Actual Individual Consumption expressed in Purchasing Power Standards in Cyprus stood at 94%

Actual Individual Consumption (AIC, a measure of material welfare of households) expressed in Purchasing Power Standards (PPS) varied from 56% of the European Union (EU) average in Bulgaria to 134% in Luxembourg. In Cyprus this rate was 94%.

Ten Member States recorded AIC per capita above the EU average in 2018. The highest level in the EU was recorded in Luxembourg, 34% above the EU average, ahead of Germany (20% above). They were followed by Austria, Denmark, Belgium, the Netherlands, the United Kingdom, Finland, Sweden and France with levels of 7 to 17% above the EU average.

AIC per capita for 14 Member States lay between the EU average and 30% below. In Italy, Ireland, Cyprus and Spain the levels were 10% or less below the EU average, while Lithuania, Portugal, the Czech Republic and Malta were between 10% and 20% below. Slovenia, Greece, Poland, Estonia

Source: Cyprus News Agency