🇨🇾 Cyprus
CY / CYP #162
Nomad Score
64.0
Cities
8
Region
European Union,
Mediterranean,
Levant,
Remote Work Friendly Countries,
Nomad Visa Countries,
Islands,
Europe,
Europe,
Southern Europe
Currency
EUR
📊 KEY INDICATORS
GDP per capita (PPP) (2031)
$92,508
GDP (2031)
$58.1B
GDP Growth (2031)
3.0%
→
Inflation (2031)
2.0%
→
Unemployment (2031)
4.7%
→
Population (2031)
1.0M
Pop. Growth (2031)
0.2%
↓
Gini Index (2023)
31.8
Govt Debt (2031)
32.1% of GDP
Current Account (2031)
-10.5% of GDP
FDI Inflows (2024)
-$50.4B
Life Expectancy (2024)
81.8 yrs
Health Spending (2023)
8.1% of GDP
Internet Users (2024)
89.6%
Mobile Subs (2024)
156.2/100
Trade Openness (2024)
190.4% of GDP
Exchange Rate (2024)
0.92/USD
Foreign Reserves (2024)
$2.1B
💰 GDP OVERVIEW
👤 GDP PER CAPITA (PPP)
📉 INFLATION (CPI)
👷 UNEMPLOYMENT
👥 POPULATION
🏛 FISCAL & TRADE
Govt Debt (2031)
32.1% of GDP
Current Account (2031)
-10.5% of GDP
FDI Inflows (2024)
-$50.4B
⚖️ INCOME INEQUALITY (GINI)
Gini Index (2023)
0.32
Assessment
Moderate inequality
🏢 BUSINESS ENVIRONMENT
New Business Density (2020)
12.79/1k
Tax Revenue (2024)
23.9% of GDP
Services Sector (2024)
76.5% of GDP
🏧 FINANCIAL ACCESS & COSTS
ATMs per 100k (2023)
31.6
Bank Branches per 100k (2023)
21.1
ICT Service Exports (2024)
29.7%
Goods & Services Tax (2024)
13.6%
📋 HISTORICAL DATA
| Year | GDP | GDP/cap PPP | Growth | Inflation | Unemp. | Population | Gini | Debt | Curr. Acct | FDI | Life Exp. | Health | Internet | FX Rate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2031 * | $58.1B | $92,508 | 3.0% | 2.0% | 4.7% | 1.0M | - | 32.1% | -10.5% | - | - | - | - | - |
| 2030 * | $55.2B | $88,105 | 3.0% | 2.0% | 4.7% | 1.0M | - | 35.1% | -10.7% | - | - | - | - | - |
| 2029 * | $52.5B | $83,974 | 3.0% | 2.0% | 4.7% | 1.0M | - | 38.7% | -11.0% | - | - | - | - | - |
| 2028 * | $49.8B | $79,871 | 3.0% | 2.0% | 4.7% | 1.0M | - | 42.4% | -10.9% | - | - | - | - | - |
| 2027 * | $47.4B | $76,158 | 3.0% | 1.6% | 4.7% | 1.0M | - | 46.6% | -10.3% | - | - | - | - | - |
| 2026 * | $45.2B | $73,442 | 3.0% | 2.6% | 4.6% | 995.0K | - | 50.9% | -9.3% | - | - | - | - | - |
| 2025 | $41.0B | $67,506 | 3.8% | 0.8% | 4.4% | 983.0K | - | 55.3% | -8.1% | - | - | - | - | - |
| 2024 | $37.6B | $63,007 | 3.9% | 2.3% | 4.9% | 966.0K | - | 62.8% | -8.2% | -$50.4B | 81.8 | - | 89.6% | 0.92 |
| 2023 | $35.1B | $59,875 | 3.6% | 3.9% | 5.8% | 949.0K | 31.8 | 71.1% | -9.7% | -$22.2B | 81.7 | 8.1% | 91.2% | 0.92 |
| 2022 | $31.2B | $55,876 | 8.3% | 8.1% | 6.3% | 930.0K | 31.5 | 80.3% | -6.9% | $53.9M | 80.4 | 8.3% | 89.6% | 0.95 |
| 2021 | $30.4B | $47,633 | 11.4% | 2.3% | 7.2% | 914.0K | 31.3 | 96.5% | -5.5% | $6.6B | 80.6 | 8.9% | 90.8% | 0.85 |
| 2020 | $25.5B | $42,569 | -3.2% | -1.1% | 7.6% | 902.0K | 31.7 | 113.6% | -9.7% | -$75.6B | 81.2 | 8.7% | 90.8% | 0.88 |
| 2019 | $26.2B | $44,394 | 5.9% | 0.5% | 7.1% | 890.0K | 31.2 | 92.3% | -5.5% | $113.1B | 81.5 | 7.0% | 86.1% | 0.89 |
| 2018 | $25.8B | $40,262 | 6.3% | 0.8% | 8.4% | 879.0K | 32.7 | 100.7% | -3.9% | $79.1B | 81.6 | 6.8% | 84.4% | 0.85 |
| 2017 | $22.9B | $37,768 | 5.7% | 0.7% | 11.1% | 870.0K | 31.4 | 96.4% | -5.0% | $42.2B | 81.5 | 6.6% | 80.7% | 0.89 |
| 2016 | $21.0B | $35,247 | 6.6% | -1.2% | 13.0% | 864.0K | 32.9 | 106.8% | -4.0% | $3.3B | 81.5 | 6.7% | 75.9% | 0.90 |
| 2015 | $19.9B | $31,380 | 3.4% | -1.5% | 14.9% | 861.0K | 34.0 | 111.6% | -0.3% | $27.3B | 81.5 | 6.8% | 71.7% | 0.90 |
| 2014 | $23.2B | $29,893 | -1.8% | -0.3% | 16.1% | 860.0K | 35.6 | 113.0% | -4.0% | $54.2B | 81.3 | 6.9% | 69.3% | 0.75 |
| 2013 | $24.0B | $30,416 | -6.6% | 0.4% | 15.9% | 863.0K | 37.0 | 102.7% | -1.5% | $25.9B | 81.3 | 6.9% | 65.5% | 0.75 |
| 2012 | $25.1B | $31,924 | -3.4% | 3.1% | 11.8% | 862.0K | 34.3 | 79.2% | -3.7% | $72.6B | 81.1 | 6.5% | 60.7% | 0.78 |
| 2011 | $27.6B | $33,406 | 0.4% | 3.5% | 7.9% | 840.0K | 32.6 | 64.8% | -2.2% | $41.9B | 80.9 | 6.4% | 56.9% | 0.72 |
| 2010 | $25.8B | $33,502 | 2.3% | 2.6% | 6.3% | 819.0K | 31.5 | 55.3% | -10.6% | $32.3B | 80.6 | 6.5% | 53.0% | 0.75 |
| 2009 | $26.0B | $33,901 | -2.0% | 0.2% | 5.3% | 797.0K | 32.1 | 52.8% | -6.7% | $65.8B | 80.4 | 6.5% | 49.8% | 0.72 |
| 2008 | $28.0B | $34,830 | 3.6% | 4.4% | 3.7% | 776.0K | 31.7 | 44.1% | -14.7% | $12.4B | 79.9 | 6.0% | 42.3% | 0.68 |
| 2007 | $24.1B | $32,888 | 5.1% | 2.2% | 3.9% | 758.0K | 31.1 | 53.1% | -10.7% | $2.3B | 79.8 | 5.4% | 40.8% | 0.43 |
| 2006 | $20.4B | $30,009 | 4.7% | 2.2% | 4.6% | 744.0K | 31.1 | 59.0% | -6.3% | $1.9B | 79.5 | 5.5% | 35.8% | 0.46 |
| 2005 | $18.7B | $27,763 | 4.9% | 2.0% | 5.3% | 733.0K | 30.3 | 64.0% | -5.3% | $1.2B | 79.2 | 5.4% | 32.8% | 0.46 |
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