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2023-Cyprus-Country-Report

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

KEY SECTORS AS % OF TOTAL GROSS VALUE ADDED (GVA) 2022<br />

Agriculture<br />

& mining<br />

2%<br />

Construction<br />

5%<br />

Accommodation<br />

& food services<br />

6%<br />

Professional services<br />

9%<br />

Other services<br />

40%<br />

Manufacturing,<br />

electricity, gas & water<br />

8%<br />

Wholesale &<br />

retail trade<br />

12%<br />

Financial<br />

services<br />

10%<br />

Public administration<br />

& defence<br />

8%<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 />

113.5<br />

113.8<br />

112.8<br />

101.1<br />

101.2<br />

97.5<br />

86.5<br />

86.5<br />

84.1<br />

2020 2021 2022<br />

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

78.3<br />

78.4<br />

74.0<br />

70.6<br />

71.5<br />

61.4<br />

66.5<br />

66.3<br />

53.5<br />

27

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