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2022-2023 Cyprus Country Report

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CYPRUSCOUNTRY REPORT <strong>2022</strong><br />

KEY SECTORS AS % OF TOTAL GROSS VALUE ADDED (GVA) 2021<br />

Agriculture<br />

& mining<br />

2.2%<br />

Construction<br />

6.1%<br />

Accommodation<br />

& food services<br />

5.3%<br />

Professional services<br />

8.8%<br />

Other services<br />

40.5%<br />

Manufacturing,<br />

electricity, gas & water<br />

8.4%<br />

Financial<br />

services<br />

8.2%<br />

Wholesale &<br />

retail trade<br />

11.1%<br />

Public administration<br />

& defence<br />

9.5%<br />

120<br />

GROSS PUBLIC DEBT AS % OF GDP<br />

IMF EC Sapienta<br />

100<br />

80<br />

60<br />

40<br />

20<br />

0<br />

91.1<br />

91.1<br />

91.1<br />

115.0<br />

115.0<br />

115.0<br />

103.9<br />

103.6<br />

103.6<br />

2019 2020 2021<br />

<strong>2022</strong> (f) <strong>2023</strong> (f) 2024 (f)<br />

97.7<br />

93.9<br />

89.7<br />

94.1<br />

88.8<br />

82.0<br />

87.8<br />

n/a<br />

70.9<br />

25

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