Markets Actual Q4 Q1 Q2 Q3 2022
Currency 1.13 1.13 1.12 1.12 1.11 1.1
Stock Market (points) 67.39 64.65 63.22 61.83 60.46 57.82

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.50 1.5 0.6 0.6 0.6 0.5
GDP Annual Growth Rate (%) 5.50 5.3 4.5 3.3 3 2.8
Unemployment Rate (%) 3.60 5.9 6.2 6.3 6 6.5
Inflation Rate (%) 4.30 4.8 4.2 3.1 2.1 1.7
Interest Rate (%) 0.00 0 0 0 0 0.1
Balance of Trade (EUR Thousand) -438300.00 -525000 -525000 -525000 -525000 -525000
Current Account (EUR Million) -648.60 -870 -870 -870 -870 -870
Current Account to GDP (% of GDP) -11.90 -8.6 -6.5 -6.5 -6.5 -6.5
Government Debt to GDP (% of GDP) 118.20 107 107 107 107 108
Government Budget (% of GDP) -5.70 -3.3 -1 -1 -1 -1
Business Confidence (points) 104.80 108 108 108 108 110
Consumer Confidence (points) -19.20 -17 -11 -9 -7 -5
Corporate Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.50 1.5 0.6 0.6 0.6 0.5
GDP Annual Growth Rate (%) 5.50 5.3 4.5 3.3 3 2.8
GDP (USD Billion) 23.80 23.5 23.5 23.5 23.5 24.8
GDP Constant Prices (EUR Million) 5323.50 5680 5571 5499 5483 5655
Gross National Product (EUR Million) 21000.31 22896 21945 21693 21630 22732
Gross Fixed Capital Formation (EUR Million) 1058.90 1694 1294 1094 1091 1345
GDP per capita (USD) 30438.47 31500 31500 31500 31500 32200
GDP per capita PPP (USD) 37655.18 39100 39100 39100 39100 34000
GDP From Agriculture (EUR Million) 88.00 90.34 89.87 90.9 90.64 94.18
GDP From Construction (EUR Million) 355.80 366 370 368 366 388
GDP From Manufacturing (EUR Million) 296.66 260 292 306 306 301
GDP From Mining (EUR Million) 353.00 365 346 365 364 361
GDP From Public Administration (EUR Million) 996.02 519 1030 1029 1026 1063
GDP From Services (EUR Million) 1081.90 1213 1184 1118 1114 1152

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 3.60 5.9 6.2 6.3 6 6.5
Employed Persons (Thousand) 417.40 379 379 379 379 379
Labour Costs (points) 102.32 106 119 102 104 121
Wages (EUR/Month) 1916.00 2386 1919 1945 1945 2339
Population (Million) 0.89 0.89 0.89 0.89 0.89 0.9
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 1.70 1.5 1.5 1.5 1.5 2

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 4.30 4.8 4.2 3.1 2.1 1.7
Consumer Price Index CPI (points) 104.79 108 105 106 106 107
Harmonised Consumer Prices (points) 104.24 107 107 107 107 107
Inflation Rate Mom (%) 0.70 0.07 0.44 0.19 0.19 0.27
Food Inflation (%) -0.20 4.3 4.1 3.8 2.5 1.3
CPI Transportation (points) 106.06 104 107 107 107 107

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.00 0 0 0 0 0.1

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (EUR Thousand) -438300.00 -525000 -525000 -525000 -525000 -525000
Current Account (EUR Million) -648.60 -870 -870 -870 -870 -870
Current Account to GDP (% of GDP) -11.90 -8.6 -6.5 -6.5 -6.5 -6.5
Imports (EUR Thousand) 617600.00 787000 787000 787000 787000 787000
Exports (EUR Thousand) 179300.00 262000 262000 262000 262000 262000
Tourist Arrivals (Persons) 391638.00 82000 82000 82000 82000 115000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 118.20 107 107 107 107 108
Government Budget (% of GDP) -5.70 -3.3 -1 -1 -1 -1
Government Budget Value (EUR Million) -601.70 352 352 352 352 352
Government Spending (EUR Million) 1198.40 990 1207 1238 1234 1202
Government Spending to GDP (% of GDP) 46.30 46.2 46.2 46.2 46.2 42

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 12.50 12.5 12.5 12.5 12.5 12.5
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 16.60 15.6 15.6 15.6 15.6 15.6
Social Security Rate For Companies (%) 8.30 7.8 7.8 7.8 7.8 7.8
Social Security Rate For Employees (%) 8.30 7.8 7.8 7.8 7.8 7.8

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 104.80 108 108 108 108 110
Industrial Production (%) -1.30 1.2 1.2 1.5 1.5 0.9

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) -19.20 -17 -11 -9 -7 -5
Retail Sales YoY (%) 7.70 3.2 -2.1 1.8 0.5 0.7
Consumer Spending (EUR Million) 3516.00 3750 3906 3632 3621 3688
Gasoline Prices (USD/Liter) 1.53 1.14 1.38 1.31 1.25 1.18

Housing Actual Q4 Q1 Q2 Q3 2022
Construction Output (%) 26.20 5 5 5 5 5


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Cyprus Forecast - was last updated on Wednesday, December 1, 2021.