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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 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



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