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 (2019): Greece, Italy, and United Kingdom
Top 3 Exported Goods (2019): Ships & Boats, Oil & Mineral Fuels, and Pharmaceuticals

Top Industries Source: CIA World Factbook

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

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $35,553,070,350 (2020)
GDP Growth Rate (annual %) -5.229% (2020)
GDP Per Capita, PPP (current international) $38,458 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 128/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -0.638% (2020)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 22.4% (2019)
Real Interest Rate (5 year average %) 5.706% (2016)
Manufacturing, value added (% of GDP) 5.544% (2020)
Current Account Balance (BoP, current US$) ($2,508,890,138) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 639,279 (2020)
Employment in Agriculture (% of total employment) 1.983% (2020)
Employment in Industry (% of total employment) 16.281% (2020)
Employment in Services (% of total employment) 81.736% (2020)
Unemployment Rate 7.21% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $19,335,105,654 (2020)
Exports of goods and services (current US$) $18,711,796,688 (2020)
Total Merchandise Trade (% of GDP) 47.354% (2020)
FDI, net inflows (BoP, current US$) $25,930,367,780 (2019)
Commercial Service Exports (current US$) $15,185,066,425 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank