News Local Consumption per capita in Cyprus at 95% of EU average

Consumption per capita in Cyprus at 95% of EU average

 

Actual Individual Consumption (AIC – measure of material welfare of households) expressed in Purchasing Power Standards (PPS) ranged from 59% to 135% of the EU average across the 27 Member States, according to data released today by Eurostat.

In Cyprus the Actual Individual Consumption (AIC) per capita was 95%. GDP per capita was 89% expressed in PPS in 2019.

Nine Member States recorded AIC per capita above the EU average in 2019. The highest level in the EU was recorded in Luxembourg, 35% above the EU average. Germany was around 23% above, followed by Austria, Denmark, Belgium, the Netherlands, Finland, Sweden and France, which all recorded levels between 5% and 20% above the EU average.

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

Six Member States recorded AIC per capita 25% or more below the EU average. Estonia was 25% below, Slovakia, Latvia, Hungary and Croatia between 25% and 35% below, while Bulgaria had AIC per capita 41% below the EU average.

Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. In 2019, GDP per capita expressed in PPS ranged between 53% of the EU average in Bulgaria and 261% in Luxembourg. Ten Member States recorded a level of GDP per capita above the EU average in 2019.

(CNA)

Top Stories

43 new cases of COVID-19 on Monday

The Health Ministry announced 43 new COVID-19 cases on 19 October, out of 2,558 laboratory tests, taking confirmed infections to 2, 687. The break-down of...

1420 only for emergencies regarding COVID-19

Due to the increased number of telephone calls to the telephone center 1420 of the Ambulance Service, it is pointed out that the center...

Anastasiades-Tatar to meet in UN premises

Cyprus President Nicos Anastasiades and the new leader of the Turkish Cypriot community, Ersin Tatar, will meet in the UN premises in Nicosia. Government Spokesman,...

Four people sentenced to imprisonment for abduction

The Larnaca District Court today sentenced four people aged 42, 22, 24, and 19 to imprisonment for abducting a 27-year old last August in...

Weather expected to be cloudy with local showers this week

The weather this week is expected to be cloudy with local showers, mainly in the afternoons. Partly cloudy on Tuesday with isolated showers and possible...

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...