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Actual Individual Consumption per capita in Cyprus at 90% of EU average

Actual Individual Consumption per capita in Cyprus (AIC – a measure used by Eurostat to count material welfare of households) stood at 90 per cent, while Gross Domestic Product (GDP) per capita reached 81 per cent for the year 2015 (EU average being at 100 per cent).

Based on first preliminary estimates for 2015, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 51 per cent to 137 per cent of the European Union (EU) average across the Member States.

Ten Member States recorded AIC per capita above the EU average in 2015. The highest level in the EU was recorded in Luxembourg, 37 per cent above the EU average. Germany was nearly 25 per cent above, followed by Austria, the United Kingdom, Denmark, Finland, Belgium, France, the Netherlands and Sweden which all recorded levels between 10 per cent and 20 per cent above the EU average.

AIC per capita for twelve Member States lay between the EU average and 30 per cent below. In Italy, Ireland and Cyprus the levels were 10 per cent or less below the EU average, while Spain, Portugal, Lithuania, Greece and Malta were between 10 per cent and 20 per cent below. Slovakia, the Czech Republic, Poland and Slovenia were between 20 per cent and 30 per cent below the average. Six Member States recorded AIC per capita more than 30 per cent below the EU average. Estonia, Latvia and Hungary were between 30 per cent and 40 per cent below, while Croatia and Romania had AIC per capita just over 40 per cent below the EU average and Bulgaria was around 50 per cent below. These figures for Actual Individual Consumption per capita, expressed in PPS, are published by Eurostat, the statistical office of the European Union.

Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. In 2015, GDP per capita expressed in PPS ranged between 46 per cent of the EU average in Bulgaria to 271 per cent in Luxembourg . Eleven Member States recorded a level of GDP per capita above the EU average in 2015.

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