Cyprus by the Numbers

Cyprus recorded a positive economic growth rate of 3.4 per cent in real terms for 2024, with its gross domestic product (GDP) reaching €33.57 billion at current prices. In addition, according a report ...

The International Monetary Fund (IMF) on Tuesday revised down its forecast for Cyprus’ economic growth, projecting a rate of 2.5 per cent of GDP in 2025. This is significantly lower than its ...

Cyprus recorded the second highest budget surplus among European Union member states in 2024, according to data released by Eurostat on Tuesday. The island tied with Ireland, with both countries reporting ...

Cyprus recorded a 2.1 per cent year-on-year increase in the Harmonised Index of Consumer Prices (HICP) in March, when compared with March 2024, according to official figures released on Thursday. Moreover, on ...

The Cyprus Statistical Service released its bimonthly economic development bulletin on Tuesday, covering activity across a number of sectors for January and February 2025. Specifically, the report offers detailed updates on ...

Cyprus remains heavily reliant on imported medicines, with only around 40 per cent of authorised pharmaceutical products actually available on the island, according to a European Commission staff working document on ...

Cyprus’ government workforce increased by 574 people in March 2025, marking a one per cent annual rise and bringing the total number of employees to 55,325, according to the state statistical service. The ...

The value of bounced cheques in Cyprus rose to €156,564 in the first quarter of 2025, according to data published on Thursday by the Central Bank of Cyprus (CBC). The CBC noted ...

Cyprus recorded a trade deficit of €1.24 billion during the first two months of 2025, marking an increase of €102.7 million compared to the same period in 2024, according to the state statistical service. ...

Six in ten young people in Cyprus see finding a job as their biggest challenge, while a quarter are worried about the country’s future and one in five say ...

Cyprus saw a 14.8 per cent decline in total beer sales in March, when compared to the same period in 2024, according to the latest data released by the state statistical service ...

The Industrial Turnover Index in Cyprus reached 128.1 units in January 2025, with 2021 serving as the base year set at 100 points. This marked a 5.8 per cent increase compared with January 2024, according to ...

The number of registered unemployed persons in Cyprus recorded a slight decrease in March 2025, according to seasonally adjusted data released by the Cyprus Statistical Service (Cystat). Specifically, the total figure ...

Inflation in Cyprus for March stood at 1.6 per cent, according to the latest Consumer Price Index (CPI) data released this week by the Cyprus Statistical Service. The index rose to 117.25 ...

The volume of new loans in Cyprus fell by 22.8 per cent in February 2025, reaching €246.1 million, compared to €318.7 million in January. According to a report released this week by the Central ...

The retail trade sector in Cyprus exhibited strong growth in February 2025, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Specifically, the turnover value index rose ...

The number of building permits issued in Cyprus during November 2024 fell by 28.1 per cent compared to the same month in 2023, according to a report released on Wednesday by the state ...

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

Cyprus’ Producer Price Index (PPI) in industry for February 2025 fell by 0.5 per cent year-on-year in February, according a report released this week by the state statistical service. Specifically, the index ...

Cyprus’ hourly labour costs saw a modest increase yet remain below the European average, according to the latest Eurostat data. The average hourly labour cost in Cyprus in 2024 rose to €21, ...

Pharmaceuticals, alongside halloumi cheese, remained key drivers of Cyprus’ exports in 2024, despite a slight downturn, according to the Cyprus Statistical Service (Cystat). Specifically, pharmaceuticals accounted for 14.4 per cent of the ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

Cyprus’ total public debt decreased to €20.92 billion as of December 31, 2024, down from €22.18 billion a year earlier, according to the fiscal report of the Republic of Cyprus for the financial year 2024. ...

Sales of oil products at service stations in Cyprus saw a 2.5 per cent increase in February, reaching 57,326 tonnes, compared to 55,909 tonnes in February 2024, according to a report from the statistical ...