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.
The stock-market sell-off that followed Facebook’s disappointing results and outlook last month, resulted in the biggest single-day market cap loss a U.S. company has ever suffered.
That was enough to shave nearly $120 billion off Facebook's market capitalization, dwarfing the $90 billion loss that Intel had suffered at the height of the dot.com crisis in the fall of 2000. Before you start feeling sorry for Facebook shareholders though, here’s a bit of context: before the big sell-off started, the company’s shares had closed at an all-time high of $217.50, and the current price is still 15 percent above the 12-month-low reached in late March.
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