Europe & Central Asia · High income
Cyprus: the economy in numbers
Per person: $41,783, or $64,575 at purchasing power parity. Population: 1.37 million (2025).
GDP in 2025, current US dollars: #104 of 204 economies. IMF forecast for 2026: +2.9%.
GDP
Adjusted for US inflation, in 2025 dollars: $2.93 billion in 1975, $41.2 billion in 2025.
GDP per capita
In 2025 dollars: $5,846 per person in 1975, $41,783 in 2025.
Real GDP growth
Average over 2016–2025: 5.2% a year. Years of falling GDP since 1976: 5 of 50.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Inflation
Consumer prices rose by 54.0% from 2000 to 2025. Highest annual inflation: 16.2% in 1974.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Government debt, % of GDP
Highest since 1995: 113.6% of GDP in 2020. IMF forecast for 2031: 32.5%.
Source: World Bank, World Development Indicators (CC BY 4.0)
Stock market capitalization, % of GDP
In 2025 listed domestic companies were worth $27.9 billion, or 67.7% of GDP.
Population
1960: 586,490 · 2025: 1.37 million.
Unemployment rate
1991: 3.0% · 2025: 4.9%.
Life expectancy at birth
1960: 63.3 years · 2024: 81.8 years.
Exports of goods and services
1975: 35.5% · 2025: 97.6%.
Data by year
Show the year-by-year table
| Year | GDP | GDP per capita | Per capita, PPP | Real growth | Inflation | Gov. debt, % GDP | Population | Unemployment | Stock market, % GDP | Life expectancy | Exports, % GDP |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2031 | 3.0%f | 2.0%f | 32.5%f | ||||||||
| 2030 | 3.0%f | 2.0%f | 35.6%f | ||||||||
| 2029 | 3.0%f | 2.0%f | 38.5%f | ||||||||
| 2028 | 3.1%f | 2.0%f | 42.4%f | ||||||||
| 2027 | 3.2%f | 1.9%f | 46.7%f | ||||||||
| 2026 | 2.9%f | 3.7%f | 51.4%f | ||||||||
| 2025 | $41.2B | $41,783 | $64,575 | 3.8% | 0.1% | 55.0% | 1.37M | 4.9% | 67.7% | 97.6% | |
| 2024 | $37.6B | $38,674 | $63,007 | 3.9% | 1.8% | 62.8% | 1.36M | 4.9% | 29.0% | 81.8 | 97.0% |
| 2023 | $35.1B | $36,624 | $59,875 | 3.6% | 3.5% | 71.1% | 1.34M | 5.8% | 29.6% | 81.6 | 96.4% |
| 2022 | $31.2B | $33,231 | $55,876 | 8.7% | 8.4% | 80.3% | 1.33M | 6.8% | 20.9% | 80.4 | 104.7% |
| 2021 | $30.4B | $32,938 | $47,633 | 11.4% | 2.4% | 96.5% | 1.32M | 7.5% | 18.6% | 80.6 | 90.8% |
| 2020 | $25.6B | $28,130 | $42,569 | −3.2% | −0.6% | 113.6% | 1.3M | 7.8% | 18.4% | 81.2 | 79.6% |
| 2019 | $26.2B | $29,227 | $44,394 | 5.9% | 0.3% | 92.3% | 1.29M | 7.2% | 16.4% | 81.5 | 75.8% |
| 2018 | $25.8B | $29,120 | $40,262 | 6.3% | 1.4% | 100.7% | 1.27M | 8.5% | 12.9% | 81.6 | 74.5% |
| 2017 | $22.9B | $26,247 | $37,768 | 5.8% | 0.5% | 96.4% | 1.25M | 11.2% | 12.3% | 81.5 | 73.8% |
| 2016 | $21B | $24,280 | $35,247 | 6.6% | −1.4% | 106.8% | 1.24M | 13.0% | 11.9% | 81.5 | 70.5% |
| 2015 | $19.9B | $23,088 | $31,380 | 3.4% | −2.1% | 111.6% | 1.22M | 15.0% | 13.5% | 81.5 | 70.0% |
| 2014 | $23.2B | $26,993 | $29,893 | −1.8% | −1.4% | 113.0% | 1.2M | 16.3% | 17.4% | 81.3 | 66.0% |
| 2013 | $24B | $27,765 | $30,416 | −6.6% | −0.4% | 102.7% | 1.18M | 16.1% | 8.8% | 81.3 | 61.3% |
| 2012 | $25B | $28,992 | $31,924 | −3.4% | 2.4% | 79.2% | 1.17M | 12.1% | 8.0% | 81.1 | 55.3% |
| 2011 | $27.6B | $32,486 | $33,406 | 0.4% | 3.3% | 64.8% | 1.15M | 7.9% | 10.3% | 80.9 | 53.5% |
| 2010 | $25.8B | $31,105 | $33,502 | 2.3% | 2.4% | 55.3% | 1.13M | 6.4% | 26.5% | 80.6 | 50.3% |
| 2009 | $26B | $32,236 | $33,901 | −2.0% | 0.3% | 52.8% | 1.11M | 5.6% | 39.4% | 80.4 | 48.7% |
| 2008 | $28B | $35,542 | $34,830 | 3.6% | 4.7% | 44.1% | 1.09M | 3.8% | 28.6% | 79.9 | 50.1% |
| 2007 | $24B | $31,245 | $32,888 | 5.1% | 2.4% | 53.1% | 1.07M | 3.9% | 72.0% | 79.8 | 53.3% |
| 2006 | $20.1B | $26,729 | $30,009 | 4.7% | 2.3% | 59.0% | 1.05M | 4.6% | 80.5% | 79.5 | 53.4% |
| 2005 | $18.4B | $24,959 | $27,763 | 4.9% | 2.6% | 64.0% | 1.04M | 5.5% | 79.2 | 55.7% | |
| 2004 | $17.3B | $23,793 | $25,942 | 5.0% | 2.3% | 64.7% | 1.02M | 4.8% | 79.0 | 56.9% | |
| 2003 | $14.5B | $20,252 | $24,278 | 2.6% | 4.1% | 63.0% | 1,000K | 4.2% | 78.9 | 57.8% | |
| 2002 | $11.4B | $16,093 | $23,556 | 3.7% | 2.8% | 61.0% | 981K | 3.3% | 78.8 | 62.4% | |
| 2001 | $10.4B | $14,821 | $22,866 | 4.0% | 2.0% | 57.5% | 964K | 4.0% | 78.2 | 68.2% | |
| 2000 | $9.99B | $14,388 | $21,296 | 6.0% | 4.1% | 56.0% | 948K | 4.8% | 77.9 | 70.0% | |
| 1999 | $10.5B | $15,288 | $19,663 | 5.0% | 1.6% | 55.7% | 931K | 5.5% | 77.6 | 66.9% | |
| 1998 | $10.2B | $15,093 | $18,760 | 6.1% | 2.2% | 55.0% | 915K | 3.3% | 77.2 | 68.7% | |
| 1997 | $9.55B | $14,234 | $17,782 | 2.6% | 3.6% | 53.5% | 898K | 3.4% | 77.1 | 69.2% | |
| 1996 | $10B | $15,139 | $17,320 | 1.2% | 3.0% | 48.8% | 880K | 3.1% | 76.9 | 70.2% | |
| 1995 | $9.93B | $15,261 | $17,096 | 8.4% | 2.6% | 46.7% | 863K | 2.6% | 76.6 | 66.8% | |
| 1994 | $7.43B | $11,618 | $15,735 | 5.9% | 4.7% | 845K | 2.7% | 76.4 | 47.7% | ||
| 1993 | $6.59B | $10,526 | $14,852 | 0.7% | 4.9% | 826K | 2.7% | 76.3 | 47.5% | ||
| 1992 | $6.91B | $11,310 | $14,759 | 9.4% | 6.5% | 810K | 2.1% | 76.3 | 49.5% | ||
| 1991 | $5.77B | $9,696 | $13,546 | 0.7% | 5.0% | 799K | 3.0% | 76.2 | 47.1% | ||
| 1990 | $5.59B | $9,642 | $13,348 | 7.4% | 4.5% | 788K | 76.0 | 51.5% | |||
| 1989 | $4.56B | $8,039 | 7.9% | 3.8% | 777K | 75.8 | 51.5% | ||||
| 1988 | $4.28B | $7,646 | 8.6% | 3.4% | 766K | 75.4 | 48.1% | ||||
| 1987 | $3.7B | $6,691 | 7.1% | 2.8% | 755K | 75.3 | 47.3% | ||||
| 1986 | $3.09B | $5,643 | 3.7% | 1.2% | 743K | 74.9 | 45.0% | ||||
| 1985 | $2.43B | $4,488 | 4.9% | 5.0% | 731K | 74.6 | 48.7% | ||||
| 1984 | $2.28B | $4,259 | 8.8% | 6.0% | 719K | 74.0 | 54.7% | ||||
| 1983 | $2.16B | $4,091 | 5.6% | 5.0% | 707K | 73.7 | 50.4% | ||||
| 1982 | $2.16B | $4,123 | 6.0% | 6.4% | 696K | 73.5 | 50.9% | ||||
| 1981 | $2.09B | $4,033 | 2.5% | 10.7% | 689K | 73.1 | 50.3% | ||||
| 1980 | $2.15B | $4,232 | 5.8% | 13.5% | 683K | 72.8 | 45.3% | ||||
| 1979 | $1.29B | $2,559 | 9.9% | 9.5% | 678K | 72.2 | 44.7% | ||||
| 1978 | $964M | $1,929 | 7.8% | 7.4% | 672K | 71.7 | 42.3% | ||||
| 1977 | $735M | $1,476 | 16.4% | 7.3% | 667K | 71.3 | 47.8% | ||||
| 1976 | $576M | $1,157 | 20.3% | 3.9% | 662K | 70.8 | 49.7% | ||||
| 1975 | $490M | $976 | 4.6% | 659K | 70.3 | 35.5% | |||||
| 1974 | 16.2% | 663K | 54.6 | ||||||||
| 1973 | 7.8% | 666K | 69.0 | ||||||||
| 1972 | 4.8% | 661K | 68.6 | ||||||||
| 1971 | 4.1% | 654K | 68.4 | ||||||||
| 1970 | 2.4% | 647K | 68.0 | ||||||||
| 1969 | 2.4% | 641K | 67.6 | ||||||||
| 1968 | 3.8% | 635K | 67.3 | ||||||||
| 1967 | 0.7% | 629K | 66.9 | ||||||||
| 1966 | 0.5% | 623K | 66.5 | ||||||||
| 1965 | 0.2% | 618K | 66.1 | ||||||||
| 1964 | −0.3% | 613K | 62.2 | ||||||||
| 1963 | 2.0% | 607K | 61.8 | ||||||||
| 1962 | 0.1% | 601K | 64.7 | ||||||||
| 1961 | −0.6% | 596K | 64.1 | ||||||||
| 1960 | 0.8% | 586K | 63.3 |
e: IMF estimate; f: IMF forecast.
Nearby economies in Europe & Central Asia
Nearest by distance between capitals, with GDP per capita.
Albania · Andorra · Armenia · Austria · Azerbaijan · Belarus · Belgium · Bosnia and Herzegovina · Bulgaria · Channel Islands · Croatia · Cyprus · Czechia · Denmark · Estonia · Faroe Islands · Finland · France · Georgia · Germany · Gibraltar · Greece · Greenland · Hungary · Iceland · Ireland · Isle of Man · Italy · Kazakhstan · Kosovo · Kyrgyzstan · Latvia · Liechtenstein · Lithuania · Luxembourg · Moldova · Monaco · Montenegro · Netherlands · North Macedonia · Norway · Poland · Portugal · Romania · Russia · San Marino · Serbia · Slovakia · Slovenia · Spain · Sweden · Switzerland · Tajikistan · Turkmenistan · Türkiye · Ukraine · United Kingdom · Uzbekistan
Rankings
GDP by country · GDP per capita · Real GDP growth · Inflation by country · Government debt to GDP · Stock market to GDP · Population by country · Unemployment by country
Data and methods
- GDP: gross domestic product in current US dollars, converted from the local currency at market exchange rates (World Bank); not adjusted for inflation.
- Purchasing power parity (PPP): GDP per person in international dollars, which buy the same basket of goods and services in every country. It compares living standards across countries in the same year; it is not adjusted for inflation over time.
- In 2025 dollars: the charts can remove US inflation (US consumer price index, annual average) so that dollar amounts from different years compare in today's money. Exchange rate swings still show.
- Growth and inflation: World Bank data (calendar years). Years the World Bank does not cover yet, and the estimates and forecasts, come from the IMF World Economic Outlook (October 2026): its forecasts start in 2026, and the years after a country's last actual year are IMF estimates.
- Government debt: gross debt of the general government (central, state and local government and social security funds) as a percentage of GDP, IMF. The World Bank's central government debt is narrower and covers fewer countries.
- Stock market capitalization: the end-of-year value of domestic companies listed on the country's exchanges (World Federation of Exchanges via the World Bank; before 2016, Standard & Poor's), as a percentage of GDP: the “Buffett indicator”. Investment funds are excluded, and so are companies listed only abroad; companies from elsewhere that list on an exchange count for its country (Hong Kong lists many mainland Chinese companies).
- Unemployment: ILO modeled estimates (share of the labor force); comparable across countries, but they may differ from national figures.
Source: World Bank, World Development Indicators (CC BY 4.0)
Source: International Monetary Fund, World Economic Outlook (October 2026)