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 Dec 2017 7.109B EUR 12.57%
Consumer Prices (View all 1)
Cyprus Consumer Price Index Jan 2018 96.47 -1.88%
Cyprus Inflation Rate Jan 2018 -1.50%
Employment (View all 1)
Cyprus Unemployment Rate Dec 2017 11.30% 1.80%
Cyprus Youth Unemployment Rate Sep 2017 25.00% 0.00%
Energy (View all 1)
Cyprus Petroleum Products Demand Nov 2017 210.00K mt -6.25%
Interest Rates (View all 2)
Cyprus Long Term Interest Rate Jan 2018 1.68% 6.33%
Monetary (View all 1)
Cyprus TARGET Transactions Value Dec 2017 9.90B EUR 57.14%
Sentiment Surveys (View all 1)
Cyprus Consumer Confidence Indicator Jan 2018 0.80 -166.7%
Cyprus Economic Sentiment Indicator Jan 2018 117.80 1.82%
View and sort all 733 Cyprus Indicators



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