Cyprus 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$21.05 billion
↑ 5.71% vs 2015GDP per Capita
$24,715.15
↑ 5.23% vs 2015GDP Growth (Annual %)
6.57%
↑ 3.15pp vs 2015Inflation Rate (CPI %)
-1.43%
↑ 0.67pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $19.91 billion | $21.05 billion | +5.71% |
| GDP per Capita | $23,487.23 | $24,715.15 | +5.23% |
| GDP Growth (Annual %) | 3.42% | 6.57% | +3.15pp |
| Inflation (CPI %) | -2.10% | -1.43% | +0.67pp |
| Unemployment Rate (%) | 15.03% | 13.01% | -2.02pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $21.05 billion
- GDP per Capita
- $24,715.15
- GDP Growth (Annual %)
- 6.57%
- Gross National Income
- $20.21 billion
Prices & Employment
- Inflation (CPI %)
- -1.43%
- Inflation (GDP Deflator %)
- -0.57%
- Unemployment Rate (%)
- 13.01%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -3.87%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Cyprus's Gross Domestic Product (GDP) is $21.05 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Cyprus for 2016 is $24,715.15. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Cyprus for 2016 is -1.43%. This measures the annual percentage change in the cost of consumer goods and services.
Cyprus's annual GDP growth rate for 2016 is 6.57%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Cyprus for 2016 is 13.01%. This represents the percentage of the labor force that is unemployed and actively seeking employment.