In 2019, 45 percent of Cypriots were unable to afford a one-week holiday away from home, the fourth-highest proportion in the EU, and the latest Eurostat figures.
Among EU member states, Romania recorded the highest share of individuals in this situation, with the majority of Romanians (54 percent) being unable to afford a one-week annual holiday in 2019.
Residents of Greece came second, with 49 percent, followed by Croatia (48 percent), Cyprus (45 percent), and Italy (44 percent).
At the lower end of the scale, only 10 percent of people in Sweden were unable to afford a one-week annual holiday, followed by Demark and Luxembourg, both with 11 percent.
A total of 29 percent of residents of EU countries aged 16 or over were unable to afford to pay for an annual one-week holiday last year. This share has gradually decreased since 2010 when 39 percent of Europeans could not afford it.
In Cyprus, the 2019 share was lower than in 2010, when 47.8 percent were unable to pay for the annual holiday. However, the proportion was more than 50 percent from 2012 until 2018, peaking at 58.9 percent during the economic crisis in 2014.
Compared with 2010, the percentage of people unable to afford a one-week holiday away from home each year declined across all member states, except Italy and Greece, where it increased four percentage points (pp) and 3pp, respectively.
The largest declines were recorded in Latvia (-35pp) and Malta (-30pp).