Filenews 28 March 2025 - by Theano Thiopoulou
Cyprus was slightly lower than the European Union average in 2024 in terms of gross domestic product (GDP) per capita, expressed in purchasing power units.
In short, the purchasing power of Cypriots stood at 95% of the European average (104 in the Eurozone and 100 in the EU), according to Eurostat data.
The survey records large divergences in GDP per capita between EU member states, when expressed on the basis of purchasing power, and highlights the inequalities that still exist within the EU in terms of citizens' living standards. In 2024, ten countries, representing around 34% of the EU's population, exceeded the EU average in terms of GDP per capita.
Greece is at the bottom and the penultimate one, with gross domestic product (GDP) per capita, expressed in purchasing power units, standing at 70% of the European average – i.e. 30% below it, according to Eurostat data.
Luxembourg has by far the highest GDP per capita among the 27 countries included in this comparison, 141% above the EU average. Ireland comes second among EU member states, with 111% above the EU average, followed by the Netherlands and Denmark, each with a GDP per capita above 20% above average.
Belgium, Austria, Germany, Sweden, Malta and Finland were the other EU Member States with GDP per capita above the EU average.
France, Italy, Cyprus, Spain, the Czech Republic and Slovenia were less than 10% below this average, followed by Lithuania and Portugal, with 10% to 20% lower. The GDP per capita of Estonia, Poland, Romania, Croatia, Hungary, Slovakia and Latvia was 30% lower than the EU average. Bulgaria recorded a GDP per capita of 34% below the EU average.
