What is the GDP of Cyprus?

Cyprus's GDP is approximately $37.6 billion USD. The GDP growth rate is 3.9%.

What is the population of Cyprus?

Cyprus has a population of approximately 1.4 million people. The population growth rate is 1%.

What is the inflation rate in Cyprus?

The inflation rate in Cyprus is 1.8%.

What is the unemployment rate in Cyprus?

The unemployment rate in Cyprus is 4.9%.

What is the GDP per capita of Cyprus?

Cyprus's GDP per capita is approximately $38,674 USD.

Is Cyprus a good country to invest in?

Cyprus has an investment score of 68/100, classified as "Moderate" risk. Key sectors include Financial Services, Tourism, Shipping. Credit rating: NR.

How open is Cyprus's economy to trade?

Cyprus's trade openness (trade as % of GDP) is 190%. Exports total approximately $36.5B and imports $35.1B.

How much foreign investment does Cyprus attract?

Foreign direct investment (FDI) in Cyprus is -133.8% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Cyprus?

Cyprus's economy is composed of services (76% of GDP), industry (11% of GDP), and agriculture (1% of GDP).

Can I start a business in Cyprus as a foreigner?

Cyprus offers various options for foreign entrepreneurs. Visit our business setup guide for Cyprus for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Cyprus's economy growing?

Cyprus's GDP growth rate is 3.9%. This is above the global average, indicating strong economic momentum.

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Cyprus Economy Overview

Name: Cyprus Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaHigh IncomeCapital: NicosiaCYP

Moderate

Growing

37.6B USD

GDP (Nominal)

Growing at 3.9%

$38,674

GDP Per Capita

High income level

1.4M

Population

+1% annual growth

Stable

1.8%

Inflation

Price stability

190%of GDP

Trade Openness

-133.8%of GDP

FDI Inflows

Public Debt

Low

4.9%

Unemployment

Surplus

+$1.4B

Trade Balance

GDP

Billion USD, nominal

$37.6B

2024+2.6B

GDP Growth

Annual %

3.9%

2024+0.3%

Inflation

Consumer prices, annual %

1.8%

2024-1.7%

Population

Millions

1.4M

2024+0.0M

Economic Structure

Services76%

Industry11%

Agriculture1%

Investment Score Breakdown

Economic Health (30%)66

Political Safety (25%)70

Business Climate (20%)72

Financial Strength (15%)65

Growth Potential (10%)62

Key Sectors

Financial Services

11.2% of GDP

stable

Tourism

14.5% of GDP

growing

Shipping

8.8% of GDP

stable

Real Estate

9.2% of GDP

growing

Should I Invest in Cyprus?

BuySetup: ModerateROI: Moderate

Cyprus scores 68/100 on the NationsData Investment Index, rated "Moderate". Growth is subdued at 2.5%.

Investment Score68/100

GDP Growth2.5%

Inflation2.5%

FDI/GDP12.5%

Public Debt78.5%

Political Stability0.3

Strengths

+Good political stability and rule of law
+Favorable business climate with reasonable regulation
+High FDI inflows (12.5% of GDP) - investors are actively entering
+Low inflation (2.5%) - stable pricing environment
+Highly trade-open economy (142%) - global market access

Risks

-Elevated public debt (78.5% of GDP)
-Large current account deficit (-8.5%) - currency depreciation risk

Best For

Premium services and luxury brands

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