Cyprus

Capital: NicosiaRegion: Europe & Central AsiaIncome: High income
GDP
$43.16B
2026
Population
1.4M
2024
GDP per Capita
$46K
2026
Life Expectancy
81.6 years
2023

Economy

IndicatorValueYear
GDP (Current USD, Billions)$43.16B2026
Real GDP Growth (%)2.8%2026
GDP per Capita (USD)$46K2026
GDP, PPP (Billions Intl $)$64.39B2026
GDP per Capita, PPP (Intl $)$68K2026
Share of World GDP, PPP (%)0.03%2026
GNI (Current USD)$33.57B2024
GNI per Capita (USD)$33K2024
GNI per Capita, PPP (USD)$56K2024
Industry Value Added (% of GDP)11.1%2024
Services Value Added (% of GDP)76.5%2024
Agriculture Value Added (% of GDP)1.2%2024
Government Consumption (% of GDP)18.4%2024
Household Consumption (% of GDP)57.3%2024
Gross Capital Formation (% of GDP)20.7%2024
Gross Savings (% of GNI)12.5%2024
GDP Deflator (%)3.1%2024
GDP per Person Employed (USD)$70K2024
Manufacturing Value Added (% of GDP)4.5%2024
Medium/High-Tech Manufacturing (% of total)27.7%2022
Adjusted Net National Income per Capita (USD)$24K2021
Adjusted Net Savings (% of GNI)1.9%2021
External Balance on Goods & Services (% of GDP)3.6%2024
Coal Rents (% of GDP)0.00%2021
Mineral Rents (% of GDP)0.01%2021
Oil Rents (% of GDP)0.00%2021
Natural Gas Rents (% of GDP)0.00%2021
Total Natural Resources Rents (% of GDP)0.0%2021
Forest Rents (% of GDP)0.00%2021
Industry Value Added (Current USD)$4.19B2024

Fiscal & Monetary

IndicatorValueYear
Inflation, Consumer Prices (%)1.3%2026
Govt Gross Debt (% of GDP)53.7%2026
Fiscal Balance (% of GDP)3.2%2026
Current Account Balance (% of GDP)-9.1%2026
Unemployment Rate (%)4.7%2026
Inflation, CPI (%, World Bank)1.8%2024
Government Revenue (% of GDP)39.9%2023
Tax Revenue (% of GDP)23.3%2023
Taxes on Goods & Services (% of revenue)29.5%2023
Taxes on Income, Profits & Capital Gains (% of rev)23.9%2023
Net Investment in Nonfinancial Assets (% of GDP)2.5%2023
Total Reserves incl. Gold (USD)$2.09B2024
Total Reserves (months of imports)0.32024
Official Exchange Rate (per USD)0.922024

Trade

IndicatorValueYear
Trade (% of GDP)190.4%2024
Imports of Goods & Services (% of GDP)93.4%2024
Exports of Goods & Services (USD)$36.51B2024
Imports of Goods & Services (USD)$35.14B2024
Merchandise Exports (USD)$4.42B2024
Merchandise Imports (USD)$13.32B2024
FDI Inflows (% of GDP)-133.8%2024
FDI Outflows (% of GDP)-148.4%2024
FDI Net Inflows (USD)$-50.36B2024
Personal Remittances Received (USD)$677.0M2024
Personal Remittances Received (% of GDP)1.8%2024
High-Tech Exports (% of manufactured)18.0%2024
Current Account Balance (% of GDP)-8.2%2024
Current Account Balance (USD)$-3.07B2024

Finance

IndicatorValueYear
Domestic Credit to Private Sector (% of GDP)56.7%2024
Stock Market Capitalization (% of GDP)29.0%2024
Stock Market Capitalization (USD)$10.93B2024
Stock Market Turnover (% of GDP)0.4%2024
Listed Domestic Companies932024
Bank Capital to Assets Ratio (%)7.7%2023
Bank Nonperforming Loans (%)6.1%2023
Account Ownership at Financial Institution (%)96.1%2024
Account Ownership, Female (%)98.0%2024
Account Ownership, Male (%)94.3%2024
Firms Using Banks to Finance Investment (%)25.4%2024

Business Environment

IndicatorValueYear
Time to Get Electricity (days)1152024

Private Sector

IndicatorValueYear
Firms Expected to Pay Bribes (%)3.2%2024
Firms with Female Top Manager (%)30.0%2024
Firms with Female Participation in Ownership (%)8.5%2024
Average Firm Age (years)28 years2024
Firms Using Computers (%)26.2%2024

People

IndicatorValueYear
Population1.4M2024
Population Growth (%)1.0%2024
Population Density (per km²)1462023
Surface Area (sq km)9,2502023
Land Area (sq km)9,2402023
Urban Population (%)66.7%2024
Urban Population (total)905,7352024
Rural Population (%)33.3%2024
Life Expectancy at Birth81.6 years2023
Life Expectancy, Male79.6 years2023
Life Expectancy, Female83.7 years2023
Fertility Rate (births per woman)1.42023
Birth Rate (per 1,000)10.82023
Death Rate (per 1,000)7.12023
Net Migration7,7492025
Population Ages 0–14 (%)16.1%2024
Population Ages 15–64 (%)69.3%2024
Population Ages 65+ (%)14.6%2024
Age Dependency Ratio (%)44.3%2024
Mortality Rate, Adult Male (per 1,000)57.02023
Mortality Rate, Adult Female (per 1,000)30.42023

Labor

IndicatorValueYear
Total Labor Force770,2682025
Labor Force Participation (%)67.0%2025
Female Labor Force Participation (%)61.2%2025
Male Labor Force Participation (%)72.7%2025
Unemployment (%)4.9%2025
Female Unemployment (%)5.5%2025
Male Unemployment (%)4.5%2025
Youth Unemployment (%)12.7%2025
Employment in Agriculture (%)2.2%2025
Employment in Industry (%)16.3%2025
Employment in Services (%)81.6%2025
Vulnerable Employment (%)8.4%2025
Wage & Salaried Workers (% of total)89.8%2025
Part-Time Employment (%)32.0%2024
Employers (% of total employment)1.8%2025
Labor Force, Female (% of total)45.6%2025

Education

IndicatorValueYear
Education Spending (% of GDP)4.7%2022
Education Spending (% of govt expenditure)12.5%2022
Primary School Enrollment (%)98.6%2023
Secondary School Enrollment (%)102.4%2023
Tertiary School Enrollment (%)99.0%2023
Primary Completion Rate (%)98.5%2023
Lower Secondary Completion Rate (%)98.9%2023
Out-of-School Children, Primary3762023
Primary School Teachers5,3892023
Secondary School Teachers8,0832023
Pupil-Teacher Ratio, Primary122017
Pupil-Teacher Ratio, Secondary82017
Expenditure per Student, Primary (% of GDP/cap)32.7%2016

Health

IndicatorValueYear
Health Spending (% of GDP)8.1%2023
Health Spending per Capita (USD)$3K2023
Government Health Spending (% of GDP)6.2%2023
Out-of-Pocket Health Spending (% of total)17.9%2023
Physicians (per 1,000 people)3.62022
Nurses & Midwives (per 1,000)3.92022
Hospital Beds (per 1,000)2.12022
Infant Mortality (per 1,000 live births)3.52023
Under-5 Mortality, Female (per 1,000)3.32023
Under-5 Mortality, Male (per 1,000)3.82023
Cause of Death, Communicable (%)4.8%2019
Cause of Death, Non-Communicable (%)89.9%2019
Cause of Death, Injury (%)5.3%2019
Measles Immunization (% of children)99.0%2024
DPT Immunization (% of children)94.0%2024
Tuberculosis Incidence (per 100,000)62024
Smoking Prevalence, Males (%)47.2%2022
Smoking Prevalence, Females (%)23.9%2022
Suicide Mortality Rate (per 100,000)3.02021
Alcohol Consumption (liters per capita)6.42020

Energy & Environment

IndicatorValueYear
Energy Use (kg oil eq. per capita)1,6732023
Electric Power Consumption (kWh per capita)3,8422023
Renewable Electricity Output (%)15.1%2021
Renewable Energy Consumption (%)15.6%2021
Access to Clean Fuels for Cooking (%)100.0%2023
PM2.5 Air Pollution (µg/m³)13.52020
Forest Area (%)18.7%2023
Forest Area (sq km)1,7252023
Terrestrial Protected Areas (%)11.1%2024
Marine Protected Areas (%)8.6%2024
Access to Basic Drinking Water (%)99.7%2024
Access to Basic Sanitation (%)99.5%2024

Agriculture

IndicatorValueYear
Agricultural Land (%)14.0%2023
Cereal Yield (kg per hectare)2,1612023
Food Production Index (2014–2016=100)108.72022
Crop Production Index (2014–2016=100)85.52022
Livestock Production Index (2014–2016=100)121.62022
Land Under Cereal Production (hectares)23,6002023
Fertilizer Consumption (kg per hectare)172.12023
Agricultural Irrigated Land (%)19.0%2023
Annual Freshwater Withdrawals (% of internal)28.6%2022

Technology

IndicatorValueYear
Internet Users (%)91.2%2023
Fixed Broadband Subscriptions (per 100)38.72023
Secure Internet Servers (per million)221,297.92024
R&D Spending (% of GDP)0.75%2022
Patent Applications, Residents12021
Patent Applications, Non-Residents22021
Scientific Journal Articles1,8672022
High-Technology Exports (USD)$104.9M2024
ICT Service Exports (% of service exports)29.7%2024
Industrial Design Applications, Resident202021
Researchers in R&D (per million)1,7282022

Infrastructure

IndicatorValueYear
Air Transport, Passengers Carried724,0622023
Air Transport, Freight (million ton-km)0.42023
Container Port Traffic (TEU)371,7402022
Logistics Performance Index (1–5)3.202022
Electricity from Oil (%)79.5%2023
Electricity from Nuclear (%)0.0%2021

Gender

IndicatorValueYear
Women in Parliament (%)14.3%2024
Female Labor Force Participation, 15+ (%)60.4%2024
Female Wage & Salaried Workers (%)91.7%2025
Girls Out-of-School Rate (%)97.7%2017
Adolescent Fertility Rate (per 1,000)7.02023
Gender Parity Index, Secondary0.972020

Governance

IndicatorValueYear
Control of Corruption0.332023
Government Effectiveness0.742023
Regulatory Quality0.782023
Voice & Accountability0.972023
Control of Corruption (percentile rank)62.7%2023
Government Effectiveness (percentile rank)76.4%2023
Rule of Law (percentile rank)71.7%2023
Political Stability (percentile rank)59.2%2023

Military

IndicatorValueYear
Military Spending (% of GDP)1.6%2024
Armed Forces (% of labor force)1.8%2020
Intentional Homicides (per 100,000)0.82023

Poverty & Inequality

IndicatorValueYear
Poverty at $2.15/day (%)0.0%2023
Poverty at $3.65/day (%)0.0%2023
Poverty at $6.85/day (%)0.1%2023
Gini Index31.82023
Income Share, Top 10%26.3%2023
Income Share, Bottom 10%3.6%2023
Income Share, Top 20%40.6%2023
Income Share, Bottom 20%8.6%2023
Shared Prosperity Premium (%)2.2%2023
Survey Mean Consumption (2017 PPP $ per day)63.382023

Social Protection

IndicatorValueYear
Human Capital Index (0–1)0.762020
Human Capital Index, Female0.762020
Human Capital Index, Male0.752020
Learning-Adjusted Years of School10.9 years2020

Tourism

IndicatorValueYear
International Tourism, Arrivals4.1M2019
International Tourism, Departures1.6M2019
Tourism Receipts (USD)$663.0M2020
Tourism Expenditures (USD)$880.0M2020
Tourism Receipts (% of total exports)3.3%2020

Urban Development

IndicatorValueYear
Population in Slums (% of urban)0.3%2022
Rural Population Growth (%)1.0%2024
Access to Safely Managed Sanitation (%)77.0%2024