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 | 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
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 12.5 % | 2022 |
| Personal Income Tax Rate | 35 % | 2022 |
| Sales Tax Rate | 19 % | 2022 |
| Social Security Rate | 16.6 % | 2022 |
| Social Security Rate For Companies | 8.3 % | 2022 |
| Social Security Rate For Employees | 8.3 % | 2022 |
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 |
