Economy of Cyprus - Wikipedia
WEBThe economy of Cyprus is a high-income economy as classified by the World Bank, [3] and was included by the International Monetary Fund in its list of advanced economies in 2001. [1] [2] Cyprus adopted the euro as its official currency on 1 January 2008, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per €1 ...
Cyprus - Economy, Tourism, Agriculture | Britannica
WEB2 days ago · 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.
WEBThe Cypriot economy is proving resilient throughout the crises, but challenges remain. In 2022, the Cypriot economy grew solidly and with continued momentum. Real GDP increased by 5.6% in 2022 following growth of 6.6% in 2021, outperforming the EU average in both years. Despite the links with the Russian economy, the negative impact of the
Cyprus Economy, Politics and GDP Growth Summary - The …
WEBAccess the latest politics analysis and economic growth summary through 2011 for Cyprus from The Economist Intelligence Unit.
Economic forecast for Cyprus - European Commission - Economy …
WEBMay 15, 2024 · Economic activity in Cyprus is expected to grow robustly in 2024 on the back of persistently strong domestic demand and improving exports. Inflation is continuing its downward trend towards the 2% target as energy and food prices moderate. The labour market remains resilient.
Cyprus Economy: GDP, Inflation, CPI & Interest Rates
WEBCyprus' economy in numbers: Nominal GDP of USD 29.2 billion in 2022. GDP per capita of USD 32,262 compared to the global average of USD 10,589. Average real GDP growth of 2.4% over the last decade.
GDP (current US$) - Cyprus | Data - World Bank Data
WEBGDP (current US$) - Cyprus. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. LineBarMap. Also Show Share Details.
GDP growth (annual %) - Cyprus | Data - World Bank Data
WEBGDP growth (annual %) - Cyprus. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. LineBarMap. Also Show Share Details. Label.
WEBthe economy was large since tourism is a key sector for Cyprus. S ervices exports decreased by around 27 percent in the second and third quarters of 2020 compared to the same periods of 2019, mainly reflecting the fall in demand for tourism. The overall economy also showed a deep recession in 2020, with real
WEBCyprus’s main tourist markets and lower confidence in air travel are expected to weigh on the sector’s recovery. In 2022, real GDP is forecast to grow by 3.1% and return to its 2019 level. This will be mainly on the back of domestic demand, as well as a small positive contribution from net exports. Future spending related to the