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 (2017): Greece, Germany, and United Kingdom
Top 3 Exported Goods (2017): 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) $31,076,322,662 (2017)
GDP Growth Rate (annual %) 3.876% (2018)
GDP Per Capita, PPP (current international) $36,155 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 130/196 (2017)

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 %) 1.435% (2018)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 22.2% (2018)
Real Interest Rate (5 year average %) 5.706% (2016)
Manufacturing, value added (% of GDP) 4.679% (2018)
Current Account Balance (BoP, current US$) ($1,684,536,358) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 615,334 (2018)
Employment in Agriculture (% of total employment) 2.497% (2018)
Employment in Industry (% of total employment) 16.999% (2018)
Employment in Services (% of total employment) 80.504% (2018)
Unemployment Rate 8.109% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $16,151,085,930 (2018)
Exports of goods and services (current US$) $15,730,169,972 (2018)
Total Merchandise Trade (% of GDP) 64.083% (2018)
FDI, net inflows (BoP, current US$) ($332,970,121) (2018)
Commercial Service Exports (current US$) $11,617,773,285 (2018)
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


  1. The World Bank