Cyprus at A Glance

Population (+1.2 million citizens)
Area 9,250 kmĀ²
Capital Nicosia
Geographical Location An island nation located in the Eastern Mediterranean Sea
Government Structure President: Nikos Christodoulides
Turkish Cypriot leader: Ersin Tatar
Currency Euro
No. of Districts 6

Cyprus Economic Performance (Main Indicators)

GDP in 2022 (Current) ($ billion) 28.44
GDP Growth in 2022 (Annual %) 5.6
Average Exchange Rates (US Dollar to EUR) in 2022 (EUR) 0.9191
Average Exchange Rates (US Dollar to EUR) on July 31, 2023 (EUR) 0.909
Annual Inflation Rate in 2022 (CPI) (%) 8.4
Annual Inflation Rate in July 2023 (CPI) (%) 1.47
Total Reserves (Includes Gold, Current $) in 2022 ($ billion) 1.72
Foreign Exchange Reserves in July 2023 (EUR million) 1,637
Current Account Balance in 2022 ($ billion) -2.63
Net Trade in Goods and Services (BoP, Current $) in 2022 ($ million ) -144.2
Merchandise Exports in 2022 ($ billion) 4.33
FDI Net Inflows in 2022 (% of GDP) 39.1
Net FDI (BoP, current US$) in 2022 (billion) -8.51
Unemployment, Total (Modelled ILO Estimate) in 2022 (% of Total Labor Force) 7