Cyprus

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Economic Indicators

Economic forecasts - General economic indicators - Investments - Foreign trade

Economic forecasts

Indicators 2007 2008
GDP (USD billion) 20.505 22.119
GDP (constant prices, annual % change) 3.8 3.7
GDP per capita (USD) 26 386 28 209
Inflation rate (consumer prices, annual % change) 2 2.4

Source : IMF - World Economic Outlook Database

General economic indicators

Indicators 2004 2005 2006
GDP (USD billion)(1) 15.789 16.958 18.235
GDP (constants prices, annual % change)(1) 4.2 3.9 3.8
GPD per capita (USD)(1) 21342.694 22378.289 23676.085
Inflation (consumer prices, annual % change)(1) 2.3 2.6 2.5
Unemployment rate (%)(2) 4.7 5.3 4.5
External debt (USD billion)(3) .. .. ..
Official exchange rate per USD (period average)(3) 0.4686005 0.4640705 0.4589159

Source : (1) IMF - World Economic Outlook Database,
(2) ILO - Key Indicators of the Labour Market, (3) World Bank - World Development Indicators

GDP per activity sector 2004 2005 2006

Source : World Bank - World Development Indicators

Investments

Foreign Direct Investments 2004 2005 2006 World rank (*)
2006
FDI inflows (USD million) 1,090 1,214 1,492 22/141

Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index.
It is a measure of the extend to which a host country receives inward FDI relative to its economic size.
It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

Foreign Trade

General indicators

Indicators (USD billion) 2004 2005 2006
Imports of goods 5.22 5.78 6.44
Exports of goods 1.17 1.54 1.42
Trade balance -4.05 -4.23 -5.02
Current account -0.83 -0.93 -1.08

Source : World Bank - World Development Indicators

Indicators (%) 2004 2005 2006
Share of foreign trade in GDP
Share of imports of goods and services in GDP
Share of exports of goods and services in GDP
Imports of goods and services (annual % change)
Exports of goods and services (annual % change)

Source : World Bank - World Development Indicators

Trade in goods/services by major category

2005 Imports Exports
Total Trade in Goods (USD billion): 5.78 1.54
Agricultural raw materials 1.2 0.6
Food products 12 23.7
Hydrocarbons 12 7.2
Manufactured products (chemicals, machines,...) 72.4 64.8
Ores and metals 1.1 3.8

Source : World Bank - World Development Indicators

2005 Imports Exports
Total Trade in Services (USD billion): 2.5 5.9
Transport 43.9 24.5
Tourism 31.8 38

Source : World Bank - World Development Indicators

Trade Data, by HS Code
Import Statistics Export Statistics

Source : www.intracen.org, last available data

Trade by partner countries

Main Customers
(% of exports)
 
United Kingdom 14,60%
Greece 13,20%
France 7,40%
United Arab Emirates 4,60%
Main suppliers
(% of imports)
 
Greece 17,30%
Italy 11,40%
United Kingdom 8,90%
Germany 8,90%
Israel 6,20%

Source : Comtrade, 2006.

Export Entreprises SA
Last update : January 2008
Next update : October 2008