Regional GDP per capita ranges from 29% to 611% of the EU average in 2016, at 83% in Cyprus

_: In 2016, regional GDP per capita, expressed in terms of purchasing power standards, ranged from 29% of the European Union (EU) average in the Bulgarian region of Severozapaden, to 611% of the average in Inner London – West in the United Kingdom, according to Eurostat, the statistical office of the EU.

According to Eurostat, the leading regions in the ranking of regional GDP per capita in 2016, after Inner London – West in the United Kingdom (611% of the average), were the Grand Duchy of Luxembourg (257%), Southern and Eastern in Ireland (217%), Brussels in Belgium and Hamburg in Germany (both at 200%).

There were 19 regions with GDP per capita 50% or more above the EU average in 2016: five were in Germany, three in the United Kingdom, two in Austria, one each in Belgium, the Czech Republic, Denmark, Ireland, France, the Netherlands, Slovakia and Sweden, as well as the Grand Duchy of Luxembourg.

After Severozapaden in Bulgaria (29% of the average), the lowest regions in the ranking were Mayotte in France (33%), Severen tsentralen and Yuzhen tsentralen in Bulgaria (both 34%) and Nord-Est in Romania (36%).

Among the 21 regions with GDP per capita below 50% of the EU average, five were in Bulgaria and Poland, four in Hungary, three in Romania and Greece and one in France.

Cyprus is considered to be one, single europen region and in these terms its GDP was 18.123 billion euro in 2016 and the GDP per capita stood at 21 300 euro (24 100 euro expressed in PPS at 83% of the EU average).

Meanwhile, according to Eurostat Euro area annual inflation is expected to be 1.2% in February 2018, down from 1.3% in January 2018. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in February (2.1%, compared with 2.2% in January), followed by services (1.3%, compared with 1.2% in January), food, alcohol and tobacco (1.1%, compared with 1.9% in January) and non-energy industrial goods (0.7%, compared with 0.6% in January).

Source: Cyprus News Agency