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2024/12/26 13:10:48

Economy of Cyprus

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Content

The main articles are:

GDP

2022: Industry's share of GDP - less than 12.5%

Data for 2022

National debt

2023: State debt - 87% of GDP

Data for September 2023

2021: State debt - 104% of GDP

2020: State debt - 119% of GDP

Inflation

2022: July inflation - 10.86%

Inflation in Europe in July 2022.
UK data - for June, inflation in July - 10.1%

Investments

Main article: Investments in Cyprus

Banking system

2022: Cyprus froze €105 million of €5.6 billion deposits of Russians

After the outbreak of the conflict in Ukraine, Cyprus froze bank deposits of Russians in the amount of €105 million in 2022, Finance Minister Konstantinos Petridis said in January 2023. In total, €5.6 billion is stored on Russian deposits in Cyprus. Petridis noted that Russian oligarchs who have come under sanctions are under special control, but they usually do not write down assets on themselves.

In total, Cyprus has blocked more than 1.5 billion euros of assets related to Russia, the media reported, citing a speech by Cypriot Finance Minister Konstantinos Petridis.

Energy carriers

2021: Oil is the main source of energy in the country

2020: Low per capita energy consumption

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Energy consumption per capita, including electricity, transport heating in 2019-2020

Telecommunications

Main article: Communication in Cyprus

Agriculture

2021: 2.4% of workers are employed in agriculture

Data for 2021

2019: Average use of pesticides in agriculture

As of 2019

Food industry

2021: Cheese production - 42kg per capita

Data for 2021

Foreign trade

2022: China trade deficit

Labour market

2019: Average labor productivity - $42.39 per hour

Data for 2019

Unemployment

2022: Unemployment rate - 5.1%

Безработица в countries EU and Britain for July 2022

2020: Unemployment rate - 8%

Countries around the world in terms of unemployment in 2020

Incomes of the population

2023: Minimum wage - $854

Minimum wage in countries of the world for January 2023

Consumption

2019

Pork is the most consumed type of meat

The most consumed type of meat at the end of 2019

Consumption of 51 litres of beer per year per person

Потребление beer per capita, data from early 2019

See also