Cyprus’s per capita GDP in terms of purchasing power parity (PPP) stood at 95% of the European Union average in 2024, according to preliminary Eurostat data. The figure represents a slight decline from 97% in 2023, placing the island just below the EU benchmark of 100 and the eurozone average of 104.

The data highlights significant disparities in living standards across the EU. While Cyprus maintains a position close to other southern and peripheral economies like France, Spain, and Italy, its purchasing power remains below that of wealthier northern nations.

Eurostat's analysis reveals stark contrasts in per capita GDP when adjusted for purchasing power. Luxembourg leads by a wide margin at 241% of the EU average, followed by Ireland at 211%. The Netherlands (135%), Denmark (128%), and Belgium (117%) also perform well above the bloc’s average.

On the opposite end of the spectrum, Bulgaria ranks last at just 66% of the EU average, followed by Greece at 70% and Latvia at 71%.

Other countries falling below the EU average include Portugal, Lithuania, Estonia, Poland, Romania, and several Central and Eastern European nations.