Economy of Cyprus. Statistics, Data and Indicators
Cyprus
| 36BB+ | Credit rank #80 |
| N/A | Quality of life # |
| 52 | Corruption rank#38 |
| 54 | Ease of doing business#57 |
Cyprus Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 27.72 USD Billion | 2021 |
| GDP Annual Growth Rate | 6.1 % | 2Q/22 |
| GDP Growth Rate | 0.6 % | 2Q/22 |
| GDP per capita | 27715 USD | 2021 |
| Inflation Rate YoY | 10.86 % | Jul/22 |
| Interest Rate | 0.5 % | Jul/22 |
| Unemployment Rate | 5.1 % | Jun/22 |
| Wages | 2019 EUR/Month | 2050.371 USD/Month | 1Q/22 |
| Balance of Trade | -903406 EUR Thousand | -0.917 B USD | Jun/22 |
| Current Account | -1062 EUR Million | -1.079 B USD | 1Q/22 |
| Foreign Exchange Reserves | 1554 EUR Million | 1.578 B USD | Jul/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 27.72 USD Billion | 2021 |
| GDP Annual Growth Rate | 6.1 % | 2Q/22 |
| GDP Growth Rate | 0.6 % | 2Q/22 |
| GDP per capita | 27715 USD | 2021 |
| Gross National Product | 23353 EUR Million | 23.716 B USD | 2021 |
| GDP Constant Prices | 5779 EUR Million | 5.869 B USD | 1Q/22 |
| GDP per capita PPP | 40791 USD | 2021 |
| GDP From Agriculture | 93.9 EUR Million | 0.095 B USD | 1Q/22 |
| GDP From Construction | 351 EUR Million | 0.356 B USD | 1Q/22 |
| GDP From Manufacturing | 310 EUR Million | 0.315 B USD | 1Q/22 |
| GDP From Mining | 391 EUR Million | 0.397 B USD | 1Q/22 |
| GDP From Public Administration | 1034 EUR Million | 1.05 B USD | 1Q/22 |
| GDP From Services | 1212 EUR Million | 1.231 B USD | 1Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 104 % | 2021 |
| Government Budget Value | 239 EUR Million | 0.243 USD Billion | 1Q/22 |
| Government Spending | 1186 EUR Million | 1.204 USD Billion | 1Q/22 |
| Government Revenues | 2452 EUR Million | 2.49 USD Billion | 1Q/22 |
| Fiscal Expenditure | 2213 EUR Million | 2.247 B USD | 1Q/22 |
| Government Budget to GDP | -1.7 % | 2021 |
| Government Spending to GDP | 44.1 % | 2021 |
| Military Expenditure | 414 USD Million | 0.414 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 114 index points | Jul/22 |
| Food Inflation | 7.52 % | Jul/22 |
| Gasoline Prices | 1.6 USD/Liter | Apr/22 |
| GDP Deflator | 107 index points | 1Q/22 |
| Inflation Rate YoY | 10.86 % | Jul/22 |
| Producer Prices | 131 index points | Jun/22 |
| Inflation Rate Mom | 1.24 % | Jul/22 |
| CPI Housing Utilities | 147 Index Points | Jul/22 |
| CPI Transportation | 130 Index Points | Jul/22 |
| Harmonised Consumer Prices | 111 Index Points | Jun/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -7.2 % | 2021 |
| Balance of Trade | -903406 EUR Thousand | -0.917 USD Billion | Jun/22 |
| Capital Flows | -480 EUR Million | -0.487 USD Billion | 1Q/22 |
| Current Account | -1062 EUR Million | -1.079 USD Billion | 1Q/22 |
| Exports | 292051 EUR Thousand | 0.297 USD Billion | Jun/22 |
| External Debt | 189247 EUR Million | 192.187 USD Billion | 1Q/22 |
| Foreign Exchange Reserves | 1554 EUR Million | 1.578 USD Billion | Jul/22 |
| Imports | 1195457 EUR Thousand | 1.214 USD Billion | Jun/22 |
| Tourism Revenues | 221000 EUR Thousand | 0.224 B USD | May/22 |
| Tourist Arrivals | 372324 Persons | 0.372 Million Persons | Jun/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 13.9 Tonnes | 2Q/22 |
| Interest Rate | 0.5 % | Jul/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 65 | 2022 |
| Unemployment Rate | 5.1 % | Jun/22 |
| Wages | 2019 EUR/Month | 2050.371 USD/Month | 1Q/22 |
| Youth Unemployment Rate | 11.7 % | Jun/22 |
| Employed Persons | 432 Thousand Person | 0.432 Million Person | 2021 |
| Employment Change | 0.6 % | 1Q/22 |
| Employment Rate | 72 % | 1Q/22 |
| Full Time Employment | 387 Thousand Person | 1Q/22 |
| Job Vacancies | 18357 | 18.357 K | Jun/22 |
| Labor Force Participation Rate | 64.3 % | 1Q/22 |
| Long Term Unemployment Rate | 2.3 % | 1Q/22 |
| Part Time Employment | 41 Thousand Persons | 1Q/22 |
| Unemployed Persons | 31305 Persons | 0.031 Million Persons | 1Q/22 |
| Wage Growth | 6.8 % | 1Q/22 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 12.5 % | 2021 |
| Personal Income Tax Rate | 35 % | 2021 |
| Sales Tax Rate | 19 % | 2021 |
| Social Security Rate | 16.6 % | 2021 |
| Social Security Rate For Companies | 8.3 % | 2021 |
| Social Security Rate For Employees | 8.3 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Electricity Production | 359 GWh | May/22 |
| Industrial Production | 5.3 % | May/22 |
| Mining Production | 13.9 % | May/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 99.1 index points | Jul/22 |
| Corruption Index | 53 index points | 2021 |
| Corruption Rank | 52 place | 2021 |
| Ease of Doing Business | 54 place | 2019 |
| Manufacturing Production | 6.3 % | May/22 |
| Competitiveness Index | 66.39 Index Points | 2019 |
| Competitiveness Rank | 44 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -35.3 index points | Jul/22 |
| Retail Sales MoM | 3.2 % | Apr/22 |
| Retail Sales YoY | 9.32 % | Jun/22 |
| Consumer Spending | 3260 EUR Million | 3.311 USD Billion | 1Q/22 |
| Households Debt To Income | 131 % | 2020 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -6.6 % | 1Q/22 |
