Economic Main Information

  • The Gross Domestic Product (GDP) in 2022 was $28.5 billion.

  • The GDP growth rate for the year 2022 was 5.6%.

  • The economy ranks 108th in the world based on GDP.

  • The inflation rate in 2022 was 8.1%.

  • The credit rating as of June 2023 is BBB with a stable outlook.

  • The unemployment rate in 2022 was 6.8%.

  • The volume of foreign trade in 2022 was $16.357 billion.

  • The growth rate of foreign trade in 2022 was 15.2%.

Previous
Previous

Main information

Next
Next

Economic Sector Contributions to Cyprus's GDP