Cyprus Shows Slight Income Inequality Above EU Average
In 2022, the median equivalised disposable income in the EU was 18 706 purchasing power standards (PPS) per inhabitant, increasing from 18 011 PPS recorded in 2021.
Cyprus recorded a PPS slightly above the EU average, at 19 719 PPS.
At the national level, the EU countries with the highest median disposable incomes in 2022 were Luxembourg (33 214 PPS), the Netherlands (25 437 PPS), Austria (25 119 PPS), Belgium (24 142 PPS), Denmark (23 244 PPS) and Germany (23 197 PPS).
In contrast, Bulgaria (9 671 PPS), Slovakia (9 826 PPS), Romania (10 033 PPS), Hungary (10 217 PPS), and Greece (10 841 PPS) reported the lowest values.
The median equivalised disposable income, expressed in the PPS, accounts for income distribution as well as household size and composition. The unit PPS considers the price-level variations, ensuring comparability across countries.
(With information from Eurostat)