Cyprus by the Numbers

Cyprus’ industrial sector relied primarily on oil and petroleum products and electricity in 2023, which together accounted for over half of its total energy use, according to Eurostat figures released on ...

Credit transfers remain the most popular non-cash payment method in Cyprus by total transaction value, accounting for 83 per cent, according to a report published on Thursday by the Central Bank ...

A recent study by the University of Cyprus’ Economics Research Centre (CypERC) has explored the relationship between changes in global commodity prices and domestic inflation in Cyprus. According to the ...

The European Union collected more than €33 billion in VAT revenue during 2024 through its e-commerce VAT systems, according to new data published this week, underscoring the impact of its 2021 VAT reform ...

Non-EU citizens in the European Union were more likely to work part-time in 2024 than EU nationals, underlining persistent disparities in employment patterns across citizenship groups, Eurostat data showed on Wednesday. ...

The Central Bank of Cyprus (CBC) on Tuesday reported total assets of €28.35 billion as of June 30, 2025, according to a report by governor Christodoulos Patsalides. The largest component of the central ...

The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the ...

Government debt across the euro area and European Union rose in the first quarter of 2025, while Cyprus recorded one of the largest annual decreases in debt and posted a strong ...

Cyprus’ general government net financial worth narrowed to –€7.7 billion at the end of the first quarter of 2025, reflecting an improved fiscal position, according to Eurostat data released on Monday.  The ...

Cyprus recorded a budget surplus of €619.1 million in the first quarter of 2025, according to preliminary fiscal data released on Monday by the Cyprus Statistical Service (Cystat). This marks an increase ...

Cyprus’ working life expectancy has climbed to 39 years, placing the island well above the EU average of 37.2 years in 2024, according to Eurostat data released on Friday. The figure reflects the ...

The construction materials price index reached 119.03 units in June, based on 2021 as the reference year, according to official data released on Friday. The Cyprus Statistical Service (Cystat) reported that this ...

Cyprus recorded one of the smallest declines in energy use across the EU services sector in 2023, as the bloc’s overall consumption fell by 1.9 per cent compared with the previous ...

Cyprus’ Harmonised Index of Consumer Prices (HICP) rose by 0.5 per cent year-on-year in June 2025, according to figures published by the statistical service on Thursday. When compared with the previous month, ...

Cyprus’ industrial production showed no change in May 2025, compared with the same month a year earlier, according to Eurostat, the statistical office of the European Union. This followed sustained growth ...

The construction sector in Cyprus recorded robust growth in 2023, with value added rising by 9.4 per cent compared to 2022, according to the results of a survey released on Tuesday by the ...

Total government employment in Cyprus reached 54,829 in June, marking an increase of 676 persons, a rise of 1.2 per cent compared to the same month in 2024, according to the state statistical service. ...

Cyprus recorded a trade deficit of €3.26 billion in the first five months of 2025, slightly up from €3.18 billion in the same period of 2024, according to figures released on Thursday by the ...

Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment ...

Beer exports from factories in Cyprus fell by 24.2 per cent in June 2025 compared to the same month last year, according to data from the Statistical Service (Cystat) this week. Exports ...

Cyprus recorded one of the fastest growth rates for ICT employment in the European Union over the past decade, with the number of ICT specialists rising by an average of 9.2 ...

Cyprus’ tertiary sector posted robust gains in 2023, with all branches of economic activity showing growth in production value, value added, and employment, according to the state statistical service. Specifically, Cystat’...

Electric and hybrid vehicles continued their upward trajectory in Cyprus during the first half of 2025, even though the overall motor vehicle market experienced a slight decline. According to a report ...

Cyprus recorded the strongest annual growth in retail trade among all EU member states in May 2025, according to updated figures released by Eurostat this week. Retail turnover on the island ...