ECONOMY

Per capita GDP declines

Greeks saw their per capita gross domestic product drop to 82 percent of the European Union average last year following the imposition of austerity measures, according to Eurostat data released on Wednesday in Brussels.

In 2009 the figure had stood at 94 percent.

In 2010 the Greek per capita GDP amounted to 90 percent of the EU average. Greece has therefore slumped to 17th in the EU list, from 15th in 2010.

Cyprus also saw a considerable decline as it tumbled from 99 percent to 92 percent within one year.

Luxembourg and the Netherlands remain on top of the EU list, at 274 percent and 131 percent of the EU average respectively.

Bulgaria ranks last with just 45 percent, up from 44 percent in 2010.