Cyprus by the Numbers

Cyprus’ gross government debt-to-GDP ratio stood at 70.5 per cent at the end of the second quarter, reflecting a drop both on an annual and quarterly basis. In contrast, the eurozone’...

Cyprus’ gross domestic product (GDP) in nominal terms (current prices) reached €31.34 billion in 2023. This marks a growth rate of 6.5 per cent, according to the major revision of national accounts for 1995–2022 ...

Cyprus’ harmonised inflation rate decelerated to 1.6 per cent in September 2024, matching the rate recorded in March of this year, which was the lowest recorded during the past 33 months. This figure ...

The Cyprus Statistical Service (CyStat) reported robust growth across key sectors of the economy in the first half of 2024, with manufacturing, construction, and tourism showing notable gains. Manufacturing production rose ...

Tech firms have recently warned that soaring office rents – now exceeding those in London and Amsterdam – pose a serious threat to Cyprus’ goal of becoming a tech hub. The rising ...

The rate of inflation hit a three-year low 0.7 per cent in September, mainly because of the fall in oil prices. According to the Cyprus Statistical Service (Cystat), the Consumer Price ...

The value and volume of turnover in Cyprus’ retail trade saw a notable increase in August 2024 compared to August 2023, according to the Cyprus Statistical Service (Cystat). According to the report, ...

Cyprus’ tourism revenue reached €474 million in July 2024, marking a 4.3 per cent rise compared to €454.6 million in the same month the previous year, according to data from the Cyprus Statistical Service (...

The prices of vegetables and greens saw a 41.7 per cent increase in August, the sharpest rise among 18 categories that recorded price hikes, according to the Cyprus Consumers Association. More reassuringly ...

Cyprus’ wholesale trade and motor vehicle sectors grew during the second quarter of 2024, according to a report released on Monday by the Cyprus Statistical Service (Cystat). Specifically, the turnover value ...

The profitability of the Cypriot banking sector surged in the first half of 2024, with after-tax profits rising to €602.92 million, compared to €345.64 million at the end of March 2024. According to the ...

Cyprus’ construction materials price index for August 2024 recorded a slight decrease of 0.08 per cent when compared to the same month in 2023. According to a report released by the Cyprus Statistical ...

Cyprus experienced a 4.8 per cent increase in hourly labour costs during the second quarter of 2024 when compared to the same period from last year. According to a report from the ...

The number of job vacancies rose by 5.8 per cent year-on-year in the second quarter of 2024, with an increase of 4.1 per cent compared to the first quarter of the year. According ...

Government employment in Cyprus recorded a 3.9 per cent increase in the first eight months of this year compared to the same period in 2023, according to a report released this week ...

Cyprus’ trade deficit narrowed in the first seven months of 2024, reaching €4.31 billion compared to €5.19 billion during the same period in 2023, according to a report by the Cyprus Statistical Service (Cystat). ...

Cyprus saw an increase of 15.9 per cent in the total number of motor vehicle registrations during the first eight months of the year, totalling 34,391, up from 29,673 in the same period ...

Employment in Cyprus increased by 2.1 per cent in the second quarter of 2024, with both the number of people employed and the total hours worked showing growth. According to provisional estimates ...

Cyprus saw a significant rise in consumer prices in August 2024, with olive oil prices soaring by 62 per cent compared to August 2023. According to the latest Consumer Price Index data, which ...

Inflation in Cyprus stood at 1.5 per cent in August, its lowest level since March of this year, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. ...

Cyprus’ Turnover Value Index for the transport and storage sector reached 139.4 units in the second quarter of 2024, marking an increase of 1.8 per cent compared to the same period last year. ...

The implementation rate of development expenses from the state budget stood at 29 per cent at the end of July, according to a report by the Treasury. This is slightly higher ...

The number of registered unemployed individuals in Cyprus decreased by 8.9 per cent in August 2024 compared to the same month in 2023. According to a report released on Wednesday by the Cyprus ...

Administrative, support and real estate services in Cyprus performed well during the second quarter of 2024, according to the latest services turnover value index report. Specifically, according to the Cyprus Statistical ...