Cyprus by the Numbers

The Cypriot insurance sector recorded a notable increase in premiums during 2023, surpassing €1 billion in turnover for another consecutive year, it emerged this week. Specifically, total premiums for 2023 reached €1.204 billion, marking ...

Cyprus’ Harmonised Consumer Price Index (HICP), a key measure of inflation, rose by 1.6 per cent year-on-year in October 2024, according to official data released on Tuesday. This figure reflects a modest ...

Cyprus’ Construction Material Price Index recorded a marginal increase in October 2024, according to a report released this week from the state’s statistical service. This follows a streak of eight ...

Inflation in Cyprus has slowed for a third consecutive month, according to the Consumer Protection Service. The service on Monday reported a decrease from 1.5 per cent in August to 0.7 per ...

The total weight of goods transported by road within Cyprus increased by 9.1 per cent during the second quarter of 2024 compared to the same period in 2023, according to a report from ...

Mortgage interest rates for new housing loans in Cyprus remained high during September 2024, despite the declining trend in rates set by the European Central Bank (ECB). According to a report ...

The downward trend of non-performing loans (NPLs) in Cyprus continued in August 2024, with an additional €15 million decrease. According to a report released on Tuesday from the Central Bank of Cyprus (...

Cyprus’ trade deficit narrowed to €5.6 billion for the first nine months of 2024, down from €6.78 billion in the same period of 2023, according to a report from the Cyprus Statistical Service (Cystat). ...

The total number of registered vehicles in Cyprus increased by 11.5 per cent during the January-October period of 2024, reaching 42,930, compared to 38,503 in the same period of 2023, according to a report from ...

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 ...