Cyprus’s real GDP increased by 2% in 2024 compared with 2023, according to data published by the European Statistical Office (Eurostat). Cyprus’ GDP per capita, expressed in purchasing power standards (PPS), stood at 98.9% of the European Union average.
Across the EU, real GDP increased in 169 regions, while 64 regions recorded a decline compared with 2023.
The largest rise in real GDP was recorded in Bulgaria’s South Central region (+11.6%), followed by Eastern and Midland in Ireland (+8.5%), Bulgaria’s North Central region (+8.4%), Malta (+7.0%) and Mayotte, an overseas region of France (+6.2%).
The largest decline was recorded in Bulgaria’s Southeast region (-12.7%), followed by Southern Ireland (-5.5%) and La Réunion, an overseas region of France (-3.7%). A 3.6% decrease was also observed in Northwest Ireland and Austria’s Carinthia region.
At the regional level, GDP per capita in PPS ranged from 30.1% of the EU average in Mayotte to 268.3% in Eastern and Midland, Ireland. After the Irish region, Luxembourg followed (244.6%) and Southern Ireland (216.6%). Next in the ranking were Hamburg, Germany (196.1%) and Prague, Czechia (191.8%).
At the lower end of the scale, beyond Mayotte, were French Guiana (40.8% of the EU average), Bulgaria’s Northwest region (41.7%), the North Aegean in Greece (42.1%) and Bulgaria’s North Central region (43.3%).
(Source: CNA)
