Statistical Service of Cyprus

Cyprus' Harmonized Consumer Price Index (HCPI) rose by 1.6% in October 2024 compared to the same month in 2023, according to data from the Statistical Service of Cyprus.

On a monthly basis, the index recorded a slight decline of 0.2% from September 2024. 

Tourism arrivals in Cyprus reached 3.27 million between January and September 2024, marking a 4.2% increase compared to the same period in 2023, according to data from the Statistical Service of Cyprus (CyStat).

This figure also represents a slight 0.23% rise from 2019, the year Cyprus saw its all-time record in tourist arrivals.

Cyprus' trade deficit dropped by 17% to 4.31 billion euros for the period of January to July compared to €5.19 billion in the respective period of last year, according to preliminary data published by the Statistical Service of Cyprus (CyStat). 

Cyprus has reported a substantial budget surplus of 424.5 million euros for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. This improvement is mainly thanks to a significant rise in government revenue, according to the Statistical Service of Cyprus (CyStat).

Job vacancies in Cyprus rose by an annual rate of 7.3% in the first quarter of 2024, whereas they rose by almost 10% compared with the fourth quarter of 2023.

Cyprus' real GDP grew by an annual 3.5% in the first quarter of 2024, and by 3.4% in seasonally adjusted terms, with the construction sector recording the highest both annual and quarterly percentage gains, according to data released by the Statistical Service of Cyprus.

Cyprus' Industrial Turnover Index reached 121.1 points in January (base 2021=100), recording an increase of 2.6% compared to January 2023, according to data published by the Statistical Service of Cyprus on Friday.

The Harmonized Index of Consumer Prices (HICP) in Cyprus rose by 2.1% between February 2023 and February 2024, according to data published by the Statistical Service of Cyprus (CyStat) on Friday. 

Vehicle registrations in Cyprus increased by 45% in January-February 2024, according to the Statistical Service of Cyprus (CyStat) report "Registration of Motor Vehicles" for the year's first two months.

Cyprus' economic growth is estimated at 2.5% in real terms in 2023. At current prices, the increase in gross domestic product (GDP) is estimated at 7.1%, according to the Statistical Service of Cyprus (CyStat).