Cyprus: Economy

Economic Trivia

The service sector accounts for four-fifths of GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): Greece, United Kingdom, and Italy
Top 3 Exported Goods (2015): Oil & Mineral Fuels, Pharmaceuticals, and Aircraft

Top Industries Source: CIA World Factbook

Tourism; Food and Beverage Processing; Cement and Gypsum Production; Ship Repair and Refurbishment

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $25,864,252,934 (2015)
GDP Growth Rate (annual %) 1.586% (2015)
GDP Per Capita, PPP (current international) $30,734 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 129/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -2.097% (2015)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 24.4% (2015)
Real Interest Rate (5 year average %) 2.369% (2007)
Manufacturing, value added (% of GDP) 5.007% (2014)
Current Account Balance (BoP, current US$) ($712,556,600) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 613,733 (2014)
Employment in Agriculture (% of total employment) 3.9% (2014)
Employment in Industry (% of total employment) 16.5% (2014)
Employment in Services (% of total employment) 79.6% (2014)
Unemployment Rate 15.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $12,233,381,982 (2014)
Exports of goods and services (current US$) $12,875,281,942 (2014)
Total Merchandise Trade (% of GDP) 36.802% (2014)
FDI, net inflows (BoP, current US$) $5,243,135,779 (2015)
Commercial Service Exports (current US$) $10,018,927,642 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Cyprus’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary