Cyprus ranked among the top household consumers in the EU, with per capita expenditure reaching 21,879 PPS in 2024, according to a recent Eurostat survey that compared household consumption across member states using purchasing power standards (PPS).

The survey, which evaluates material well-being through real consumption per capita adjusted for price differences across countries, revealed that Luxembourg topped the list with a staggering 28,731 PPS per inhabitant.

Following Luxembourg, the highest levels of average household expenditure were recorded in Ireland (23,534 PPS), Belgium (23,437 PPS), Germany (23,333 PPS), Austria (23,094 PPS), the Netherlands (22,805 PPS), Denmark (22,078 PPS), Italy (21,986 PPS), and Cyprus (21,879 PPS).

By contrast, the lowest levels of household spending per capita were observed in Hungary (14,621 PPS) and Bulgaria (15,025 PPS), while Greece stood at 18,752 PPS and Portugal at 19,328 PPS.

Other notable figures included France (20,462 PPS), Finland (20,158 PPS), Lithuania (19,261 PPS), Malta (19,622 PPS), Slovenia (18,269 PPS), Slovakia (17,233 PPS), Latvia (16,461 PPS), Estonia (16,209 PPS), and the Czech Republic (16,757 PPS).

Interestingly, Spain was listed with a figure of just 10,899 PPS, which may require further clarification.

Looking at trends over time, Eurostat’s analysis of real consumer spending in euros (adjusted through a chain-linked volume index) from 2019 to 2024 showed the fastest growth in Croatia, Bulgaria, and Romania, each recording average annual increases of at least 3.8 per cent.

Meanwhile, five EU countries registered a decline in household consumption per capita, with the Czech Republic seeing the steepest fall at an average of 1.3 per cent per year.