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  3. Cyprus

Economy of Cyprus. Statistics, Data and Indicators

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


Cyprus Major Economic Indicators

Indicator Data Period
GDP Value 24.56 USD Billion 2019
GDP Annual Growth Rate -4.4 % 3Q/20
GDP Growth Rate 9.4 % 3Q/20
GDP per capita 32093 USD 2019
Inflation Rate YoY -0.6 % Nov/20
Interest Rate 0 % Oct/20
Unemployment Rate 10.5 % Oct/20
Wages 1925 EUR/Month | 2338.379 USD/Month 2Q/20
Balance of Trade -393941 EUR Thousand | -0.479 B USD Sep/20
Current Account -182 EUR Million | -0.221 B USD 2Q/20
Foreign Exchange Reserves 1048 EUR Million | 1.273 B USD Oct/20


GDP
vvp
24.56
USD Billion
#109 from 174 countries
GDP per capita
vvp
32093
USD
#32 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 24.56 USD Billion 2019
GDP Annual Growth Rate -4.4 % 3Q/20
GDP Growth Rate 9.4 % 3Q/20
GDP per capita 32093 USD 2019
Gross National Product 22287 EUR Million | 27.073 B USD 2019
GDP Constant Prices 5167 EUR Million | 6.277 B USD 3Q/20
GDP per capita PPP 39545 USD 2019
GDP From Agriculture  87.6 EUR Million | 0.106 B USD 3Q/20
GDP From Construction  360 EUR Million | 0.437 B USD 3Q/20
GDP From Manufacturing  278 EUR Million | 0.338 B USD 3Q/20
GDP From Mining  327 EUR Million | 0.397 B USD 3Q/20
GDP From Public Administration  982 EUR Million | 1.193 B USD 3Q/20
GDP From Services  1000 EUR Million | 1.215 B USD 3Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 95.5 % 2019
Government Budget Value -277 EUR Million | -0.336 USD Billion 4Q/19
Government Spending 1068 EUR Million | 1.297 USD Billion 2Q/20
Government Revenues 2216 EUR Million | 2.692 USD Billion 3Q/20
Fiscal Expenditure  2288 EUR Million | 2.779 B USD 3Q/20
Government Budget to GDP 1.7 % 2019
Government Spending to GDP 39.5 % 2019
Military Expenditure 360 USD Million | 0.36 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 101 index points Oct/20
Food Inflation 3.2 % Oct/20
Gasoline Prices 1.28 USD/Liter Nov/20
GDP Deflator 103 index points 3Q/20
Inflation Rate YoY -0.6 % Nov/20
Producer Prices 97.9 index points Sep/20
Inflation Rate Mom 0.6 % Oct/20
CPI Housing Utilities 103 Index Points Oct/20
CPI Transportation 93.77 Index Points Oct/20
Harmonised Consumer Prices 99.87 Index Points Oct/20


Trade Indicators

Indicator Data Period
Current Account to GDP -6.7 % 2019
Balance of Trade -393941 EUR Thousand | -0.479 USD Billion Sep/20
Capital Flows -487 EUR Million | -0.592 USD Billion 2Q/20
Current Account -182 EUR Million | -0.221 USD Billion 2Q/20
Exports 176406 EUR Thousand | 0.214 USD Billion Sep/20
External Debt 189396 EUR Million | 230.067 USD Billion 2Q/20
Foreign Exchange Reserves 1048 EUR Million | 1.273 USD Billion Oct/20
Imports 570347 EUR Thousand | 0.693 USD Billion Sep/20
Tourism Revenues  71100 EUR Thousand | 0.086 B USD Aug/20
Tourist Arrivals 100791 Persons | 0.101 Million Persons Oct/20


Money Indicators

Indicator Data Period
Gold Reserves 13.9 Tonnes 3Q/20
Interest Rate 0 % Oct/20


Labor Indicators

Indicator Data Period
Retirement Age Men 65 2020
Retirement Age Women 65 2020
Unemployment Rate 10.5 % Oct/20
Wages 1925 EUR/Month | 2338.379 USD/Month 2Q/20
Youth Unemployment Rate 21.4 % Sep/20
Employed Persons 416 Thousand Person | 0.416 Million Person 2019
Employment Change  -0.9 % 2Q/20
Employment Rate  69.9 % 2Q/20
Full Time Employment 365 Thousand Person 2Q/20
Job Vacancies 6294 | 6.294 K Sep/20
Labor Force Participation Rate 62.5 % 1Q/20
Long Term Unemployment Rate 1.8 % 2Q/20
Part Time Employment 40.2 Thousand Persons 2Q/20
Unemployed Persons 37234 Persons | 0.037 Million Persons 3Q/20
Wage Growth  1.7 % 2Q/20


Taxes

Indicator Data Period
Corporate Tax Rate 12.5 % 2020
Personal Income Tax Rate 35 % 2020
Sales Tax Rate 19 % 2020
Social Security Rate 16.6 % 2020
Social Security Rate For Companies 8.3 % 2020
Social Security Rate For Employees 8.3 % 2020


Production Indicators

Indicator Data Period
Electricity Production 390 GWh Dec/19
Industrial Production -3.5 % Sep/20
Mining Production -6.4 % Sep/20


Business Indicators

Indicator Data Period
Business Confidence 80.9 index points Nov/20
Corruption Index 58 index points 2019
Corruption Rank 41 place 2019
Ease of Doing Business 54 place 2019
Manufacturing Production -5 % Sep/20
Competitiveness Index 66.39 Index Points 2019
Competitiveness Rank 44 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -35 index points Nov/20
Retail Sales MoM -2 % Sep/20
Retail Sales YoY -2.6 % Sep/20
Consumer Spending 3169 EUR Million | 3.85 USD Billion 2Q/20
Households Debt To Income 134 % 2019


Housing Market

Indicator Data Period
Construction Output -23.1 % 2Q/20


Gold Reserves
gold_reserve_icon
13.9
Tonnes
#68 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
1.273
USD Billion
#100 from 114 countries


Government Budget Value
balance_icon
-0.336
USD Billion
#22 from 113 countries
Inflation Rate
inflation_icon
-0.6
%
#167 from 174 countries


Interest Rate
discount_rate_icon
0
%
#149 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
10.5
%
#75 from 171 countries
Wages
salary_icon
2338.379
USD/Month
#25 from 82 countries


Retirement Age
man_icon
woman_icon
65
65
men
women
Taxes
company_icon
private_icon
12.5%
35%
company profits
income of individuals


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