Cyprus: economy and key statistics
Cyprus is number 104 in the 311 Nations Index, with a GDP of $41.2 billion in 2025. GDP per person is $41,783. The economy grew by 3.8% in 2025. Unemployment is 4.9%. The economy is 77% services, 11% industry, 1% agriculture. In 311 Institute directories: 6 R&D labs, 2 startups, 1 investors, 2 Titans.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Cyprus is number 81 in the 311 National Power Index, scoring 35.2 out of 100: economic 52, technology 19, military 22 and human capital 56.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $41.2 billion | 2025 |
| GDP (purchasing power) | $63.7 billion | 2025 |
| GDP per person | $41,783 | 2025 |
| Economic growth | +3.8% | 2025 |
| Inflation | 0.1% | 2025 |
| Unemployment | 4.9% | 2025 |
| Population | 1.4 million | 2025 |
| Labour force | 0.8 million | 2025 |
| Services share of GDP | 77% | 2025 |
| Industry share of GDP | 11% | 2025 |
| Manufacturing share of GDP | 4% | 2025 |
| Agriculture share of GDP | 1% | 2025 |
| Exports share of GDP | 98% | 2025 |
| Foreign direct investment | 27.1% of GDP | 2025 |
| High-tech share of manufactured exports | 18% | 2024 |
| R&D spending | 0.68% of GDP | 2023 |
| Internet users | 90% of people | 2024 |
Startups in Cyprus
Investors in Cyprus
Main export industries
Cyprus exported goods worth about $5.6bn in 2024. Its biggest export industries:
- Ships, boats and floating structures: $1.7bn (31.0% of goods exports)
- Mineral fuels, mineral oils and products of their distillation: $1.7bn (30.8% of goods exports)
- Pharmaceutical products: $0.5bn (8.5% of goods exports)
- Dairy produce: $0.4bn (6.4% of goods exports)
- Electrical machinery and equipment: $0.2bn (2.8% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in Europe
- Germany (#3)
- United Kingdom (#5)
- France (#7)
- Russia (#8)
- Italy (#9)
- Spain (#12)
- Türkiye (#16)
- Netherlands (#18)
- Switzerland (#20)
- Poland (#21)
- Belgium (#22)
- Ireland (#23)
- Sweden (#25)
- Austria (#28)
- Norway (#31)
Questions and answers
How big is the economy of Cyprus?
Cyprus had a GDP of $41.2 billion in 2025, ranking number 104 in the 311 Nations Index.
What is GDP per person in Cyprus?
GDP per person in Cyprus was $41,783 in 2025.
How fast is the economy of Cyprus growing?
The economy of Cyprus grew by 3.8% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
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