Cyprus spending power at average EU level

CYPRUS’ Gross Domestic Product (GDP) per inhabitant in purchasing power standards (PPS) reached 96 points in 2008, with 100 points being the EU27 average.

According to Eurostat, GDP per inhabitant in the Member States ranged from 41 per cent to 276 per cent of the EU27 average in 2008.

In 2008, GDP per inhabitant in Luxembourg, expressed in purchasing power standards (PPS), was more than two and a half times the EU27 average, while Ireland and the Netherlands recorded levels about one third above average.

France, Spain and Italy registered GDP per inhabitant between 0 and 10 per cent above the EU27 average, while Cyprus, Greece and Slovenia were between 0 and 10 per cent below the average.

Austria, Denmark, Sweden, Finland, Germany, the United Kingdom and Belgium were between 15 and 25 per cent above the EU27 average.

The Czech Republic, Malta, Portugal, and Slovakia were between 20 and 30 per cent lower than the EU27 average.

Estonia, Hungary, Lithuania, Latvia and Poland were between 30 and 50 per cent lower, while Romania and Bulgaria were between 50 and 60 per cent below the EU27 average.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.