Statistical Service of Cyprus

The number of building permits issued in Cyprus in the first 11 months of 2023 dropped by almost 6% year-on-year, the Statistical Service of Cyprus (CyStat) reported on Friday, with the area and value registering annual gains, driven by the increased prices in construction materials, as well as increased interest in apartment blocks.

The value of the retail trade turnover in Cyprus last year recorded a substantial increase of 8.9%, while the volume of retail trade turnover saw growth of 5.8%.

The information and communication technology sector is the undisputed champion of growth in Cyprus, as revealed by GDP data published by the Statistical Service of Cyprus (CyStat), highlighting the momentum of the sector as a component of the Cypriot GDP.

Cyprus witnessed a 1.5% surge in total beer sales last year, with a notable 9% increase in exports.

According to data from the Statistical Service of Cyprus (CyStat), the island nation guzzled down a total of 42.13 million liters of beer in 2023, celebrating a spirited rise from 41.49 million in 2022.

The latest data released by Cyprus' District Labor Offices indicate a notable decline in registered unemployment rates for November, both on a monthly and on a yearly basis.

According to the Statistical Service of Cyprus (CyStat), comparing the current statistics to November 2022, there was a substantial decrease of 2,647 persons, or 17.3%, based on seasonally adjusted data.

Building permits issued in Cyprus in the first half of 2023 dropped by an annual 7.4%, with the value of the permits rising by 16.5% and the total area by 3%, data released by the Statistical Service of Cyprus (CyStat) show.

Unemployment in Cyprus fell below 6% in the second quarter of 2023, while the labor force grew by an annual 2.45% in the same period, according to the results of the Labor Force Survey released on Wednesday by the Statistical Service of Cyprus (CyStat).

The number of registered unemployed decreased in August 2023, both on an annual and monthly basis, according to data released on Tuesday by the Statistical Service of Cyprus (CyStat).

Based on seasonally adjusted data, which reflect the unemployment trend, a decrease of 1,705 individuals or 11.4% was recorded compared to August 2022.

Tourism revenue in Cyprus saw a remarkable surge in the first half of this year. The latest data from the Statistical Service of Cyprus (CyStat) reveals that revenue from tourism amounted to a staggering 1.09 billion euros.

The Cypriot economy maintained strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking signs of a slowdown against the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to wrestle inflation under control.