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 Oct 2017 6.292B EUR 1.04%
Consumer Prices (View all 1)
Cyprus Consumer Price Index Oct 2017 99.84 -0.61%
Cyprus Inflation Rate Oct 2017 0.40% 300.0%
Economic Activity Indexes (View all 1)
Cyprus Economic Freedom Index 2017 67.90 -1.16%
Employment (View all 1)
Cyprus Unemployment Rate Oct 2017 10.20% 0.00
Cyprus Youth Unemployment Rate Sep 2017 24.90% 0.00
Energy (View all 1)
Cyprus Petroleum Products Demand Sep 2017 233.00K mt -2.92%
Interest Rates (View all 2)
Cyprus Long Term Interest Rate May 2015 6.00% 0.00
Monetary (View all 2)
Cyprus TARGET Transactions Dec 2015 0.00 EUR
Sentiment Surveys (View all 1)
Cyprus Consumer Confidence Indicator Nov 2017 2.20 -344.4%
Cyprus Economic Sentiment Indicator Nov 2017 118.80 0.76%
View and sort all 744 Cyprus Indicators
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