Economy of Cyprus. Statistics, Data and Indicators
Cyprus
| 36BB+ | Credit rank #80 |
| N/A | Quality of life # |
| 42 | Corruption rank#38 |
| 54 | Ease of doing business#57 |
Cyprus Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 23.8 USD Billion | 2020 |
| GDP Annual Growth Rate | -1.6 % | 1Q/21 |
| GDP Growth Rate | 2 % | 1Q/21 |
| GDP per capita | 30438 USD | 2020 |
| Inflation Rate YoY | 3.1 % | Jun/21 |
| Interest Rate | 0 % | Jun/21 |
| Unemployment Rate | 9.9 % | May/21 |
| Wages | 2267 EUR/Month | 2679.542 USD/Month | 4Q/20 |
| Balance of Trade | -427977 EUR Thousand | -0.506 B USD | May/21 |
| Current Account | -922 EUR Million | -1.09 B USD | 1Q/21 |
| Foreign Exchange Reserves | 973 EUR Million | 1.15 B USD | Jun/21 |
GDP
23.8
USD Billion
#109 from 174 countries
GDP per capita
30438
USD
#32 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 23.8 USD Billion | 2020 |
| GDP Annual Growth Rate | -1.6 % | 1Q/21 |
| GDP Growth Rate | 2 % | 1Q/21 |
| GDP per capita | 30438 USD | 2020 |
| Gross National Product | 21000 EUR Million | 24.822 B USD | 2020 |
| GDP Constant Prices | 5331 EUR Million | 6.301 B USD | 1Q/21 |
| GDP per capita PPP | 37655 USD | 2020 |
| GDP From Agriculture | 86 EUR Million | 0.102 B USD | 1Q/21 |
| GDP From Construction | 354 EUR Million | 0.418 B USD | 1Q/21 |
| GDP From Manufacturing | 279 EUR Million | 0.33 B USD | 1Q/21 |
| GDP From Mining | 331 EUR Million | 0.391 B USD | 1Q/21 |
| GDP From Public Administration | 986 EUR Million | 1.165 B USD | 1Q/21 |
| GDP From Services | 1133 EUR Million | 1.339 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 118 % | 2020 |
| Government Budget Value | -188 EUR Million | -0.222 USD Billion | 1Q/21 |
| Government Spending | 1155 EUR Million | 1.365 USD Billion | 1Q/21 |
| Government Revenues | 2071 EUR Million | 2.448 USD Billion | 1Q/21 |
| Fiscal Expenditure | 2259 EUR Million | 2.67 B USD | 1Q/21 |
| Government Budget to GDP | -5.7 % | 2020 |
| Government Spending to GDP | 46.3 % | 2020 |
| Military Expenditure | 414 USD Million | 0.414 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 102 index points | Jun/21 |
| Food Inflation | -0.53 % | Jun/21 |
| Gasoline Prices | 1.51 USD/Liter | Jun/21 |
| GDP Deflator | 101 index points | 1Q/21 |
| Inflation Rate YoY | 3.1 % | Jun/21 |
| Producer Prices | 104 index points | May/21 |
| Inflation Rate Mom | 0.3 % | Jun/21 |
| CPI Housing Utilities | 112 Index Points | Jun/21 |
| CPI Transportation | 101 Index Points | Jun/21 |
| Harmonised Consumer Prices | 102 Index Points | Jun/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -6.7 % | 2019 |
| Balance of Trade | -427977 EUR Thousand | -0.506 USD Billion | May/21 |
| Capital Flows | -1194 EUR Million | -1.411 USD Billion | 1Q/21 |
| Current Account | -922 EUR Million | -1.09 USD Billion | 1Q/21 |
| Exports | 226163 EUR Thousand | 0.267 USD Billion | May/21 |
| External Debt | 192088 EUR Million | 227.044 USD Billion | 1Q/21 |
| Foreign Exchange Reserves | 973 EUR Million | 1.15 USD Billion | Jun/21 |
| Imports | 654140 EUR Thousand | 0.773 USD Billion | May/21 |
| Tourism Revenues | 31700 EUR Thousand | 0.037 B USD | Apr/21 |
| Tourist Arrivals | 100852 Persons | 0.101 Million Persons | May/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 13.9 Tonnes | 1Q/21 |
| Interest Rate | 0 % | Jun/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 65 | 2020 |
| Retirement Age Women | 65 | 2020 |
| Unemployment Rate | 9.9 % | May/21 |
| Wages | 2267 EUR/Month | 2679.542 USD/Month | 4Q/20 |
| Youth Unemployment Rate | 18.7 % | Mar/21 |
| Employed Persons | 417 Thousand Person | 0.417 Million Person | 2020 |
| Employment Change | 0.8 % | 1Q/21 |
| Employment Rate | 69.9 % | 4Q/20 |
| Full Time Employment | 365 Thousand Person | 4Q/20 |
| Job Vacancies | 8651 | 8.651 K | May/21 |
| Labor Force Participation Rate | 63.1 % | 4Q/20 |
| Long Term Unemployment Rate | 2.8 % | 1Q/21 |
| Part Time Employment | 41.8 Thousand Persons | 4Q/20 |
| Unemployed Persons | 38970 Persons | 0.039 Million Persons | 1Q/21 |
| Wage Growth | -3.3 % | 1Q/21 |
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 | 352 GWh | May/21 |
| Industrial Production | 55.9 % | Apr/21 |
| Mining Production | 318 % | Apr/21 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 105 index points | Jun/21 |
| Corruption Index | 57 index points | 2020 |
| Corruption Rank | 42 place | 2020 |
| Ease of Doing Business | 54 place | 2019 |
| Manufacturing Production | 66.2 % | Apr/21 |
| Competitiveness Index | 66.39 Index Points | 2019 |
| Competitiveness Rank | 44 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -13.4 index points | Jun/21 |
| Retail Sales MoM | -1.2 % | Apr/21 |
| Retail Sales YoY | 47.3 % | Apr/21 |
| Consumer Spending | 3738 EUR Million | 4.418 USD Billion | 1Q/21 |
| Households Debt To Income | 134 % | 2019 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 4 % | 1Q/21 |
Gold Reserves
13.9
Tonnes
#68 from 114 countries
Foreign Exchange Reserves
1.15
USD Billion
#100 from
114 countries
Government Budget Value
-0.222
USD Billion
#22 from 113 countries
Inflation Rate
3.1
%
#167 from
174 countries
Interest Rate
0
%
#149 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
9.9
%
#75 from
171 countries
Wages
2679.542
USD/Month
#25 from
82 countries
Retirement Age
65
65
men
women
Taxes
12.5%
35%
company profits
income of individuals
