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Economy of Cyprus. Statistics, Data and Indicators

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Cyprus
36BB+ Credit rank #80
N/A Quality of life #
52 Corruption rank#38
54 Ease of doing business#57
Cyprus


Cyprus Major Economic Indicators

Indicator Data Period
GDP Value 28.41 USD Billion 2021
GDP Annual Growth Rate 5.5 % 3Q/22
GDP Growth Rate 1.3 % 3Q/22
GDP per capita 28329 USD 2021
Inflation Rate YoY 7.9 % Dec/22
Interest Rate 2.5 % Dec/22
Unemployment Rate 7.5 % Nov/22
Wages 2069 EUR/Month | 2249.891 USD/Month 3Q/22
Balance of Trade -666220 EUR Thousand | -0.724 B USD Nov/22
Current Account -436 EUR Million | -0.474 B USD 3Q/22
Foreign Exchange Reserves 1622 EUR Million | 1.764 B USD Dec/22


GDP Indicators

Indicator Data Period
GDP Value 28.41 USD Billion 2021
GDP Annual Growth Rate 5.5 % 3Q/22
GDP Growth Rate 1.3 % 3Q/22
GDP per capita 28329 USD 2021
Gross National Product 23353 EUR Million | 25.395 B USD 2021
GDP Constant Prices 6084 EUR Million | 6.616 B USD 3Q/22
GDP per capita PPP 41702 USD 2021
GDP From Agriculture  93.7 EUR Million | 0.102 B USD 3Q/22
GDP From Construction  366 EUR Million | 0.398 B USD 3Q/22
GDP From Manufacturing  326 EUR Million | 0.355 B USD 3Q/22
GDP From Mining  408 EUR Million | 0.444 B USD 3Q/22
GDP From Public Administration  1050 EUR Million | 1.142 B USD 3Q/22
GDP From Services  1182 EUR Million | 1.285 B USD 3Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 104 % 2021
Government Budget Value 651 EUR Million | 0.708 USD Billion 3Q/22
Government Spending 1160 EUR Million | 1.261 USD Billion 3Q/22
Government Revenues 3208 EUR Million | 3.488 USD Billion 3Q/22
Fiscal Expenditure  2557 EUR Million | 2.781 B USD 3Q/22
Government Budget to GDP -1.7 % 2021
Government Spending to GDP 44.1 % 2021
Military Expenditure 518 USD Million | 0.518 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 113 index points Dec/22
Food Inflation 12.57 % Dec/22
Gasoline Prices 2.67 USD/Liter Dec/22
GDP Deflator 112 index points 3Q/22
Inflation Rate YoY 7.9 % Dec/22
Producer Prices 136 index points Nov/22
Inflation Rate Mom -1 % Dec/22
CPI Housing Utilities 142 Index Points Dec/22
CPI Transportation 117 Index Points Dec/22
Harmonised Consumer Prices 112 Index Points Dec/22


Trade Indicators

Indicator Data Period
Current Account to GDP -7.2 % 2021
Balance of Trade -666220 EUR Thousand | -0.724 USD Billion Nov/22
Capital Flows 642 EUR Million | 0.698 USD Billion 3Q/22
Current Account -436 EUR Million | -0.474 USD Billion 3Q/22
Exports 317281 EUR Thousand | 0.345 USD Billion Nov/22
External Debt 181011 EUR Million | 196.837 USD Billion 3Q/22
Foreign Exchange Reserves 1622 EUR Million | 1.764 USD Billion Dec/22
Imports 983501 EUR Thousand | 1.069 USD Billion Nov/22
Tourism Revenues  319800 EUR Thousand | 0.348 B USD Oct/22
Tourist Arrivals 110041 Persons | 0.11 Million Persons Dec/22


Money Indicators

Indicator Data Period
Gold Reserves 13.9 Tonnes 3Q/22
Interest Rate 2.5 % Dec/22


Labor Indicators

Indicator Data Period
Retirement Age Men 65 2022
Retirement Age Women 65 2022
Unemployment Rate 7.5 % Nov/22
Wages 2069 EUR/Month | 2249.891 USD/Month 3Q/22
Youth Unemployment Rate 20.6 % Sep/22
Employed Persons 432 Thousand Person | 0.432 Million Person 2021
Employment Change  1 % 3Q/22
Employment Rate  73.2 % 3Q/22
Full Time Employment 400 Thousand Person 3Q/22
Job Vacancies 8703 | 8.703 K Nov/22
Labor Force Participation Rate 65.4 % 3Q/22
Long Term Unemployment Rate 2 % 3Q/22
Part Time Employment 38.6 Thousand Persons 3Q/22
Unemployed Persons 32868 Persons | 0.033 Million Persons 3Q/22
Wage Growth  5.3 % 3Q/22


Taxes



Production Indicators

Indicator Data Period
Electricity Production 381 GWh Oct/22
Industrial Production -1.04 % Oct/22
Mining Production 9.94 % Oct/22


Business Indicators

Indicator Data Period
Business Confidence 102 index points Dec/22
Corruption Index 53 index points 2021
Corruption Rank 52 place 2021
Ease of Doing Business 54 place 2019
Manufacturing Production -1.32 % Oct/22
Competitiveness Index 66.39 Index Points 2019
Competitiveness Rank 44 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -28 index points Dec/22
Retail Sales MoM 0.3 % Nov/23
Retail Sales YoY 2.42 % Nov/22
Consumer Spending 3714 EUR Million | 4.048 USD Billion 3Q/22
Households Debt To Income 125 % 2021


Housing Market

Indicator Data Period
Construction Output -5 % 3Q/22