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Cyprus GDP Per Inhabitant Nears €37,100 as It Approaches EU Average

by THEFUTURE.TEAM
October 21, 2025

Robust Economic Performance in Cyprus

Recent Eurostat data reveals that Cyprus achieved a GDP per inhabitant of €37,100 in 2023 when measured in purchasing power standards (PPS). This performance places the island near the EU average of €38,100, underscoring its position close to the economic center of the bloc.

Comparative Analysis Among Southern European Economies

In the competitive landscape of southern Europe, Cyprus outperformed economies such as Greece (€26,400), Portugal (€30,700), and Spain (€34,500). The island’s economic output is nearly on par with Italy (€37,500) while trailing slightly behind Malta (€40,900). Meanwhile, nations like Croatia (€29,000) and Slovakia (€28,100) recorded notably lower figures.

Leading Regions and High-Income Urban Areas

Across the European Union, the highest GDP per inhabitant levels were recorded by the Irish regions of Dublin (€139,500 PPS) and South-West (€137,300 PPS), while iconic urban centers like Paris, Hauts-de-Seine, and Groot-Amsterdam followed closely. Additional powerhouses in urban income include regions in Ireland, Luxembourg City, Copenhagen, Stockholm, and Brussels-Capital Region, alongside key German and Swiss cities including Munich, Hamburg, Frankfurt, Vienna, and Zurich.

Country-Level Performance and European Trends

At the national level, Luxembourg (€90,300) and Ireland (€81,200) emerged as the wealthiest EU members, with the Netherlands (€50,800), Denmark (€47,800), and Austria (€45,700) consolidating their strong economic status. Other EU countries, including Belgium, Germany, and France, maintained competitive positions ahead of Sweden and Finland. Across the broader European region, non-EU economies such as Norway (€56,300) and Iceland (€55,900) also showcased high GDP per inhabitant values.

Challenges in Central and Eastern Europe

In contrast, central and eastern European economies continue to face income challenges. Czechia and Slovenia, at €34,500 and €35,000 respectively, were closest to the EU average, while Poland, Hungary, Romania, and Bulgaria lagged significantly behind. In the Baltic states, Estonia outperformed Latvia and Lithuania but overall remained below their western counterparts.

Regional Disparities and Economic Outliers

Within the lower-income brackets of Europe, some regions, including Haskovo and Silistra in Bulgaria and Nord-Est in Romania, registered some of the lowest GDP per inhabitant figures in the Union. Notably, the French outermost region of Mayotte recorded the lowest in Europe at €10,500 PPS, with territories such as Guadeloupe, Martinique, and Reunion also well below the EU’s average.

European Central Bank Report Highlights Stable Inflation and Economic Outlook

by THEFUTURE.TEAM
October 29, 2025

Overview Of Inflation Trends

The latest European Central Bank survey shows a slight decline in median inflation expectations over the next 12 months, decreasing from 2.8% in August to 2.7% in September. Despite this minor adjustment, consumer perceptions of past 12-month inflation have held steady at 3.1% for the eighth consecutive month. Long-term projections for three- and five-year inflation remain stable at 2.5% and 2.2% respectively.

Consumer Expectations Drive Income And Spending Projections

Across the board, expectations for nominal income growth over the upcoming year have remained consistent at 1.1%. However, there is a noticeable shift in spending behavior: while perceived nominal spending growth for the past year slipped slightly to 4.9% from 5.0%, expectations for spending growth over the next 12 months rose to 3.5%. Notably, lower income groups continue to forecast marginally higher spending increases compared to their higher income counterparts.

Stability In Economic And Labour Market Outlook

Economic growth expectations are modestly pessimistic, with respondents forecasting a contraction of -1.2% over the next 12 months. Concurrently, anticipated unemployment levels remain unchanged at 10.7% a year ahead, though the outlook varies by income, with lower income households expecting unemployment rates as high as 12.7%, while higher income groups maintain expectations around 9.4%. Overall, the slight difference between current and future unemployment suggests a broadly stable labor market outlook.

Housing Market And Credit Conditions

The survey also reveals an upswing in expectations related to the housing market. Home price growth expectations have edged higher to 3.5%, and anticipated mortgage interest rates have risen modestly to 4.6%. Similar to other metrics, expectations vary by income, with lower income households expecting higher mortgage rates. In recent months, a marginal decline in reported credit tightening over the past 12 months contrasts with a renewed forecast of tighter credit conditions in the forthcoming year.

Conclusion

The ECB’s latest findings underscore the delicate balance between stable long-term economic forecasts and short-term adjustments in consumer expectations. The slight dips in inflation expectations, alongside stable perceptions of past inflation, delineate a marketplace that is both cautious and measured. As income, spending, and housing market metrics continue to evolve, these indicators provide critical insights for policymakers and investors navigating an increasingly complex economic landscape.

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