2022-2023 Cyprus Country Report
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CYPRUSCOUNTRY REPORT <strong>2022</strong><br />
CYPRUS<br />
BUSINESS<br />
FIGURES<br />
TOTAL GDP<br />
€23.4<br />
billion<br />
(2021)<br />
GDP PER CAPITA<br />
€26,031<br />
(2021)<br />
12.3%<br />
Taxes & Subsidies<br />
5.4%<br />
Construction<br />
7.5%<br />
Mining, manufacturing,<br />
electricity & water<br />
GDP<br />
BY SECTOR<br />
73.1%<br />
Services<br />
1.8%<br />
Agriculture,<br />
forestry & fishing<br />
UNEMPLOYMENT<br />
7.5%<br />
(2021)<br />
GDP GROWTH<br />
5.5%<br />
(2021)<br />
INFLATION<br />
2.3%<br />
(2021)<br />
INTERNATIONAL RANKINGS<br />
Standard & Poor’s<br />
BBB<br />
CORPORATE<br />
TAX RATE<br />
12.5%<br />
TIME TO START<br />
UP A BUSINESS<br />
1.3 days<br />
ACCOUNTING<br />
STANDARD<br />
IFRS<br />
Fitch<br />
BBB- Moody’s<br />
Ba1<br />
(September <strong>2022</strong>)<br />
MAIN TRADING PARTNERS<br />
UK<br />
Germany<br />
Italy<br />
France<br />
Israel<br />
Greece<br />
China<br />
CRIME<br />
0.9 per<br />
100 persons<br />
<strong>Cyprus</strong> is the safest<br />
country in the world for<br />
young people out of<br />
184 countries across<br />
the globe.<br />
8
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