Economic Environment

Cyprus has a record of successful economic performance, reflected in rapid growth, full employment conditions, external and internal stability, almost throughout the post-independence period. This can be largely attributed to the sound macro-economic policies of successive governments, the adoption of a market-oriented economic system, and a well-educated, dynamic and flexible entrepreneurial workforce. The result is a thriving and stable economy, with high growth rate, low inflation rate and low unemployment rate.

Cyprus Leads Fiscal Flexibility Index

Cyprus’s major imports are raw materials, consumer and capital goods, transport equipment and fuel, while major exports are pharmaceutical products, cement, cigarettes, paper products, plastic products, potatoes, citrus fruit, wines, and furniture. The tertiary sector of services is considered as the backbone of the Cyprus economy, accounting for more than 80% of GDP in ...

High growth, low inflation, and low unemployment rate

Below you will find statistical information regading Cyprus GDP, Inflation Rates, Fiscal Deficit and Public Debt, from the Central Bank of Cyprus. Cyprus Economic Indicators Indicator 2007 2008 2009 ...

High per capita income

Cypriots enjoy a high standard of living. In terms of per capita income, estimated at EUR17.048 in 2005, Cyprus is classified by the World Bank among the high-income economies. The GDP per capita is the value of all final goods and services produced within a nation in a given year, divided by the average population for the same year. According to the International Monetary Fund ...

Global Competitiveness

Cyprus was ranked number 47 out of 142 countries by the World Economic Forum "Global Competitiveness Report 2011 - 2012". The Global Competitiveness Report is a yearly report published by the World Economic Forum. The first report was released in 1979. The 2011-2012 report covers 142 major and emerging economies. The report "assesses the ability of countries to provide high levels ...