The Average Purchasing Power of Europeans in 2022 Is €16,344
The average per capita purchasing power in Europe in 2022 is €16,344. However, there are tremendous differences among the 42 countries.
For the first time in three years Microsoft surpassed Google’s parent company Alphabet in market capitalization. Microsoft’s market cap stood at $753 billion compared to Alphabet’s $742 billion.
While both companies’ share prices declined amid fears about Italy’s political and debt crisis, Alphabet’s shares took a larger hit, enabling Microsoft to become the third most valuable company in the world once again. The first two spots are taken by Amazon and Apple, with the latter a clear frontrunner in the unofficial race to become the first trillion-dollar company.
As our chart illustrates, Apple has been in the lead for a while even though its stock price has seen the strongest ups and downs over the past decade. Amazon meanwhile has been on a remarkable run for years which led to its market capitalization ballooning from $34 billion in May 2009 to $783 billion today.
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