Household debt dips to 77% of GDP

Household debt reached €20 bln, equivalent to 77% of Gross Domestic Product in Q3 2022, marking a slight decrease compared to the previous quarter due to the increase in GDP, according to


Household consumption spending rising

European Union household consumption expenditure saw the second largest annual increase in Cyprus, with almost 13% behind Croatia (21.2%), according to Eurostat. In 2021, household consumption expenditure in the EU increased by


New household debt crisis looms

Economists fear that hiking inflation now being fed by the war in Ukraine could trigger another debt crisis on the island as households struggle to pay off their loans. According to CyStat