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2023-Cyprus-Country-Report

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CYPRUSCOUNTRY REPORT <strong>2023</strong><br />

REAL GDP GROWTH (%)<br />

IMF EC Sapienta<br />

7.0<br />

6.0<br />

5.0<br />

4.0<br />

3.0<br />

2.0<br />

1.0<br />

0.0<br />

-1.0<br />

2020<br />

-4.4<br />

-4.4<br />

-3.4<br />

6.6<br />

6.6<br />

9.9<br />

5.6<br />

5.6<br />

5.1<br />

2.5<br />

2.2<br />

2021 2022<br />

<strong>2023</strong> (f) 2024 (f) 2025 (f)<br />

2.1<br />

2.8<br />

2.6<br />

2.8<br />

3.0<br />

2.9<br />

2.0<br />

-2.0<br />

-3.0<br />

GDP IN €/BILLION<br />

GDP PER<br />

CAPITA IN €<br />

25<br />

25<br />

20<br />

20<br />

15<br />

15<br />

10<br />

10<br />

5<br />

21.7<br />

23.2 22.1 24.9 27.8<br />

24,912<br />

26,280<br />

24,761<br />

27,687<br />

30,434<br />

5<br />

0<br />

2018 2019 2020 2021 2022<br />

2018 2019 2020 2021 2022<br />

0<br />

Sources: IMF, Staff <strong>Report</strong>, June <strong>2023</strong>; European Commission Autumn Economic Forecast, November <strong>2023</strong>;<br />

Sapienta <strong>Country</strong> Analysis <strong>Cyprus</strong>, October <strong>2023</strong>; Cystat<br />

26

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