Večernji list reports that for a loaf of bread that costs one euro in Germany, a German can get almost one and a half loaves in Croatia. Just like in Croatia, one ‘German’ euro is also worth the same in Turkey.
Croatia compares favorably against its biggest tourist competitors, Spain, Portugal, Greece, and Italy. Even the significant debt crisis in these Eurozone countries has not lowered the prices of goods and services to make them more competitive than those in Croatia. The most expensive Mediterranean destination for Germans is Italy.
There, Germans receive as much for a hundred euros as they would pay only 97 euros in Germany. An average German will fare slightly better in Spain than in Italy. There, one of his euros is worth five percent more than in Germany.
Greece is a country where the debt crisis has caused a real economic and social disaster. This is now reflected in prices. A hundred ‘German’ euros were worth approximately the same in Greece before the crisis. However, the situation has now changed significantly. Now, for 100 euros, a German receives as much in Greece as he would have to pay 125 euros in his own country. The same is true in Portugal.
Due to the constant devaluations of these currencies, Germans have been able to vacation affordably in Spain and Portugal with their strong mark, highlights Die Welt. Germans will receive less for their money in Austria (four percent less), France (seven percent), and Finland (as much as 17 percent) than in Germany. Looking beyond Eurozone countries, Norway is the most expensive for Germans – there, their 100 euros are truly worth only 65 euros.
