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Germans' purchasing power to rise by 1.7 pct in 2017: GfK

Xinhua, December 7, 2016 Adjust font size:

Germans' per-capita purchasing power will increase by 1.7 percent to 22,239 euros (23,831 dollars), market research institute GfK reported on Tuesday.

According to the findings of the 2017 GfK purchasing power study, the total purchasing power for Germans in the coming year is forecast to be 1827.5 billion euros (1958.4 billion dollars), which corresponds to a nominal increase of 2.9 percent than that in 2016.

Purchasing power is a measure of the population's disposable net income, including pension payments, unemployment assistance and child benefit.

In addition, the list of Germany's top ten districts with the highest per-capita purchasing power is mostly unchanged from last year.

The rural district of Starnberg in south Germany, with 32,194 euros per person, remains Germany's district with the highest per-capita purchasing power, the Nuremberg-based institute said.

GfK purchasing power is defined as the sum of the net income of the population, measured at the place of residence. (1 euro=1.07 U.S. dollars) Endit