Cyprus Economy

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The economy of Cyprus is dominated by the division of the country into the government-controlled southern area and the Turkish occupied Northern Cyrpus. It has a nominal GDP of $24.95 billion ranking it 91st in the world. The government controlled Republic of Cyprus is a free-market service-based economy. It is one of the most prosperous economies per capita in the Mediterranean region with GDP per capita reaching $30,000. The Turkish occupied Northern Cyprus is about one-fifth the size of the economy. Since it is recognized only by Turkey, foreign investment has been minimal and the economy revolves mainly around the agricultural sector.

Major Cyprus Indicators

Period Value % Chg Prev
Central Banks (View all 1)
Cyprus Balance With Eurosystem/Target Jul 2018 7.607B EUR 1.13%
Consumer Prices (View all 1)
Cyprus Consumer Price Index Aug 2018 102.91 1.22%
Cyprus Inflation Rate Aug 2018 1.70% 21.43%
Employment (View all 1)
Cyprus Unemployment Rate Jul 2018 7.70% -2.53%
Cyprus Youth Unemployment Rate Mar 2018 22.40% 0.00%
Energy (View all 1)
Cyprus Petroleum Products Demand Jul 2018 259.00K mt 10.68%
Interest Rates (View all 2)
Cyprus Long Term Interest Rate Aug 2018 2.22% 6.73%
Monetary (View all 1)
Cyprus TARGET Transactions Value Jul 2018 9.00B EUR 55.17%
Sentiment Surveys (View all 1)
Cyprus Consumer Confidence Indicator Aug 2018 -6.70
Cyprus Economic Sentiment Indicator Aug 2018 109.90 0.64%
View and sort all 746 Cyprus Indicators
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