Cyprus by the Numbers

Inflation in Cyprus dropped to a three-year low of 0.6 per cent in October, mainly due to falling petroleum prices, according to a report from the Cyprus Statistical Service (Cystat). Still, ...

The Cyprus government recorded a reduced deficit of €39 million in the second quarter of 2024, marking a sharp improvement from the €260.8 million deficit reported for the same period last year. This ...

Cyprus saw a significant rise in beer deliveries from local factories in October, both in the domestic market and especially in exports. According to a report from the Cyprus Statistical ...

The average gross monthly salary for employees in Cyprus reached €2,363 in 2023, reflecting a 7.3 per cent increase from 2022, according to the Cyprus Statistical Service. This follows a 7.1 per cent increase in 2022, ...

The number of registered unemployed individuals in Cyprus saw a 15.7 per cent decrease in October 2024 compared to the same month last year, according to a report from the Cyprus Statistical ...

The value of bounced cheques in Cyprus plummeted by 65 per cent in the period from January to October 2024, according to a report released this week from the Central Bank of ...

The Retail Trade Turnover Value Index in Cyprus saw a 3.1 per cent increase in September 2024 compared to the same month in 2023, according to a report from the Cyprus Statistical Service. ...

Cyprus recorded an increase in short-term household deposit rates in September, alongside declines in consumer and housing loan rates, according to the Central Bank of Cyprus (CBC). Deposits The rate ...

Cyprus recorded a substantial improvement in its current account balance in the second quarter of 2024, with the deficit narrowing from €285.4 million in Q2 2023 to €52.9 million, according to preliminary data from ...

Cyprus’ government recorded a €1.4 billion surplus for the January–September 2024 period, representing 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service. This marks a more than ...

The prices within Cyprus’ industrial sector and manufacturing industry have recorded a new decrease, according to a report released this week by the Cyprus Statistical Service (Cystat). Specifically, the Producer ...

October saw high visitor numbers at restaurants, cafes and bars in Cyprus, with occupancy rates reaching 80 to 90 per cent, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre ...

Industrial production in Cyprus increased by 1.2 per cent in August 2024 compared to August 2023, according to a report released this week by the Cyprus Statistical Service (Cystat). According to the report, ...

Total sales of oil products in Cyprus reached 130,124 tonnes in September 2024, marking a marginal decrease of 0.4 per cent compared to September 2023, according to a report from the Cyprus Statistical Service (...

Cyprus’ refinancing needs will remain within manageable levels for the coming years, well below the ten per cent of GDP threshold. Projections estimate requirements at around three per cent of ...

Cyprus recorded a 9.83 per cent enterprise birth rate and a 5.8 per cent business closure rate, positioning it moderately among EU countries for business growth and stability, according to a Eurostat ...

The Central Bank of Cyprus reported on Friday that total loans in Cyprus increased by €107.3 million in September, reversing a decline recorded in the previous month. This growth was primarily ...

The Cyprus Consumer Protection Service on Friday reported that inflation in September rose by 0.7 per cent year-on-year. Agricultural products saw a month-on-month increase of 3.1 per cent, while a 4.78 per cent ...

Cyprus recorded a fiscal surplus of €631.80 million in 2023, corresponding to 2 per cent of its GDP, according to a report from the state’s statistical service. Meanwhile, the public debt for ...

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 ...