Cyprus 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$35.94 billion
↑ 6.05% vs 2023GDP per Capita
$38,762.96
↑ 6.05% vs 2023GDP Growth (Annual %)
6.05%
↑ 3.44pp vs 2023Inflation Rate (CPI %)
1.80%
↓ 1.74pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $33.89 billion | $35.94 billion | +6.05% |
| GDP per Capita | $36,551.42 | $38,762.96 | +6.05% |
| GDP Growth (Annual %) | 2.61% | 6.05% | +3.44pp |
| Inflation (CPI %) | 3.54% | 1.80% | -1.74pp |
| Unemployment Rate (%) | 6.10% | 5.60% | -0.50pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $35.94 billion
- GDP per Capita
- $38,762.96
- GDP Growth (Annual %)
- 6.05%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 1.80%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 5.60%
- 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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Cyprus's Gross Domestic Product (GDP) is $35.94 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Cyprus for 2024 is $38,762.96. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Cyprus for 2024 is 1.80%. This measures the annual percentage change in the cost of consumer goods and services.
Cyprus's annual GDP growth rate for 2024 is 6.05%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Cyprus for 2024 is 5.60%. This represents the percentage of the labor force that is unemployed and actively seeking employment.