Cyprus 2022
Detailed economic analysis and indicators for 2022
Key Economic Indicators (2022)
GDP (Current USD)
$30.98 billion
↑ 1.99% vs 2021GDP per Capita
$33,938.95
↑ 0.61% vs 2021GDP Growth (Annual %)
7.37%
↓ 4.02pp vs 2021Inflation Rate (CPI %)
8.40%
↑ 5.95pp vs 2021Year-over-Year Comparison
| Indicator | 2021 | 2022 | Change |
|---|---|---|---|
| GDP (Current USD) | $30.37 billion | $30.98 billion | +1.99% |
| GDP per Capita | $33,734.29 | $33,938.95 | +0.61% |
| GDP Growth (Annual %) | 11.39% | 7.37% | -4.02pp |
| Inflation (CPI %) | 2.45% | 8.40% | +5.95pp |
| Unemployment Rate (%) | 7.51% | 6.81% | -0.71pp |
All Economic Indicators (2022)
National Accounts
- GDP (Current USD)
- $30.98 billion
- GDP per Capita
- $33,938.95
- GDP Growth (Annual %)
- 7.37%
- Gross National Income
- $28.52 billion
Prices & Employment
- Inflation (CPI %)
- 8.40%
- Inflation (GDP Deflator %)
- 6.69%
- Unemployment Rate (%)
- 6.81%
- 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)
- -5.52%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2022, Cyprus's Gross Domestic Product (GDP) is $30.98 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Cyprus for 2022 is $33,938.95. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Cyprus for 2022 is 8.40%. This measures the annual percentage change in the cost of consumer goods and services.
Cyprus's annual GDP growth rate for 2022 is 7.37%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Cyprus for 2022 is 6.81%. This represents the percentage of the labor force that is unemployed and actively seeking employment.