The Cyprus economy is characterized by stability, low inflation and a low unemployment rate. The economy is based mainly on professional services. The relevant economic indexes are laid out below:
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SELECTED ANNUAL ECONOMIC INDEXES | ||||||
|
|
|
2002 |
2003 |
2004 |
2005 |
2006 |
|
Official International Reserves |
million CYP |
1741,3 |
1617,3 |
1750,5 |
2174,1 |
2400,0(1) |
|
Tourist Arrivals |
% fluctuation (5) |
-10,3 |
-4,8 |
2,0 |
5,2 |
-2,0(1) |
|
Revenue from Tourism |
% fluctuation (5) |
-11,0 |
-10,4 |
-3,2 |
2,4 |
4,0(1) |
|
Balance of current Transactions (8) |
% on the GDP |
-3,7 |
-2,2 |
-5,0 |
-5,6(1) |
-5,9(1) |
|
Inflation |
% fluctuation(5) |
2,80 |
4,14 |
2,29 |
2,56 |
2,80(1) |
|
Registered Unemployed persons |
% on the DP |
3,1 |
3,5 |
3,6 |
3,7 |
3,5(1) |
|
GDP (current prices) |
million CYP |
6416,5 |
6865,9 |
7389,8 |
7861,6(7) |
8361,7(1) |
|
GDP (actual growth rate) |
% fluctuation (5) |
2,0 |
1,8 |
4,2 |
3,9(7) |
3,8(1) |
|
Per capita GDP (CP) |
CYP |
9042 |
9528 |
10026 |
10372(7) |
10859(1) |
| Per Capita GDP (PPS) (2) |
EU -25=100 |
82,6 |
80,4 |
84,1 |
84,6 |
84,0(1) |
|
Per Capita GDP (PPS) (2) |
PPS |
17800 |
17500 |
19100 |
19900 |
20600(1) |
|
Fiscal Surplus (+)/ Deficit (-) |
million CYP |
-283,2 |
-432,0 |
-299,9 |
-183,6(7) |
-159(1) |
|
Fiscal Surplus (+)/ Deficit (-) |
% of the GDP |
-4,4 |
-6,3 |
-4,1 |
2,3(7) |
-1,9(1) |
|
General Government |
|
|
|
|
|
|
|
Domestic Public Debt (2) |
million CYP |
3308,5 |
3686,5 |
3785,6 |
4104,4(7) |
4168,7(1) |
|
Domestic Public Debt (2) |
% of the GDP |
51,6 |
53,7 |
51,2 |
52,2(7) |
49,9(1) |
|
Domestic Public Debt (2) |
million CYP |
844,7 |
1059,1 |
1413,1 |
1338,5(7) |
1246,2(1) |
|
Domestic Public Debt (2) |
% of the GDP |
13,2 |
15,4 |
19,1 |
17,0(7) |
14,9(1) |
|
Total Public Debt (2) |
million CYP |
4153,2 |
4745,6 |
5198,7 |
5442,9(7) |
5414,9(1) |
|
Total Public Debt (2) |
% of the GDP |
64,7 |
69,1 |
70,3 |
69,2(7) |
64,8(1) |
|
Total Public Debt (2) |
million CYP |
6559,5 |
7359,4 |
7977,3 |
8489,7(7) |
8701,7(1) |
|
Total Public Debt (2) |
% of the GDP |
102,2 |
107,2 |
108,0 |
108,0(7) |
104,1(1) |
|
Total Public Debt (2) |
million CYP |
3036,3 |
3541,4 |
5505,8 |
7183,2(4) |
8430,6(4α) |
|
Total Public Debt (2) |
% of the GDP |
47,3 |
51,6 |
74,5 |
91,4(4) |
100,8(4α) |
|
1. Estimate | ||||||