Cyprus Mail
Business

Cyprus contributes 0.2% of the EU’s GDP

Cyprus produced 0.2 per cent of the EU’s gross domestic product (GDP) in 2019, statistics released by Eurostat on Friday show.

In 2019, the GDP of the EU stood at €13,900 billion at current prices and in real terms, 17 per cent higher than its level one decade earlier.

Almost a quarter of the EU’s GDP (24.7 per cent) was generated by Germany, followed by France (17.4 per cent) and Italy (12.8 per cent), ahead of Spain (8.9 per cent) and the Netherlands (5.8 per cent). Greece contributed 1.3 per cent.

At the opposite end of the scale, ten EU member states contributed less than one per cent: Malta (which had the lowest share of EU GDP at 0.1 per cent), Estonia, Cyprus and Latvia (all 0.2 per cent), Lithuania and Slovenia (both 0.3 per cent), Bulgaria and Croatia (both 0.4 per cent), Luxembourg (0.5 per cent) and Slovakia (0.7 per cent).

The 19 EU member states that comprise the euro area had a combined GDP of €11,900 billion and accounted for 85.5 per cent of the EU’s GDP in 2019.

 

Related Posts

EU fines HSBC, Credit Suisse, others over ‘Sterling Lads’ forex cartel

Reuters News Service

Facebook could be sued by consumer groups, EU court adviser says

Reuters News Service

Erdogan picks low-rates champion as finance minister as Turkish lira skids

Reuters News Service

ExxonMobil, Qatar awarded Block 5 gas rights

George Psyllides

‘Yes to reforms, no to minimum wage’, Chamber of Commerce says

Kyriacos Nicolaou

Cyprus Business Now

Kyriacos Nicolaou