News Local Cyprus GDP per capita at 81% of EU regional average in 2018

Cyprus GDP per capita at 81% of EU regional average in 2018

Regional GDP per capita ranged from 30% to 263% of the EU average in 2018, according to data released today by Eurostat, the statistical service of the EU. In 2018, regional GDP per capita, expressed in terms of purchasing power standards (PPS), ranged from 30% of the European Union (EU) average in Mayotte, an overseas region of France, to 263% in Luxembourg.

Cyprus (one single region for the EU) had a GDP of 21.138 billion Euro in 2018, or 0.2% of the EU27 GDP. The GDP per capita in Cyprus was 24 300 Euro, or  27 100 expressed in PPS (81% and 90% of the EU average, or 85% per person employed).

According to Eurostat, the leading regions in the ranking of regional GDP per capita in 2018, after Luxembourg (263% of the EU average), were Southern (225%) and Eastern & Midland (210%) in Ireland, Brussels Region (203%) in Belgium, Hamburg in Germany (197%) and Prague in Czechia (192%). The 39 EU regions with GDP per capita equal to or above 128% of the EU average account for 20% of the EU’s population and 32% of the EU’s GDP in PPS.

In contrast, after the overseas region of France Mayotte (30% of the EU average), the lowest regions in the ranking were three Bulgarian regions: North-West (34%), North-Central (35%) and South-Central (36%). In the case of Mayotte the low GDP per capita is mainly explained by demographic factors, since 42% of the population is less than 15 years old. The 57 EU regions with GDP per capita equal to or below 67% of the EU average account for 21% of the EU’s population and 12% of the EU’s GDP in PPS. The other three groups of regions depicted in the map, with GDP per capita from 105 to 127, 84 to 104 and 68 to 83 of the EU average represent 25%, 18% and 14% respectively of EU GDP in PPS.

In 2018, regional GDP per person employed, expressed in terms of purchasing power standards, ranged from 35% of the European Union (EU) average in South-Central in Bulgaria, to 235% of the average in Southern in Ireland. After Southern (235% of the average) and Eastern & Midland (205%) in Ireland, the leading regions in the ranking of regional GDP per person employed in 2018, were Luxembourg (165%), Brussels Region (161%) in Belgium, Île de France in France (158%) and three regions in Belgium: Walloon Brabant (157%), Flemish Brabant (144%) and Antwerp (143%).

In 2018, among regions where GDP per capita was higher than GDP per person employed, the largest differences were observed in Luxembourg (263% of the EU average compared to 165%), ahead of Prague (192% compared to 121%) in Czechia and Budapest (145% compared to 75%) in Hungary.

(Cyprus News Agency)

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