Macro‑Economic Monitor

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Cyprus economy

Cyprus’ economy grew 3.8% in 2025, faster than the world as a whole (2.9%). Consumer prices rose 0.1% in 2025, and 4.9% of the labour force was out of work.

IndicatorLatestYear
Real GDP growth3.8%2025
Inflation (consumer prices)0.1%2025
Unemployment4.9%2025
GDP (US dollars)$41.2 bn2025
GDP per person (US dollars)$41,7832025
GDP per person (PPP, international dollars)$63,0072024
Current account balance, % of GDP−6.3%2025
Budget balance, % of GDP4.2%2024
Extreme poverty, % of people below $3.00 a day0.0%2023
Population1.4 m2025
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Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.