Prague is the sixth most developed region in the European Union, based on GDP per capita calculated in purchasing power parity, Prague.tv writes. 

Luxembourg was in first place, followed by Hamburg, Brussels, the Bratislava region and London in fifth place, according to the Czech Statistical Office (ČSÚ), citing Eurostat research from 2015. Prague comes in ahead of Upper Bavaria, Paris and Stockholm in a list of the top nine regions.

“Prague looks very good in terms of its economic performance. It has maintained this position for a long time and is basically at the level of London,” ČSÚ Vice-President Marek Rojíček said in a press release.

“A comparison of regional data from 1996 to 2016 has confirmed that the regions with a predominant share of services and production with higher added value are doing better. This results in faster wage growth and living standards,” Rojíček said.

Read full article by Prague.tv based on CSU/Eurostat data.