Cyprus - European Union

The most important sectors of Cyprus's economy in 2018 were wholesale and retail trade, transport, accommodation and food services (25.3%), public administration, defence, education, human health and social work activities (19.3%) and professional, scientific and technical activities; administrative and support service activities (10.4%).

Economy - Study in North Cyprus

Economy Cypriots primarily export goods such as citrus fruits, cement, potatoes, and clothing to Turkey. The economy of Northern Cyprus (the Turkish Republic of Northern Cyprus—TRNC) is dominated by the services sector (69% of GDP in 2007), which includes the public sector, trade, tourism and education.

Cyprus' recovery and resilience plan | European Commission

The plan will foster economic growth and create jobs. It will lift Cyprus' gross domestic product by 1.1% to 1.8% by 2026.This boost to the economy will bring up to 3,000 citizens into jobs.Cyprus will benefit significantly from the Recovery and Resilience plans of other Member States, for instance through exports.

Cyprus - The Economy - Country Studies

Cyprus Table of Contents. CYPRIOTS HAVE EXPERIENCED A SUBSTANTIAL improvement in their living standards since World War II. Cyprus benefited from the war, and in succeeding decades its economy grew at rates that matched those of other countries that profited from the general West European boom that began in the 1950s and lasted up to the first oil price …

Cyprus | Economic Indicators | Moody's Analytics

Cyprus has been a member of the EU since May 2004 and adopted the euro as its national currency in January 2008. During the first five years of EU membership, the Cyprus economy grew at an average rate of about 4%, with unemployment between 2004 and 2008 averaging about 4%. However, the economy tipped into recession in 2009...

Economic forecast for Cyprus - European Commission

Economic forecast for Cyprus The latest macroeconomic forecast for Cyprus. The European Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July).

Cyprus - The World Factbook - Central Intelligence Agency

Cyprus has been a member of the EU since May 2004 and adopted the euro as its national currency in January 2008. During the first five years of EU membership, the Cyprus economy grew at an average rate of about 4%, with unemployment between 2004 and 2008 averaging about 4%.

THE ECONOMY OF CYPRUS

Cyprus is a small island of a total area of 9.251 sq. kilometers, and hence a small economy. Since 1974, following the Turkish invasion, Cyprus has been divided de facto into the Greek- Cypriot government-controlled two-thirds of the island and the remaining one-third of the

Economic and political overview in Cyprus

Cyprus' economy is mostly based on the tertiary sector, which contributes 72.8% of the GDP and employs 82% of the active population. Tourism and maritime transportation are considered to be the two pillars of the Cypriot economy.

SGI 2020 | Cyprus | Economic Policies

Economic Policy. 4. In 2019, Cyprus sustained strong growth and robust fiscal performance within an improved financial and economic environment. Nonetheless, reports by its creditors, the IMF, the ECB and the European Commission, as well as by other institutions stress that risks and weaknesses persist.

Cyprus - Wikipedia

Cyprus (/ ˈ s aɪ p r ə s / ()), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea south of the Anatolian Peninsula.It is the third-largest and third-most populous island in the Mediterranean, and is located south of Turkey, west of Syria, northwest of Lebanon, Israel, and the Gaza Strip (), north of Egypt, and southeast of Greece.

Impact of the pandemic on the Cyprus Economy - PwC

and economic policymakers. More importantly, we fill in a gap in the volume of analysis for the economy overall and also for sectors of the Cyprus economy. Our analysis is based on what businesses have been experiencing in Cyprus, with insights from our sector experts and wider stakeholders. As the COVID-19 pandemic continues to evolve,

Cyprus economic growth to recover gradually in 2021-22 ...

Cyprus' economic activity contracted sharply in 2020 due to the COVID-19 crisis, albeit less than the EU average, but a 3.1% GDP rebound is expected this year, according to the EU Commission spring forecast. The tourism sector has been severely affected, while temporary income support measures cushion domestic demand and the labour market. Gradual recovery …

The Cyprus Economy - Deloitte

The Cyprus Economy Nicos S. Kyriakides Partner - Head of Financial Advisory Services Deloitte Cyprus Moscow, 09 June 2015 Two years after the financial crisis . 1. Cyprus at a Glance 2. The Crisis of March 2013 and the Road to Recovery 3. Current Macroeconomic Outlook 4.

Cyprus economy to rebound 4.5% GDP in 2021 - Financial Mirror

Cyprus economy to rebound 4.5% GDP in 2021. Finance Minister Constantinos Petrides expects to see the Cyprus economy bounce back from the pandemic with 4.5% GDP growth in 2021 following a 5.5% contraction during last year's health crisis. Addressing Invest Cyprus 5th International Investors Summit on Thursday, the Minister said although ...

PwC Cyprus: New publication for the Cyprus real estate ...

According to PwC's analysis, total transaction value reached €3,8bn during 2021, recording an annual increase of 26% (-14% drop compared to 2019). In terms of volume, properties transacted during 2021 reached 19.100, up 32% on the previous year and even surpassing 2019 levels by 11%, driven by a surging domestic demand.

Cyprus Profile - Economic Overview

The Cyprus economy is dominated by services, which accounted for 83.7% of gross value added in 2020, while industry accounted for 7.9%, construction 6.3% and agriculture, forestry and fishing 2.1%. Over the past two decades the …

Cyprus Economy

Cyprus Economy. Basic Characteristics - The Cypriot economy is a small, robust and fairly flexible economy, and has shown itself able to adapt to rapidly changing circumstances. Intertemporally, the Cypriot economy is characterized by a very satisfactory rate of growth (the average annual rate of growth of GDP amounted to 5,1%, in real terms ...

Cyprus - The Observatory of Economic Complexity

Overview In 2019 Cyprus was the number 104 economy in the world in terms of GDP (current US$), the number 120 in total exports, the number 90 in total imports, the number 37 economy in terms of GDP per capita (current US$) and the number 47 most complex economy according to the Economic Complexity Index (ECI).. Exports The top exports of Cyprus are Passenger …

Cyprus - Economy | Britannica

The economy after independence Between 1960 and 1973 the Republic of Cyprus, operating a free-enterprise economy based on agriculture and trade, achieved a standard of living higher than most of its neighbours, with the exception of Israel.

The Economy - Kypros

Cyprus has a record of successful economic performance, reflected in rapid growth, full employment and stability almost throughout the post-Independence period. The underdeveloped economy of 1960 has been transformed into a modern economy with dynamic services, industrial and agricultural sectors and advanced physical and social infrastructure.

Cyprus Economy

Cyprus Economy is a portal that features various links to websites regarding the economy in Cyprus. Cyprus Economy provides you with the information and resources needed in order to manage your personal and business professional finances. Keep up with both the Cyprus Economy as well as the global economy.

Cyprus - Forbes

Cyprus has been a member of the EU since May 2004 and adopted the euro as its national currency in January 2008. During the first five years of EU membership, the Cyprus economy grew at an average ...

Economy of Cyprus - Simple English Wikipedia, the free ...

Economy of Cyprus. All values, unless otherwise stated, are in US dollars. The economy of Cyprus is classified by the World Bank as a high-income economy, and was included by the International Monetary Fund in the list of developed economies in 2001. On January 1, 2008, the country entered the eurozone and adopted the euro as its official ...