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Cyprus has largest purchasing power among acceding countries
2003-12-22 10:58:29

By Nicos Bellos

Brussels, Dec 19 (CNA) - The purchasing power of the residents of Cyprus is the largest among the ten acceding countries, according to a Eurostat report published today.

According to community figures, the per capita gross domestic product in Cyprus, expressed in purchasing power parities, reached 76% of the average community member, at the end of 2002. It was seven percent higher than Malta and Slovenia, which follow in the list of acceding countries.

The European Commission, in grouping the 25 EU states according to their performance, has placed Cyprus together with Spain in the fourth category which records between 51-75% of EU 15 average while Greece is in the fifth category.

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