Cyprus 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$33.89 billion
↑ 9.40% vs 2022GDP per Capita
$36,551.42
↑ 7.70% vs 2022GDP Growth (Annual %)
2.61%
↓ 4.75pp vs 2022Inflation Rate (CPI %)
3.54%
↓ 4.85pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $30.98 billion | $33.89 billion | +9.40% |
| GDP per Capita | $33,938.95 | $36,551.42 | +7.70% |
| GDP Growth (Annual %) | 7.37% | 2.61% | -4.75pp |
| Inflation (CPI %) | 8.40% | 3.54% | -4.85pp |
| Unemployment Rate (%) | 6.81% | 6.10% | -0.71pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $33.89 billion
- GDP per Capita
- $36,551.42
- GDP Growth (Annual %)
- 2.61%
- Gross National Income
- $30.64 billion
Prices & Employment
- Inflation (CPI %)
- 3.54%
- Inflation (GDP Deflator %)
- 3.83%
- Unemployment Rate (%)
- 6.10%
- 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)
- -9.43%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Cyprus's Gross Domestic Product (GDP) is $33.89 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Cyprus for 2023 is $36,551.42. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Cyprus for 2023 is 3.54%. This measures the annual percentage change in the cost of consumer goods and services.
Cyprus's annual GDP growth rate for 2023 is 2.61%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Cyprus for 2023 is 6.10%. This represents the percentage of the labor force that is unemployed and actively seeking employment.