The Cyprus economy
The Cyprus economy is based on the free enterprise system. The private sector is the backbone of economic activity, with the Government’s role being limited to monitoring the economy and the provision of public utilities.
The main economic indicators of the Cyprus economy are given in the table below:
| Key Economic Indicators | 2006 | 2007 | 2008 | 2009 | 2010 |
| Inflation rate | 2,5% | 2,4% | 4,7% | 0,3% | 2,4% |
| Registered Unemployed | 3,3% | 3% | 2,9% | 4,3% | 5,5% |
| Gross Domestic Product (€ million) |
14.435,3 | 15.879,1 | 17.247,8 | 16.945,7 | 17.465,1(p) |
| Gross Domestic Product (Real Growth) | 4.1% | 5,1% | 3,6% | (1,7%) | 1,0 (p) |
| Gross Domestic Product Per Capita (€) | 18.684 | 19.080 | 20.410 | 20.799 | 21.171 (p) |
| General Government Surplus/(Deficit) (€ million) | (172,5) | 537,4 | 157.6 | (1,011.1) | (926.1) |
Source: Central Bank of Cyprus - April 2011
Contacts
- Konstantina Logotheti
- Senior Manager - Marketing & Communications
- Tel: +357-22555108
- Fax: +357-22555003
