Cyprus in figures

Government debt in Cyprus more than doubled between 2008 and 2014 and peaked at 113.6% of GDP in 2020. By 2025 it was 55.3%, and the IMF projected 32.1% for 2031. Output shrank in 2012, 2013 and 2014, when unemployment reached 16.3%. Since 2015 the economy has grown in every year but 2020.

GDP

$41.2 bn

2025

from $10.0 bn in 2000

GDP per person

$41 783

2025

from $14 388 in 2000

Real growth

3.8%

2025

from 6.0% in 2000

Inflation

0.1%

2025

from 4.1% in 2000

Unemployment

4.9%

2025

from 4.8% in 2000

Government debt

55.3%of GDP

2025

from 56.0% in 2000

Economy

How large Cyprus's economy is, how fast it grows and what it is made of

Growth held between 2.6% and 6.0% a year from 2000 to 2008. Output fell 2.0% in 2009. After two small gains it fell three years running, by 6.6% at the worst in 2013. From 2015 to 2019 it grew by 3.4% to 6.6% a year. After 3.2% down in 2020 came 11.4% in 2021, the fastest year in the series. In current dollars the economy shrank from $28.0 billion in 2008 to $19.9 billion in 2015, then reached $41.2 billion in 2025. Just over three quarters of GDP, 76.8%, came from services in 2025; in 2000 the share was 69.8%. Industry with construction accounted for 11.2% in 2025, after 18.2% in 2007 and 10.0% in 2014. Manufacturing made up 4.4% in 2025 and agriculture, forestry and fishing 1.1%.

GDP, current US dollars

$41.2 bn2025

World Bank
Data
YearGDP, current US dollars
2025$41.2 bn
2024$37.6 bn
2023$35.1 bn
2022$31.2 bn
2021$30.4 bn
2020$25.6 bn
2019$26.2 bn
2018$25.8 bn
2017$22.9 bn
2016$21.0 bn
2015$19.9 bn
2014$23.2 bn
2013$24.0 bn
2012$25.0 bn
2011$27.6 bn
2010$25.8 bn
2009$26.0 bn
2008$28.0 bn
2007$24.0 bn
2006$20.1 bn
2005$18.4 bn
2004$17.3 bn
2003$14.5 bn
2002$11.4 bn
2001$10.4 bn
2000$10.0 bn

Series World Bank NY.GDP.MKTP.CD

Real GDP growth

3.8%2025

World Bank · IMF World Economic Outlook
Data
YearGrowth
2031 (projection)3.0%
2030 (projection)3.0%
2029 (projection)3.0%
2028 (projection)3.0%
2027 (projection)3.0%
2026 (projection)3.0%
20253.8%
20243.9%
20233.6%
20228.7%
202111.4%
2020−3.2%
20195.9%
20186.3%
20175.8%
20166.6%
20153.4%
2014−1.8%
2013−6.6%
2012−3.5%
20110.4%
20102.3%
2009−2.0%
20083.6%
20075.1%
20064.7%
20054.8%
20045.0%
20032.6%
20023.7%
20014.0%
20006.0%

Series World Bank NY.GDP.MKTP.KD.ZG · IMF World Economic Outlook NGDP_RPCH

GDP per person

$41 7832025

At market exchange ratesAt purchasing power parity

World Bank
Data
YearGDP per personAt purchasing power
2025$41 783$64 575
2024$38 674$63 007
2023$36 624$59 875
2022$33 231$55 876
2021$32 938$47 633
2020$28 130$42 569
2019$29 227$44 394
2018$29 120$40 262
2017$26 247$37 768
2016$24 280$35 247
2015$23 088$31 380
2014$26 993$29 893
2013$27 765$30 416
2012$28 992$31 924
2011$32 486$33 406
2010$31 105$33 502
2009$32 236$33 901
2008$35 542$34 830
2007$31 245$32 888
2006$26 729$30 009
2005$24 959$27 763
2004$23 793$25 942
2003$20 252$24 278
2002$16 093$23 556
2001$14 821$22 866
2000$14 388$21 296

Series World Bank NY.GDP.PCAP.CD · World Bank NY.GDP.PCAP.PP.CD

Value added, share of GDP

Manufacturing has its own band and is left out of other industry. The remainder is taxes on products less subsidies, which the national accounts add to reach GDP.

200070%8%10%9%
202577%11%
  • Services
  • Manufacturing
  • Other industry and construction
  • Agriculture, forestry, fishing
  • Taxes less subsidies
World Bank

Prices and work

What prices and jobs did

Prices fell in each year from 2013 to 2016, by 2.1% in 2015, and again in 2020. In 2022 they rose 8.4%, and in 2025 just 0.1%. Unemployment went from 3.3% in 2002 to 16.3% in 2014, then fell back to 4.9% in 2024 and 2025. Youth joblessness reached 38.1% in 2013.

Inflation, consumer prices

0.1%2025

World Bank · IMF World Economic Outlook
Data
YearInflation
2031 (projection)2.0%
2030 (projection)2.0%
2029 (projection)2.0%
2028 (projection)2.0%
2027 (projection)1.6%
2026 (projection)2.6%
20250.1%
20241.8%
20233.5%
20228.4%
20212.5%
2020−0.6%
20190.3%
20181.4%
20170.5%
2016−1.4%
2015−2.1%
2014−1.4%
2013−0.4%
20122.4%
20113.3%
20102.4%
20090.3%
20084.7%
20072.4%
20062.3%
20052.6%
20042.3%
20034.1%
20022.8%
20012.0%
20004.1%

Series World Bank FP.CPI.TOTL.ZG · IMF World Economic Outlook PCPIPCH

Unemployment

4.9%2025

All agesAges 15 to 24

World Bank
Data
YearUnemploymentAges 15 to 24
20254.9%12.7%
20244.9%12.9%
20235.8%16.2%
20226.8%18.7%
20217.5%17.2%
20207.8%18.5%
20197.2%16.9%
20188.5%20.6%
201711.2%25.0%
201613.0%28.9%
201515.0%32.5%
201416.3%35.5%
201316.1%38.1%
201212.1%27.2%
20117.9%21.2%
20106.4%15.8%
20095.6%13.3%
20083.8%8.5%
20074.0%9.5%
20064.6%9.9%
20055.5%13.5%
20044.8%10.2%
20034.2%8.6%
20023.3%7.5%
20014.0%8.0%
20004.8%8.9%

Series World Bank SL.UEM.TOTL.ZS · World Bank SL.UEM.1524.ZS

Trade

How open the economy is

Measured against GDP, exports slid from 70.0% in 2000 to 48.7% in 2009, then rose in most years to 104.7% in 2022. The current account stayed in deficit throughout. It was 14.4% of GDP in 2008, 0.2% in 2015 and 6.3% in 2025. Net foreign direct investment swung from 431.8% of GDP in 2019 to −296.0% in 2020.

Exports and imports, share of GDP

97.6%2025

ExportsImports

World Bank
Data
YearExports of goods and servicesImports
202597.6%91.9%
202497.0%93.4%
202396.4%94.3%
2022104.7%101.1%
202190.8%86.1%
202079.7%81.0%
201975.8%74.8%
201874.5%73.1%
201773.8%74.2%
201670.5%68.5%
201570.0%67.3%
201466.0%64.9%
201361.3%59.6%
201255.3%57.1%
201153.5%57.2%
201050.3%58.6%
200948.7%54.1%
200850.1%62.8%
200753.3%58.0%
200653.4%56.4%
200555.7%56.2%
200456.9%57.0%
200357.8%56.2%
200262.4%61.2%
200168.2%63.6%
200070.0%67.5%

Series World Bank NE.EXP.GNFS.ZS · World Bank NE.IMP.GNFS.ZS

Current account balance, share of GDP

−6.3%2025

World Bank
Data
YearCurrent account balance
2025−6.3%
2024−8.2%
2023−9.7%
2022−7.0%
2021−5.6%
2020−9.7%
2019−5.5%
2018−3.7%
2017−4.9%
2016−3.9%
2015−0.2%
2014−4.1%
2013−1.5%
2012−3.9%
2011−2.1%
2010−10.8%
2009−6.7%
2008−14.4%
2007−7.6%
2006−6.4%
2005−5.3%
2004−4.8%
2003−2.0%
2002−3.3%
2001−3.1%
2000−4.9%

Series World Bank BN.CAB.XOKA.GD.ZS

Foreign direct investment, net inflows, share of GDP

27.1%2025

World Bank
Data
YearForeign direct investment, net inflows
202527.1%
2024−133.8%
2023−63.1%
20220.2%
202121.8%
2020−296.0%
2019431.8%
2018307.1%
2017184.1%
201615.8%
2015137.2%
2014233.2%
2013108.1%
2012289.9%
2011151.7%
2010125.3%
2009252.7%
200844.4%
20079.6%
20069.3%
20056.3%
20046.5%
20036.2%
20029.7%
20019.1%
20008.6%

Series World Bank BX.KLT.DINV.WD.GD.ZS

Public finances

What the state owes and borrows

Public debt stood at 44.1% of GDP in 2008, rose above GDP itself in 2013, to 102.7%, and reached 113.0% in 2014. It eased to 92.3% in 2019. In 2020 it was back at 113.6%, and after that it fell every year, to 55.3% in 2025 by the IMF's estimate. The budget was in surplus by 4.1% of GDP in 2024 and 3.0% in 2025, against a deficit of 8.8% in 2014. The IMF projected debt of 50.9% for 2026 and 32.1% for 2031.

General government gross debt, share of GDP

55.3%2025

IMF World Economic Outlook
Data
YearGeneral government gross debt
2031 (projection)32.1%
2030 (projection)35.1%
2029 (projection)38.7%
2028 (projection)42.4%
2027 (projection)46.6%
2026 (projection)50.9%
202555.3%
202462.8%
202371.1%
202280.3%
202196.5%
2020113.6%
201992.3%
2018100.7%
201796.4%
2016106.8%
2015111.6%
2014113.0%
2013102.7%
201279.2%
201164.8%
201055.3%
200952.8%
200844.1%
200753.1%
200659.0%
200564.0%
200464.7%
200363.0%
200261.0%
200157.5%
200056.0%

Series IMF World Economic Outlook GGXWDG_NGDP

Government net lending or borrowing, share of GDP

3.0%2025

Below zero the government borrowed.

IMF World Economic Outlook
Data
YearGeneral government net lending or borrowing
2031 (projection)1.6%
2030 (projection)1.8%
2029 (projection)2.2%
2028 (projection)2.4%
2027 (projection)2.5%
2026 (projection)2.6%
20253.0%
20244.1%
20231.7%
20222.7%
2021−1.6%
2020−5.6%
20191.0%
2018−3.4%
20172.1%
20160.5%
2015−0.8%
2014−8.8%
2013−5.2%
2012−5.6%
2011−5.7%
2010−4.7%
2009−5.4%
20080.9%
20073.2%
2006−1.0%
2005−2.2%
2004−3.7%
2003−5.9%
2002−4.1%
2001−2.1%
2000−2.2%

Series IMF World Economic Outlook GGXCNL_NGDP

Tax revenue, share of GDP

23.9%2024

World Bank
Data
YearTax revenue
202423.9%
202323.3%
202223.0%
202122.6%
202021.9%
201923.1%
201823.8%
201723.8%
201623.5%
201524.1%
201424.7%
201323.5%
201223.3%
201123.1%
201023.1%
200923.3%
200826.9%
200728.4%
200624.3%
200523.2%
200421.8%
200322.0%
200221.4%
200121.3%
200020.8%

Series World Bank GC.TAX.TOTL.GD.ZS

People

Who lives in Cyprus

The World Bank counts a rise every year, from 947,667 people in 2000 to 1,370,754 in 2025. Net migration added 12,814 people in 2002 and 7,749 in 2025. Since 2012 the yearly number has shrunk. Residents over 65 went from 9.9% of the total in 2000 to 14.9% in 2025, and births per woman were 1.38 in 2024, while life expectancy at birth rose from 77.9 years in 2000 to 81.8 years in 2024.

Population

1.37 m2025

The axis does not start at zero, so the change looks larger than it is.

World Bank
Data
YearPopulation
20251.37 m
20241.36 m
20231.34 m
20221.33 m
20211.32 m
20201.30 m
20191.29 m
20181.27 m
20171.25 m
20161.24 m
20151.22 m
20141.20 m
20131.18 m
20121.17 m
20111.15 m
20101.13 m
20091.11 m
20081.09 m
20071.07 m
20061.05 m
20051.04 m
20041.02 m
2003999 590
2002981 440
2001964 127
2000947 667

Series World Bank SP.POP.TOTL

Age structure, share of the population
65 and over14.9%15 to 6469.0%Under 1516.1%
World Bank
Data
YearAged 0 to 1415 to 6465 and over
202516.1%69.0%14.9%
202416.1%69.3%14.6%
202316.1%69.6%14.3%
202216.0%69.9%14.1%
202116.0%70.2%13.8%
202015.9%70.4%13.6%
201915.9%70.7%13.4%
201815.9%70.9%13.2%
201715.9%71.1%12.9%
201615.9%71.3%12.7%
201516.0%71.5%12.5%
201416.1%71.7%12.3%
201316.2%71.8%12.0%
201216.4%71.8%11.8%
201116.6%71.8%11.6%
201017.0%71.7%11.3%
200917.5%71.4%11.1%
200818.1%71.1%10.9%
200718.7%70.7%10.7%
200619.3%70.2%10.5%
200519.9%69.7%10.3%
200420.5%69.3%10.2%
200321.0%68.9%10.1%
200221.3%68.6%10.1%
200121.7%68.2%10.0%
200022.3%67.8%9.9%

Series World Bank SP.POP.0014.TO.ZS · World Bank SP.POP.1564.TO.ZS · World Bank SP.POP.65UP.TO.ZS

Births per woman

1.382024

World Bank
Data
YearBirths per woman
20241.38
20231.39
20221.39
20211.39
20201.36
20191.33
20181.32
20171.32
20161.36
20151.32
20141.31
20131.30
20121.38
20111.36
20101.43
20091.48
20081.48
20071.45
20061.51
20051.48
20041.51
20031.51
20021.50
20011.57
20001.64

Series World Bank SP.DYN.TFRT.IN

Life expectancy at birth

81.8 years2024

World Bank
Data
YearLife expectancy at birth
202481.8 years
202381.7 years
202280.4 years
202180.6 years
202081.2 years
201981.5 years
201881.6 years
201781.5 years
201681.5 years
201581.5 years
201481.3 years
201381.3 years
201281.1 years
201180.9 years
201080.6 years
200980.4 years
200879.9 years
200779.8 years
200679.5 years
200579.2 years
200479.0 years
200378.9 years
200278.8 years
200178.2 years
200077.9 years

Series World Bank SP.DYN.LE00.IN

Net migration

7 7492025

People arriving less people leaving, each year. The largest net inflow in the series was 12 814 people, in 2002.

World Bank
Data
YearNet migration
20257 749
20248 138
20238 697
20229 014
20219 341
20209 653
20199 983
201810 311
201710 632
201610 951
201511 277
201411 599
201311 914
201212 237
201112 566
201011 793
200911 555
200811 887
200712 332
200612 110
200512 616
200412 583
200312 786
200212 814
200111 283
200010 753

Series World Bank SM.POP.NETM

Living standards

Health, schooling, the internet and inequality

The share of Cypriots online climbed from 15.3% in 2000 to 89.6% in 2024. Health took 8.9% of GDP in 2021 and 8.1% in 2023. The Gini coefficient climbed from 30.1 in 2004 to 37.0 in 2013 and was 31.8 in 2023. Public spending on education was 7.2% of GDP in 2009 and 4.7% in 2022.

Health spending, share of GDP

8.1%2023

World Bank
Data
YearHealth spending
20238.1%
20228.3%
20218.9%
20208.7%
20197.0%
20186.8%
20176.6%
20166.7%
20156.8%
20146.9%
20136.9%
20126.5%
20116.4%
20106.5%
20096.5%
20086.0%
20075.4%
20065.5%
20055.4%
20045.4%
20035.6%
20025.6%
20015.3%
20005.3%

Series World Bank SH.XPD.CHEX.GD.ZS

Public spending on education, share of GDP

4.7%2022

World Bank
Data
YearPublic spending on education
20224.7%
20215.1%
20205.6%
20195.2%
20175.7%
20166.1%
20156.3%
20146.4%
20136.5%
20116.5%
20106.5%
20097.2%
20086.7%
20076.3%
20066.3%
20056.3%
20046.1%
20036.7%
20025.6%
20015.1%
20005.0%

Series World Bank SE.XPD.TOTL.GD.ZS

Using the internet

89.6%2024

World Bank
Data
YearUsing the internet
202489.6%
202391.2%
202289.6%
202190.8%
202090.8%
201986.1%
201884.4%
201780.7%
201675.9%
201571.7%
201469.3%
201365.5%
201260.7%
201156.9%
201053.0%
200949.8%
200842.3%
200740.8%
200635.8%
200532.8%
200433.8%
200330.1%
200228.3%
200118.8%
200015.3%

Series World Bank IT.NET.USER.ZS

Gini coefficient

31.82023

World Bank
Data
YearGini coefficient
202331.8
202231.5
202131.3
202031.7
201931.2
201832.7
201731.4
201632.9
201534.0
201435.6
201337.0
201234.3
201132.6
201031.5
200932.1
200831.7
200731.1
200631.1
200530.3
200430.1

Series World Bank SI.POV.GINI

Living in towns and cities

66.7%2025

World Bank
Data
YearLiving in towns and cities
202566.7%
202466.7%
202366.7%
202266.7%
202166.7%
202066.7%
201966.8%
201866.8%
201766.9%
201667.0%
201567.0%
201467.1%
201367.2%
201267.3%
201167.4%
201067.5%
200967.7%
200867.9%
200768.1%
200668.3%
200568.4%
200468.6%
200368.7%
200268.8%
200168.8%
200068.8%

Series World Bank SP.URB.TOTL.IN.ZS

Energy and environment

Energy, emissions and forest

Cyprus produced no electricity from renewable sources in 2000. In 2021 they supplied 15.1%, and 15.6% of final energy use. Per person, carbon dioxide emissions dropped from 7.5 tonnes in 2000 to 5.4 tonnes in 2024. Forest cover held almost still, at 18.6% in 2000 and 18.7% in 2023.

Electricity from renewable sources

15.1%2021

World Bank
Data
YearElectricity from renewable sources
202115.1%
202012.3%
201910.0%
20189.4%
20178.7%
20168.7%
20158.8%
20147.3%
20137.6%
20125.5%
20113.6%
20101.4%
20090.6%
20080.3%
20070.1%
20060.0%
20050.0%
20040.0%
20030.0%
20020.0%
20010.0%
20000.0%

Series World Bank EG.ELC.RNEW.ZS

Renewable share of final energy use

15.6%2021

World Bank
Data
YearRenewable share of final energy use
202115.6%
202015.0%
201912.0%
201812.0%
201710.9%
201610.3%
201510.4%
20149.5%
20139.7%
20128.6%
20117.6%
20106.5%
20096.3%
20085.7%
20074.3%
20063.5%
20053.4%
20043.3%
20033.2%
20023.2%
20013.0%
20003.1%

Series World Bank EG.FEC.RNEW.ZS

CO2 emissions per person

5.4 t2024

World Bank
Data
YearCO2 emissions per person
20245.4 t
20235.4 t
20225.4 t
20215.3 t
20205.2 t
20195.6 t
20185.7 t
20175.9 t
20165.8 t
20155.6 t
20145.7 t
20135.4 t
20126.1 t
20116.7 t
20107.0 t
20097.5 t
20087.8 t
20077.8 t
20067.6 t
20057.6 t
20047.7 t
20037.8 t
20027.3 t
20017.3 t
20007.5 t

Series World Bank EN.GHG.CO2.PC.CE.AR5

Forest cover

18.7%2023

World Bank
Data
YearForest cover
202318.7%
202218.7%
202118.7%
202018.7%
201918.7%
201818.7%
201718.7%
201618.7%
201518.7%
201418.7%
201318.7%
201218.7%
201118.7%
201018.7%
200918.7%
200818.7%
200718.7%
200618.6%
200518.6%
200418.6%
200318.6%
200218.6%
200118.6%
200018.6%

Series World Bank AG.LND.FRST.ZS

Codes

Cyprus's codes and memberships

The state

Status
Sovereign state
State since
1960
Government
presidential system, republic
Official languages
Greek, Turkish
United Nations
Member

Identifiers

CYISO alpha-2
CYPISO alpha-3
196ISO numeric
Calling code
+357
Internet domain
.cy
Time zone
UTC+02:00

Questions

Questions about Cyprus in figures

How much does Cyprus produce in a year?

Cyprus had a GDP of $41.2 billion in 2025 in current US dollars, according to the World Bank, or $41,783 per person. Allowing for local prices, each resident's share came to $64,575 in 2025.

How fast is the Cypriot economy growing?

After 11.4% in 2021, the World Bank shows growth of 3.9% in 2024 and 3.8% in 2025. The IMF projected a flat 3.0% a year from 2026 to 2031.

How quickly has government debt fallen in Cyprus?

The IMF estimated gross government debt at 55.3% of GDP in 2025, down from 113.6% in 2020, with a budget surplus of 3.0% of GDP that year. It projected 50.9% for 2026 and 32.1% for 2031.

What was unemployment in Cyprus during the 2010s?

Unemployment in Cyprus rose from 6.4% in 2010 to 12.1% in 2012 and 16.3% in 2014, according to the World Bank. It then fell each year to 7.2% in 2019, and was 4.9% in 2025.

What was inflation in Cyprus in 2025?

Barely any: prices rose 0.1% in 2025, by the World Bank's measure, after 1.8% in 2024 and 8.4% in 2022. The IMF projected a pickup to 2.6% for 2026.

How many residents does Cyprus have?

The World Bank estimated the population of Cyprus at 1,370,754 in 2025, up from 947,667 in 2000. The country record carries 1,344,976, dated 1 January 2023.

Record generated 2026-08-31, series 2026-09-27 · Q229 · World Bank data · Europe