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Cyprus
Cyprus
HistorySaid – pattern
Cyprus matched the Export Boom Cycle pattern in 1994. 1 pattern matches detected historically. View →
HistorySaid – ranking
Cyprus ranks 89th globally by GDP ($37.6B in 2024). View →
HistorySaid – inflation
Inflation in Cyprus fell from 3.5% (2023) to 1.8% (2024) – a 1.7pp shift. View →
HistorySaid – population
Cyprus has a population of 1.4 million as of 2024 (growth: 0.99%). View →
Economy & Growth
GDP $37.6B
GDP per Capita $38,674
GDP Growth 3.94%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 1.19% | 1.15% | 1.16% | 0.86% Trend | 0.69% Trend | 0.52% Trend | – | – | – |
| GDP | $31.2B | $35.1B | $37.6B | $39.9B IMF WEO Oct 2025 | $43.2B IMF WEO Oct 2025 | $45.1B IMF WEO Oct 2025 | $47.4B IMF WEO Oct 2025 | $49.7B IMF WEO Oct 2025 | $52.2B IMF WEO Oct 2025 |
| GDP Deflator | 6.62% | 5.60% | 3.12% | 6.80% Trend | 7.93% Trend | 9.05% Trend | – | – | – |
| GDP Growth | 8.27% | 3.62% | 3.94% | 2.95% IMF WEO Oct 2025 | 2.84% IMF WEO Oct 2025 | 2.84% IMF WEO Oct 2025 | 3.01% IMF WEO Oct 2025 | 3.05% IMF WEO Oct 2025 | 2.97% IMF WEO Oct 2025 |
| GDP PPP | $52.5B | $57.3B | $61.3B | $61.5B IMF WEO Oct 2025 | $64.4B IMF WEO Oct 2025 | $67.3B IMF WEO Oct 2025 | $70.5B IMF WEO Oct 2025 | $73.9B IMF WEO Oct 2025 | $77.5B IMF WEO Oct 2025 |
| GDP per Capita | $33,231 | $36,624 | $38,674 | $42,413 IMF WEO Oct 2025 | $45,601 IMF WEO Oct 2025 | $47,453 IMF WEO Oct 2025 | $49,707 IMF WEO Oct 2025 | $52,058 IMF WEO Oct 2025 | $54,509 IMF WEO Oct 2025 |
| GDP per Capita PPP | $55,876 | $59,875 | $63,007 | $65,304 IMF WEO Oct 2025 | $68,029 IMF WEO Oct 2025 | $70,858 IMF WEO Oct 2025 | $73,969 IMF WEO Oct 2025 | $77,350 IMF WEO Oct 2025 | $80,941 IMF WEO Oct 2025 |
| GNI | $28.2B | $31.4B | $33.6B | $35.9B Trend | $38.2B Trend | $40.5B Trend | – | – | – |
| GNI per Capita | $31,810 | $32,340 | $32,870 | $35,159 Trend | $36,654 Trend | $38,149 Trend | – | – | – |
| Gross Savings | 13.71% | 11.74% | 12.47% | 11.31% IMF WEO Oct 2025 | 11.38% IMF WEO Oct 2025 | 11.24% IMF WEO Oct 2025 | 11.34% IMF WEO Oct 2025 | 11.22% IMF WEO Oct 2025 | 11.12% IMF WEO Oct 2025 |
| Industry Value Added | 10.38% | 11.33% | 11.14% | 10.37% Trend | 10.02% Trend | 9.67% Trend | – | – | – |
| Services Value Added | 77.16% | 76.22% | 76.48% | 77.32% Trend | 77.75% Trend | 78.18% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 1.80%
Consumer Price Index 119.22
PPP Conversion Factor 0.57
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 113.11 | 117.11 | 119.22 | 125.38 Trend | 130.13 Trend | 134.88 Trend | – | – | – |
| Inflation Rate | 8.40% | 3.54% | 1.80% | 0.72% IMF WEO Oct 2025 | 1.32% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 |
| PPP Conversion Factor | 0.56 | 0.57 | 0.57 | 0.56 Trend | 0.56 Trend | 0.55 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 1.4M
Population Growth 0.98%
Population Density 145.6
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 10.8 | – | – | 10.8 Trend | 10.8 Trend | – | – |
| Death Rate | 7.1 | – | – | 7.8 Trend | 8.0 Trend | – | – |
| Dependency Ratio | 43.63 | 44.28 | – | 44.81 Trend | 45.39 Trend | 45.96 Trend | – |
| Fertility Rate | 1.39 | – | – | 1.43 Trend | 1.45 Trend | – | – |
| Life Expectancy | 81.6 | – | – | 80.9 Trend | 80.9 Trend | – | – |
| Net Migration | 8,697 | 8,138 | 7,749 | – | 7,370 Trend | 6,964 Trend | 6,558 Trend |
| Population | 1.3M | 1.4M | – | 1.4M Trend | 1.4M Trend | 1.4M Trend | – |
| Population Density | 145.6 | – | – | 148.8 Trend | 150.4 Trend | – | – |
| Population Growth | 1.02% | 0.98% | – | 0.91% Trend | 0.85% Trend | 0.80% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 66.67% | 66.68% | – | 66.66% Trend | 66.66% Trend | 66.65% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 4.92%
Youth Unemployment 12.71%
Labor Force Participation 66.96%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Employment | 2.46% | 2.20% | 2.15% | – | 1.94% Trend | 1.78% Trend | 1.62% Trend | – | – |
| Female Labor Participation | 62.50% | 61.41% | 61.21% | – | 62.24% Trend | 62.59% Trend | 62.95% Trend | – | – |
| Industry Employment | 16.13% | 16.34% | 16.27% | – | 15.53% Trend | 15.12% Trend | 14.71% Trend | – | – |
| Labor Force Participation | 67.95% | 67.19% | 66.96% | – | 67.40% Trend | 67.45% Trend | 67.51% Trend | – | – |
| Services Employment | 81.41% | 81.46% | 81.58% | – | 82.53% Trend | 83.10% Trend | 83.67% Trend | – | – |
| Unemployment Rate | 5.84% | 4.90% | 4.92% | 4.49% IMF WEO Oct 2025 | 4.68% IMF WEO Oct 2025 | 4.68% IMF WEO Oct 2025 | 4.68% IMF WEO Oct 2025 | 4.68% IMF WEO Oct 2025 | 4.68% IMF WEO Oct 2025 |
| Youth Unemployment | 16.22% | 12.86% | 12.71% | – | 11.10% Trend | 9.62% Trend | 8.14% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 23.27%
Government Spending 38.46%
Military Spending 1.65%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | 2.65% | 1.70% | 4.28% | 3.41% IMF WEO Oct 2025 | 3.17% IMF WEO Oct 2025 | 3.00% IMF WEO Oct 2025 | 2.60% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 1.38% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 81.06% | 73.63% | 65.09% | 57.71% IMF WEO Oct 2025 | 53.69% IMF WEO Oct 2025 | 48.71% IMF WEO Oct 2025 | 44.26% IMF WEO Oct 2025 | 42.16% IMF WEO Oct 2025 | 38.31% IMF WEO Oct 2025 |
| Government Revenue | 40.64% | 43.66% | 44.26% | 44.58% IMF WEO Oct 2025 | 43.99% IMF WEO Oct 2025 | 42.96% IMF WEO Oct 2025 | 42.93% IMF WEO Oct 2025 | 42.81% IMF WEO Oct 2025 | 42.69% IMF WEO Oct 2025 |
| Government Spending | 36.20% | 38.46% | – | 36.47% Trend | 35.71% Trend | – | – | – | – |
| Health Spending | 8.27% | 8.12% | – | 8.93% Trend | 9.12% Trend | – | – | – | – |
| Military Spending | 1.72% | 1.65% | 1.65% | 1.55% Trend | 1.49% Trend | 1.42% Trend | – | – | – |
| Tax Revenue | 22.95% | 23.27% | – | 23.32% Trend | 23.46% Trend | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Debt Service | – | – | – | – | – |
| Domestic Credit | – | – | – | – | – |
| External Debt | – | – | – | – | – |
| External Debt to GNI | – | – | – | – | – |
| Interest Payments to Revenue | 4.21% | 3.28% | 2.94% | 1.47% Trend | 0.79% Trend |
| Short-term Debt | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Money
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 70.81% | 60.57% | 56.66% | 38.44% Trend | 25.80% Trend | 13.15% Trend |
| Deposit Rate | – | – | – | – | – | – |
| Lending Rate | – | – | – | – | – | – |
| M2 Money Supply Growth | – | – | – | – | – | – |
| Non-Performing Loans | 7.66% | 6.11% | – | -0.76% Trend | -3.69% Trend | – |
| Real Interest Rate | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 0.92
Real Effective Exchange Rate 98.33
Foreign Reserves $2.1B
▾
| Indicator | 2024 | 2025 | 2026 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|
| Exchange Rate | 0.92 | – | – | 0.96 Trend | 0.97 Trend | 0.99 Trend | – | – |
| Foreign Reserves | $2.1B | – | – | $2.2B Trend | $2.4B Trend | $2.6B Trend | – | – |
| Real Effective Exchange Rate | 88.06 | 99.56 | 98.33 | – | – | 102.60 Trend | 106.09 Trend | 109.58 Trend |
| Reserves in Months of Imports | 0.3 | – | – | 0.4 Trend | 0.4 Trend | 0.4 Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $36.5B
Imports $35.1B
Trade Balance $1.4B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -6.98% | -9.70% | -8.16% | -8.46% IMF WEO Oct 2025 | -9.09% IMF WEO Oct 2025 | -9.41% IMF WEO Oct 2025 | -9.85% IMF WEO Oct 2025 | -10.05% IMF WEO Oct 2025 | -9.98% IMF WEO Oct 2025 |
| Exports | $32.6B | $33.8B | $36.5B | $41.7B Trend | $45.6B Trend | $49.4B Trend | – | – | – |
| FDI Inflows | 0.17% | -63.15% | -133.82% | -22.38% Trend | 1.56% Trend | 25.50% Trend | – | – | – |
| FDI Outflows | -17.39% | -95.17% | -148.41% | -17.49% Trend | 19.07% Trend | 55.63% Trend | – | – | – |
| Imports | $31.5B | $33.1B | $35.1B | $40.0B Trend | $43.6B Trend | $47.2B Trend | – | – | – |
| Remittances Received | $522.5M | $633.3M | $677.0M | $673.0M Trend | $695.5M Trend | $718.0M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $1.1B | $715.3M | $1.4B | $1.7B Trend | $1.9B Trend | $2.2B Trend | – | – | – |
| Trade Openness | 205.75% | 190.74% | 190.40% | 206.89% Trend | 214.23% Trend | 221.57% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 29.04%
Stock Turnover Ratio 1.40%
Listed Companies 93
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | – | – | – | – | – | – |
| Listed Companies | 92 | 94 | 93 | 94 Trend | 94 Trend | 95 Trend |
| Market Capitalization | 20.93% | 29.59% | 29.04% | 33.01% Trend | 36.24% Trend | 39.47% Trend |
| Stock Turnover Ratio | 0.71% | 0.83% | 1.40% | 1.30% Trend | 1.45% Trend | 1.59% Trend |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 0.41
Government Effectiveness 0.74
Regulatory Quality 0.78
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | 0.37 | 0.42 | 0.33 | 0.23 Trend | 0.18 Trend |
| Government Effectiveness | 0.70 | 0.73 | 0.74 | 0.57 Trend | 0.52 Trend |
| Political Stability | 0.42 | 0.42 | 0.41 | 0.36 Trend | 0.35 Trend |
| Regulatory Quality | 0.85 | 0.77 | 0.78 | 0.61 Trend | 0.55 Trend |
| Rule of Law | 0.61 | 0.57 | 0.63 | 0.55 Trend | 0.53 Trend |
| Voice and Accountability | 0.86 | 0.85 | 0.97 | 0.85 Trend | 0.83 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $2,899
Infant Mortality Rate 2.9
Maternal Mortality Ratio 14.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $2,948 | $2,749 | $2,899 | $3,414 Trend | $3,612 Trend |
| Hospital Beds | 2.13 | 2.15 | – | 2.12 Trend | – |
| Infant Mortality Rate | 2.7 | 2.8 | 2.9 | 3.0 Trend | 3.1 Trend |
| Maternal Mortality Ratio | 98.00 | 53.00 | 14.00 | 40.20 Trend | 37.00 Trend |
| Physicians | 3.36 | 3.56 | – | 4.15 Trend | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 98.68%
Tertiary Enrollment 99.02%
Education Spending 4.74%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Education Spending | 5.08% | 4.74% | – | 4.39% Trend | – |
| Literacy Rate | – | – | – | – | – |
| Primary Enrollment | 99.10% | 97.00% | 98.59% | 96.18% Trend | 95.43% Trend |
| Tertiary Enrollment | 96.54% | 98.30% | 99.02% | 105.63% Trend | 108.28% Trend |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 15.60%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 100.00% | 100.00% | 100.00% | 100.00% Trend | 100.00% Trend |
| Energy Use per Capita | 1,666 | 1,683 | 1,673 | 1,633 Trend | 1,620 Trend |
| Forest Area | 18.67% | 18.67% | 18.67% | 18.66% Trend | 18.66% Trend |
| Renewable Energy | 15.60% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 91.22%
Mobile Subscriptions 155.70
R&D Spending 0.75%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 17.66% | 18.74% | 18.03% | 20.83% Trend | 22.27% Trend | 23.70% Trend |
| Internet Users | 89.60% | 91.22% | – | 93.34% Trend | 94.25% Trend | – |
| Mobile Subscriptions | 151.24 | 155.70 | – | 163.97 Trend | 168.39 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | 0.75% | – | – | 0.92% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 31.8
Poverty Rate 0.00%
Income Share Top 10% 26.30%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Gini Index | 31.3 | 31.5 | 31.8 | 31.9 Trend | 32.0 Trend |
| Income Share Bottom 10% | 3.50% | 3.60% | 3.60% | 3.64% Trend | 3.66% Trend |
| Income Share Top 10% | 25.70% | 26.20% | 26.30% | 26.60% Trend | 26.75% Trend |
| Poverty Rate | 0.00% | 0.00% | 0.00% | -0.12% Trend | -0.16% Trend |
Italic values are IMF World Economic Outlook projections.