Statistical Service of Cyprus
Cyprus reports rise in tourism arrivals
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.
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Cyprus’ trade deficit drops
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).
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Cyprus sees surplus soar in H1
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).
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Job vacancies increase in Cyprus too
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.
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Cyprus GDP grows
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.
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Cyprus’ Industrial Turnover Index up 2.6%
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.
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Cypriot inflation up 2.1% y-o-y in February
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.
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Great surge in new cars in Cyprus
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.
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Cyprus saw growth of 2.5% in 2023
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).
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Cyprus manufacturing shows growth
Cyprus experienced a notable 2.4% surge in industrial production in 2023, surpassing the figures from the previous year.
The Statistical Service of Cyprus (CyStat) unveiled these promising findings on Wednesday, highlighting the nation's economic growth.
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