Insider Economy 2018 AIC per capita in Cyprus at 94%, GDP per capita at...

2018 AIC per capita in Cyprus at 94%, GDP per capita at 87% of EU average

Actual Individual Consumption (AIC) per capita– a measure of material welfare of households — in Cyprus reached 94% in 2018, according to data released today by Eurostat.

Cyprus’ GDP per capita reached 87% (where 100 is the EU average).

Based on first preliminary estimates for 2018, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 56% to 132% of the EU average across the Member States. Ten Member States recorded AIC per capita above the EU average in 2018.

The highest level in the EU was recorded in Luxembourg, 32% above the EU average. Germany was around 20% above, followed by Austria, Denmark, the United Kingdom, the Netherlands, Finland, Belgium, Sweden and France, which all recorded levels between around 5% and 15% above the EU average.

AIC per capita for 13 Member States was between the EU average and 25% below. In Italy, Cyprus, Ireland, Spain and Lithuania the levels were 10% or less below the EU average, while Czechia, Portugal and Malta were between 10% and 20% below and Poland, Slovenia, Slovakia and Greece between 20% and 25% below.

Six Member States recorded AIC per capita 25% or more below the EU average. Estonia was 26% below, Latvia and Romania were 30% below, while Hungary and Croatia had AIC per capita just under 40% below and Bulgaria was 44% below.

Meanwhile, in 2018, GDP per capita expressed in PPS ranged between 50% of the EU average in Bulgaria and 254% in Luxembourg. Eleven Member States recorded a level of GDP per capita above the EU average in 2018.

(Cyprus News Agency)

Top Stories

Yellow warning about thunderstorms as of tonight

The meteorological service issued yellow warning about isolated thunderstorms. The warning is valid as of 20:00 on Friday evening until 16:00 on Saturday. According to the...

EU needs to take decisions that will lead to real de-escalation by Turkey

The delayed moves which Turkey made some days ago to purportedly achieve de-escalation are not convincing, Greek Foreign Minister Nikos Dendias said on Friday, noting...

Clarifications about COVID-19 cases in Central Prisons.

In reply to reports about confirmed cases of COVID-19 among the staff and the inmates of the Central Prisons, the Department of Prisons issued...

Expert concerned about percentage of positive COVID-19 cases

The percentage of positive Covid-19 cases out of thousands of tests carried out in Cyprus on a daily basis is a source of concern...

Cyprus Shipping Chamber joins forces with global business network MACN

The Cyprus Shipping Chamber and the Maritime Anti-Corruption Network (MACN), signed recently a Memorandum of Cooperation (MoC),  with the aim to collaborate on the...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...