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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
Based on the Standard & Poor's Fiscal Flexibility Index and Rankings 2006, Cyprus leads the scores indicating the highest degree of fiscal flexibility among the 28 countries sampled. The basic characteristics of the Cyprus economy are the dominant role of the private sector in production, the small size of the domestic market, as well as its open character.
Cyprus’s major imports are ...
Global Competitiveness
Cyprus was ranked number 34 out of 133 countries by the World Economic Forum "Global Competitiveness Report 2009 - 2010". This represents a marked improvement on the ranking of 40 out of 133 countries in the same report for 2008 - 2010.
The Global Competitiveness Report is a yearly report published by the World Economic Forum. The first report was released in 1979. The 2009-2010 report ...
High per capita income
Cypriots enjoy a high standard of living. In terms of per capita income, estimated at CY£9.834 in 2005 (EUR 17.048), 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 ...
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 Major Economic Indicators
2008
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