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Cyprus

EU member state In the euro area Population: 0.98 M (2025)

Source: Eurostat, data retrieved 2026-10-17; each indicator links to its dataset · Methodology and technical sheets

Economic situation

Cyprus: real GDP grew 3.0% year on year (Q2 2026); previous quarter: 2.8%; EU27: 1.5%. Harmonised inflation (HICP) stands at 5.2% (09/2026), above the EU27 average (3.8%); core inflation, excluding energy and food, is 3.9%. The unemployment rate stands at 4.3% (08/2026), down 0.1 percentage points on a year earlier; the EU27 rate is 6.2%. In 2025, general government recorded a surplus of 3.4% of GDP and public debt reached 55.0% of GDP (Treaty reference values: 3% and 60%). The current account shows a deficit of 13.5% of GDP (Q2 2026). Its best European position is in "HICP non-energy industrial goods" (1 of 36) and its worst in "Current account balance" (31 of 32).

Key indicators

GDP growth3.0%Q2 2026-0.6 pp year on year11 of 34 in EuropeInflation (HICP)5.2%09/2026 e+5.2 pp year on year29 of 36 in EuropeUnemployment rate4.3%08/2026-0.1 pp year on year8 of 30 in EuropeEmployment rate (20–64)82.8%Q2 2026+1.1 pp year on year5 of 34 in EuropeGovernment balance (% GDP)3.4%2025-0.7 pp year on year1 of 27 in EuropePublic debt (% GDP)55.0%2025-7.7 pp year on year12 of 27 in EuropeCurrent account (% GDP)-13.5%Q2 2026-5.8 pp year on year31 of 32 in EuropeGDP per capita (EU = 100)982025 p-0.2% year on year13 of 33 in Europe

Trends

Activity: GDP, consumption and investment (real year-on-year change, %)
Prices: headline and core inflation (HICP, %)
Labour: total and youth unemployment (%)
Government balance (% of GDP)
Public debt (% of GDP)
External sector: current account, goods and services (% of GDP)
Economic sentiment (long-term average = 100)
Government expenditure by function (COFOG) →What Cyprus spends on: 10 functions and 69 sub-functions compared with the EU27, and the split by level of government.Regions of Cyprus →3 regions with indicators on population, GDP, jobs, income and well-being (NUTS 1: 1 · NUTS 2: 1 · NUTS 3: 1).
Regional competitiveness (RCI) →Cyprus's 1 regions in the Commission's index: institutions, infrastructure, labour market, innovation…Regional social progress (EU-SPI) →Cyprus's 1 regions: basic needs, foundations of wellbeing and opportunity

All indicators

142 indicators for Cyprus. Its NUTS 1, 2 and 3 regions, with their own indicators, are on the country's regions page.

GDP and national accounts

19
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Nominal GDP (quarterly) M€Q2 20269,696 M€+6.9%30 of 35
Real GDP, year-on-year change (quarterly) %Q2 20263.0%-0.6 pp11 of 34
Real GDP, chain-linked volume (quarterly) M€ (2020)Q2 20267,814 M€+3.0%29 of 35
Nominal GDP (annual) M€2025 p36,484 M€+4.9%30 of 37
Real GDP growth (annual) %2025 p3.8%-0.1 pp3 of 35
GDP per capita € per inhabitant2025 p36,850 €+3.3%16 of 35
Real GDP per capita € (2020) per inhabitant2025 p30,590 €+2.1%16 of 35
Real GDP per capita, annual change %2025 p2.2%+0.1 pp13 of 34
GDP per capita in purchasing power standards PPS per inhabitant2025 p40,957 PPS+3.8%13 of 33
GDP per capita in PPS relative to the EU27 index EU27 = 1002025 p98-0.2%13 of 33
Household consumption, real year-on-year change %Q2 20265.4%+3.0 pp2 of 34
Government consumption, real year-on-year change %Q2 20264.7%+0.8 pp4 of 34
Gross fixed capital formation, real year-on-year change %Q2 20269.0%-1.2 pp4 of 33
Exports, real year-on-year change %Q2 20269.2%+6.8 pp5 of 34
Imports, real year-on-year change %Q2 202613.4%+11.1 pp2 of 34
Industry share of the economy % of GVA2025 p6.8%-0.1 pp36 of 37
Construction share of the economy % of GVA2025 p5.7%+0.1 pp20 of 37
Services share of the economy % of GVA2025 p86.2%+0.1 pp3 of 37
Public administration, education and health share of the economy % of GVA2025 p18.2%-0.1 pp17 of 37

Prices

26
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Consumer price level (HICP) index 2015 = 10009/2026125.60+5.2%34 of 36
HICP, annual rate of change %09/2026 e5.2%+5.2 pp29 of 36
Core HICP (excluding energy, food, alcohol and tobacco) %09/2026 e3.9%+2.5 pp28 of 36
HICP energy %09/2026 e21.0%+27.0 pp26 of 36
HICP food, alcohol and tobacco %09/2026 e3.4%+5.2 pp32 of 36
HICP services %09/2026 e7.1%+3.4 pp32 of 36
HICP non-energy industrial goods %09/2026 e-3.3%-0.1 pp1 of 36
HICP alcoholic beverages and tobacco %09/20261.2%+2.3 pp2 of 36
HICP clothing and footwear %09/2026-10.4%-3.2 pp1 of 36
HICP furnishings and household equipment %09/2026-0.4%+0.9 pp6 of 36
HICP health %09/20261.1%-0.1 pp4 of 36
HICP information and communication %09/2026-0.9%+1.1 pp5 of 36
HICP recreation, sport and culture %09/20264.1%-2.8 pp19 of 36
HICP education services %09/20262.6%-0.7 pp13 of 36
HICP insurance and financial services %09/20260.0%-0.1 pp2 of 36
HICP personal care and miscellaneous goods and services %09/20260.8%+0.3 pp3 of 36
HICP, annual average rate %20250.8%-1.5 pp2 of 35
HICP electricity %09/202613.0%+23.8 pp28 of 34
HICP natural gas %12/20179.9%+8.4 pp27 of 29
HICP diesel %09/202633.0%+34.3 pp10 of 35
HICP petrol %09/202622.2%+26.1 pp15 of 35
House prices index 2015 = 100Q2 2026159.1+7.9%22 of 28
House prices, annual rate of change %Q2 20267.9%+5.0 pp13 of 29
House sales, annual rate of change %Q2 202617.1%+13.8 pp2 of 18
Household electricity price (2 500–4 999 kWh, taxes included) €/kWhH1 20260.2688 €/kWh-8.3%26 of 36
Price level relative to the EU27 index EU27 = 100202590.0-0.4%17 of 36

Government

21
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Government deficit (−) or surplus (+) % of GDP20253.4%-0.7 pp1 of 27
Government debt % of GDP202555.0%-7.7 pp12 of 27
Government debt, total amount M€202520,078 M€-8.0%3 of 27
Government debt (quarterly) % of GDPQ1 2026 p54.6%-7.3 pp13 of 28
Government debt held by non-residents % of GDP202548.5%-6.7 pp7 of 28
Government debt held by the central bank % of GDP20250.5%0.0 pp22 of 28
Government debt held by resident banks % of GDP20255.6%-0.9 pp22 of 27
Government debt held by insurers, funds and other financial corporations % of GDP20250.0%0.0 pp27 of 27
Government debt held by households % of GDP20250.5%-0.1 pp13 of 18
Average remaining maturity of government debt years20257.1-5.3%15 of 24
Net issuance of government debt securities % of GDPQ1 20260.1%0.0 pp21 of 27
Government deficit (−) or surplus (+) (quarterly) % of GDPQ1 2026 p6.3%-0.7 pp2 of 30
Total government revenue % of GDP202543.6%+1.2 pp14 of 29
Total government expenditure % of GDP202540.2%+1.9 pp27 of 29
Government interest payments % of GDP20251.10%-0.10 pp9 of 29
Apparent cost of government debt %20252.0%+0.1 pp8 of 25
Government investment (GFCF) % of GDP20253.30%+0.50 pp23 of 29
Tax burden (taxes and social contributions) % of GDP202437.6%+0.1 pp15 of 30
Taxes on income and wealth % of GDP202410.9%+0.8 pp18 of 30
VAT % of GDP20249.1%-0.1 pp9 of 30
Social contributions % of GDP202413.0%-0.5 pp11 of 30

Government expenditure by function (COFOG)

20
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
General public services expenditure (COFOG) % of GDP20245.3%-0.3 pp19 of 30
Defence expenditure (COFOG) % of GDP20241.8%0.0 pp10 of 30
Public order and safety expenditure (COFOG) % of GDP20241.7%+0.1 pp15 of 30
Economic affairs expenditure (COFOG) % of GDP20242.9%-0.1 pp29 of 30
Environmental protection expenditure (COFOG) % of GDP20240.6%-0.1 pp20 of 30
Housing and community amenities expenditure (COFOG) % of GDP20242.1%+0.2 pp1 of 30
Health expenditure (COFOG) % of GDP20246.1%+0.1 pp19 of 30
Recreation, culture and religion expenditure (COFOG) % of GDP20240.5%-0.1 pp29 of 30
Education expenditure (COFOG) % of GDP20245.0%+0.1 pp16 of 30
Social protection expenditure (COFOG) % of GDP202412.4%-2.2 pp27 of 30
General public services share of government expenditure (COFOG) %202413.7%0.0 pp5 of 30
Defence share of government expenditure (COFOG) %20244.7%+0.2 pp5 of 30
Public order and safety share of government expenditure (COFOG) %20244.4%+0.4 pp8 of 30
Economic affairs share of government expenditure (COFOG) %20247.4%+0.1 pp29 of 30
Environmental protection share of government expenditure (COFOG) %20241.5%-0.2 pp20 of 30
Housing and community amenities share of government expenditure (COFOG) %20245.4%+0.8 pp1 of 30
Health share of government expenditure (COFOG) %202416.0%+1.4 pp10 of 30
Recreation, culture and religion share of government expenditure (COFOG) %20241.4%0.0 pp30 of 30
Education share of government expenditure (COFOG) %202413.2%+1.0 pp7 of 30
Social protection share of government expenditure (COFOG) %202432.3%-3.7 pp22 of 30

Business and activity

10
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Industrial production index 2021 = 10008/2026 p89.8-1.3%16 of 34
Retail trade, volume of sales index 2021 = 10008/2026134.7+7.0%4 of 32
Residential building permits (useful floor area) index 2021 = 100Q2 2026198.8+75.5%2 of 35
Economic sentiment indicator index (average = 100)09/2026104.4-0.8%8 of 30
Consumer confidence balance09/2026-16.7-38.0%20 of 30
Industrial confidence balance09/2026-2.7-152.9%14 of 30
Active enterprises enterprises202494,381+3.8%29 of 34
Enterprise birth rate %20249.7%+0.0 pp21 of 34
Enterprise death rate %2024 p5.9%+0.2 pp8 of 33
R&D expenditure % of GDP20240.64%-0.02 pp29 of 32

Labour market and productivity

22
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Unemployment rate % of labour force08/20264.3%-0.1 pp8 of 30
Youth unemployment rate (under 25) % of labour force06/202612.2%-2.7 pp9 of 33
Unemployed persons thousand persons08/202623-4.2%3 of 30
Unemployment rate (annual) % of labour force20254.4%-0.4 pp8 of 34
Long-term unemployment rate % of labour force20250.9%-0.4 pp7 of 34
Employment rate (20–64) % of populationQ2 202682.8%+1.1 pp5 of 34
Employed persons (15–74) thousand personsQ2 2026517+2.6%31 of 34
Employed persons per inhabitant % of population2025 p52.1%0.0 pp10 of 33
Hours worked per inhabitant hours per year2025 p966+0.7%6 of 32
Labour productivity per hour worked relative to the EU27 index EU27 = 1002025 p79.6-1.0%18 of 31
Labour productivity per person employed, EU27 = 100 index EU27 = 1002025 p91.80.0%16 of 31
Real labour productivity per hour, annual change %2025 p1.4%0.0 pp22 of 32
Nominal unit labour cost, annual change %2025 p2.1%+0.5 pp7 of 33
Hours worked per employed person hours per year2025 p1,852+0.7%7 of 32
Compensation per employee € per year2025 p35,052 €+4.2%18 of 33
Compensation per hour worked € per hour2025 p19.4 €+3.2%19 of 31
Compensation per employee in PPS, EU27 = 100 index EU27 = 1002025 p81.6+0.5%18 of 31
Compensation per hour worked in PPS, EU27 = 100 index EU27 = 1002025 p69.8-0.7%20 of 30
Labour costs (B–S) index 2020 = 100Q2 2026 p121.9+3.8%22 of 26
Minimum wage € per monthH2 20261,088 €+8.8%11 of 29
Job vacancy rate (B–S) %Q4 20252.8%0.0 pp4 of 31
Population aged 25–64 with tertiary education %202552.1%+0.6 pp3 of 34

Households

7
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Household saving rate % of disposable income2024 p5.6%-0.1 pp24 of 27
Real household disposable income per capita, annual change %2024 p4.5%+2.9 pp7 of 27
Median equivalised income PPS202523,782 PPS+4.2%13 of 30
Gini coefficient of disposable income 0–100202531.2+3.7%24 of 30
People at risk of poverty or social exclusion (AROPE) % of population202517.1%0.0 pp8 of 30
Housing cost overburden rate % of population20252.4%0.0 pp1 of 30
Household debt (loans) % of GDP2025 p54.2%-3.2 pp20 of 31

External sector and financing

9
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Current account balance % of GDPQ2 2026-13.5%-5.8 pp31 of 32
Goods balance % of GDPQ2 2026-24.1%-3.8 pp31 of 32
Services balance % of GDPQ2 202621.6%-5.6 pp2 of 32
Net international investment position % of GDPQ2 2026-82.0%+4.3 pp30 of 32
Net direct investment % of GDPQ2 2026-10.5%+11.8 pp31 of 32
Exports of goods M€20255,502 M€+7.5%26 of 27
Trade balance in goods M€2025-8,334 M€-12.4%19 of 27
10-year government bond yield %09/20263.92%+0.97 pp13 of 27
Real effective exchange rate (42 partners, CPI-deflated) index 2015 = 10007/2026102.50-0.7%22 of 30

Demography

6
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Population on 1 January persons2025982,966+1.7%33 of 38
Total population change per 1,000 inhabitants2025 p13.7-19.4%3 of 39
Net migration (including statistical adjustment) per 1,000 inhabitants2025 p11.3-18.7%4 of 39
Median age of population years202541.0+1.0%30 of 38
Old-age dependency ratio (65+ / 15–64) %202527.4%+0.9 pp8 of 38
Life expectancy at birth years202483.5+0.6%6 of 37

Public-sector efficiency

2
IndicatorPeriodValueYear-on-year changeTrendRank in Europe
Employment in public administration and defence (NACE O) thousand persons202437+5.6%29 of 33
Total employment (national accounts) thousand persons2024507+2.0%30 of 33