Eurostat: 32% in Cyprus can't cover surprise costs
Just under a third of people in Cyprus could not handle an unexpected expense in 2025, Eurostat reports — down from 34.8% a year earlier but still above the EU average.
Roughly 32 per cent of Cyprus residents would have struggled to pay for an unforeseen expense in 2025, according to figures released by Eurostat on Wednesday. That is below the 34.8 per cent of 2024 and far from the 46.7 per cent seen in 2019, the agency's data show.
The island still sits above the EU-wide figure of 29.2 per cent. Across the bloc the share also edged down, from 30 per cent the year before.
By contrast, Greece posted the worst result in the EU at 50.5 per cent, while the Netherlands had the lowest at 15.3 per cent. Eurostat links the ability to absorb sudden costs to how secure people feel in daily life.
What it means for residents
The long slide in this indicator is good news, but it also confirms that close to a third of households on the island have little room to absorb a broken appliance, a medical bill or a car repair. Planning around that reality is more useful than waiting for the trend to finish its work.
- Keep a buffer. Even a modest reserve set aside monthly softens the blow of an unexpected bill.
- Check what you are entitled to. Before borrowing to cover a sudden cost, look at any support schemes or payment plans available through your municipality or lender.
- Watch the trend. The rate has fallen every year since 2019, so conditions are easing — but the gap with the EU average has not closed yet.
This text is written from the source article and is not a translation of it.
