News Local Eurostat: One in two Cypriots cannot afford annual holiday away from home

Eurostat: One in two Cypriots cannot afford annual holiday away from home

One in two people in Cyprus cannot afford to take a one-week annual holiday away from home according to provisional figures for 2018 published by Eurostat on Wednesday.

This is the third highest rate in the EU — after Romania (58.9%) and Croatia (51.3%). Greece was also at 51%.

For many people in the European Union (EU), summer means holidays and travel, Eurostat said.

However, it is estimated that 28.3% of the EU population aged 16 or over could not afford a one-week annual holiday away from home in 2018. In 2013 the corresponding proportion was 39.5%.

Among the 28 EU Member States, the countries with the highest proportions of individuals in this situation were Romania (58.9%), Croatia (51.3%, provisional data), Greece (51%) and Cyprus (51.0%, provisional data).

In contrast, the EU Member States with the lowest percentage of people unable to afford a one week annual holiday in 2018 were Luxembourg (10.9%, 2017 data) and Sweden (9.7%).

Over the last five years, the largest falls in the proportion unable to afford a one-week annual holiday away from home were in Bulgaria (down 35.8 percentage points since 2013 to 30.5% in 2018) and in Poland (down 26 percentage points  since 2013 to 34.6% in 2018).

Greece was the only EU Member State in which the proportion increased over the same five-year period, up 2 percentage points to 51.0% in 2018.

In Cyprus, the proportion is down from a high of 58.9% in 2014 but is up from from the 10 year low of 44.7% in 2009.

The source dataset is Eurostat table ilc_mdes02.

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