Cyprus recorded a gross domestic product (GDP) per capita slightly below the European Union average in 2024, with purchasing power at 95% of the EU mean, according to data released by Eurostat.
The figures highlight persistent economic disparities across the 27-member bloc, with only ten countries – representing approximately 34% of the EU population – exceeding the average GDP per capita expressed in purchasing power standards.
Luxembourg registered by far the highest GDP per capita among EU member states at 141% above the EU average, followed by Ireland at 111% above average, and the Netherlands and Denmark both exceeding the EU benchmark by more than 20%.
Cyprus joined France, Italy, Spain, Czech Republic and Slovenia in a group of countries falling less than 10% below the EU average, while Greece ranked second-to-last with a GDP per capita at just 70% of the EU mean.
The data reveals significant variations in GDP per capita across EU member states when expressed in purchasing power standards, highlighting continuing inequalities in citizens’ living standards.
Lithuania and Portugal recorded figures between 10% and 20% below the EU average, while Estonia, Poland, Romania, Croatia, Hungary, Slovakia and Latvia were all more than 20% below.
Bulgaria ranked last among EU countries, with a GDP per capita 34% below the EU average, according to the Eurostat findings.
The data showed that the average purchasing power in the Eurozone stood at 104% of the broader EU average.
