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Cyprus - ECONOMIC INDICATORS
Economic forecasts - General economic indicators - Investments - Foreign Trade


Economic forecasts


 
Indicators
2005
2006
GDP (USD billion)
16.905  
17.849  
Real GDP growth (constant prices)
3.8 % 
4.0 %
GDP per capita (USD)
20865.635  
21834.427  
Inflation rate
2.5 % 
2.5 % 
Source : IMF - 2005 data


General economic indicators

Indicators 2002 2003 2004
GDP (USD billion) 10.5   13.2   15.4  
Real GDP growth (constant prices) 2.1 % 1.9 % 3.7 %
GDP per capita (USD) 12709   12867   13245  
Inflation rate 2.8 % 4.1 % 2.3 %
Unemployment rate 3.3%   4.1%   ..  
External debt (USD billion) ..   ..   ..  
Cyprus Pound rate on 12/31 (1 US$)   0.5485   0.4687   0.4266  
Sources : IMF - 2005 data, World bank, Oanda


GDP per activity sector 2002 2003 2004
Agriculture and fishing ..   ..   ..  
Industry and mining ..   ..     ..  
Services ..   ..     ..  
Sources : World bank


Investments


FDI inflows (USD million) 2002 2003 2004 World rank
Foreign Direct Investments (F.D.I.) 1057   1011   1146   54 / 197
Source : UNCTAD "World Investment Report 2005 "


Foreign Trade


General indicators


Indicators (USD billion) 2002 2003 2004
Imports of goods (f.o.b.) 3.7   4.1   5.2  
Export of goods (f.o.b) 0.9   1.0   1.2  
Trade balance -2.8   -3.1   -4.0  
Balance of payments -0.5   -0.4   -0.9  
Sources : World bank, IMF


Indicators 2002 2003 2004
Share of foreign trade in GDP ..   ..   ..  
Share of imports in GDP ..   ..   ..  
Share of exports in GDP ..   ..   ..  
Imports of goods and services (percent change) ..   ..   ..  
Exports of goods and services (percent change) ..   ..   ..  
Sources : World bank, IMF


Trade in goods/services by major category


2003 Imports Exports
Total Trade in Goods (USD billion):     4.1     1.0    
Agricultural raw materials 1%   1%  
Food products 12%   41%  
Hydrocarbons 10%   4%  
Manufactured products (chemicals, machines,...) 72%   49%  
Ores and metals 1%   5%  
Other goods 4%   0%  


2003 Imports Exports
Total Trade in Services (USD billion): 2   5  
Transport 52%   25%  
Tourisme 30%   42%  
Other services (insurance, financial services, telecommunications,...) 18%   33%  
Source : World Bank


Trade Data, by HS Code :
Source : www.intracen.org, last available data


Trade by partner countries



Main clients
(% of exports)
2004
United Kingdom   27.3%  
Greece   11.9%  
Areas, nes   7.8%  
Germany   5%  
United Arab Emirates   4.7%  

Main suppliers
(% of imports)
2004
Greece   15.1%  
Italy   10.5%  
Germany   8.9%  
United Kingdom   8.6%  
France   6.3%  
Source : COMTRADE


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Last modified in October 2005
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