Economy of Cyprus - Wikipedia
WEBThe economy of Cyprus is a high-income economy as classified by the World Bank, and was included by the International Monetary Fund in its list of advanced economies in 2001. [1] [2] Cyprus adopted the euro as its official currency on 1 January 2008, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per €1.
Cyprus - Economy, Tourism, Agriculture | Britannica
WEBEconomy of Cyprus The economy after independence. Between 1960 and 1973 the Republic of Cyprus, operating a free-enterprise economy based on agriculture and trade, achieved a standard of living higher than most of its neighbours, with the exception of Israel.
Economic forecast for Cyprus - European Commission - Economy …
WEBFor the whole of 2023, economic activity is expected to have grown by 2.4%, slightly higher than in the Autumn 2023 Forecast, following 5.1% in 2022. In 2024 and 2025, real GDP is expected to grow by 2.8% and 3% respectively, slightly …
Cyprus - Statistics & Facts | Statista
WEBDec 21, 2023 · Economy. National finances. Editor’s Picks. Current statistics on this topic. Cyprus. Total population of Cyprus 2029. Cyprus. Gross domestic product (GDP) per capita in Cyprus 2029....
Cyprus - The World Factbook
WEBDec 17, 2021 · The area of the Republic of Cyprus under government control has a market economy dominated by a services sector that accounts for more than four-fifths of GDP. Tourism, finance, shipping, and real estate have traditionally been the …
Cyprus Economy, Politics and GDP Growth Summary - The …
WEBEconomy. Risk. Business. In brief. Cyprus's increased political fragmentation since the May 2021 legislative election will continue to complicate decision-making. Economic activity will slow in 2024 but remain well above our forecast for subdued growth in the euro area as it will be supported by a strong performance of the tourism sector.
Cyprus GDP seen at +5.5% in 2022, outlook tempered by energy
WEBNICOSIA, Sept 22 (Reuters) - Cyprus's economy is forecast to grow by 5.5% in 2022 on better than expected tourism arrivals, although the outlook is tempered by energy market turbulence...
WEBJun 5, 2023 · Cyprus’s economy has been resilient to the fallout from Russia’s invasion of Ukraine. Output grew by 5.6 percent in 2022, as pandemic-affected pent-up demand boosted consumption, tourist arrivals rebounded, and the ICT sector expanded. Employment recovered and unemployment dropped to a post-Cyprus-financial-crisis …
A Three-Point Plan to Tackle the Pandemic in Cyprus - IMF
WEBJune 16, 2021. Our latest economic assessment of Cyprus highlights three key policies to strengthen the recovery from the effects of the pandemic shock. Cyprus entered the COVID-19 crisis in a strong position, but the economy’s dependence on tourism and its high public and private debt levels made it especially vulnerable to the pandemic shock.
WEBEuropean Economic Forecast. Spring 2022. 9. CYPRUS. Following a strong rebound of 5.5% in 2021, economic activity is expected to slow down to 2.3% in 2022 due to the negative impact of Russia’s invasion of Ukraine and soaring inflation.
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