Official Name: | The Republic of Cyprus |
Sovereign Status: | Sovereign Country |
Government Type: | Presidential Democracy |
Official Name (Local Language): | Kypriaki Dimokratia; Kibris Cumhuriyet |
ISO Country Codes: | CY : CYP |
Internet Domain: | .cy |
Government Web Site: | https://www.cyprus.gov.cy/ |
Capital: | Nicosia | Main Airports: | Larnaca International Airport, Paphos International Airport |
Language(s): | English; Greek;Turkish | Population: | 1,295,102 |
Currency: | Euro | ISO Currency Code: | EUR |
Telephone Dial In: | +357 | ID Prefix: | 00 |
Government Website: | https://www.cyprus.gov.cy/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/cyprus |
Central Bank: | Central Bank of Cyprus |
Currency USD Exchange Rate: | 0.82771 euros (EUR) per US dollar (2020 est.) |
Unemployment Rate: | 7.07% (2019 est.) |
Population below poverty line: | 14.7% (2018 est.) |
Inflation Rate: | 0.2% (2019 est.) |
Prime Lending Rate: | N\A |
GDP: | $37.546 billion (2021 est.) |
GDP Pro Capita (PPP): | $41,700 (2021 est.) |
Currency Name: | Euro |
Currency Code: | EUR |
World Bank Classification: | High-Income Economy |
GDP Composition:
Agriculture: | 2.3% | citrus fruit, dairy, potatoes, grapes, olives, poultry, lamb |
Industry: | 10.4% | tourism, food and beverage processing, cement and gypsum, ship repair and refurbishment, textiles, light chemicals, metal products, wood, paper, stone and clay products |
Services: | 87.2% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | English |
Customs & Excise: | Cyprus Customs and Excise Department |
Development Bank(s): | The Social Development Bank in Europe; Cyprus Development Bank; The European Bank for Reconstruction and Development; |
National Standards Bureau: | Cyprus Organization for Standardization |
Competitive Ind’l Performance: 44/141 (2019) | Corruption Perceptions Index: 51/180 (2022 Rank) |
Ease of Doing Business: N/A | Enabling Trade Index: 47/136 (2016) |
Global Trade Alert | Search ITC's Lega Carta |
N/A
Investment Agency: Invest Cyprus ; Ministry of Energy, Commerce, Industry and Tourism ;
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