
The Republic of Cyprus, a European Union (EU) island member state in the Eastern Mediterranean Sea, is located to the east of Greece, south of Turkey, west of Israel and Lebanon, and north of Egypt. A former British colony, Cyprus has been an independent state since 1960. The Republic has been a member state of the European Union since 1 May 2004. Cyprus adopted the euro (EUR) as its national currency on 1 January 2008. Nicosia is the capital city; other main cities include Limassol, Larnaca, and Paphos.
Cyprus had estimated population of 0.848 million in the year 2016 and expected to reach 0.88 million by 2022. Cyprus’s around 0.365 million was employed in 2016 and the unemployment rate was 12.907% of total labor force.
Cyprus’s real gross domestic product (GDP) was around Euro 15.79 billions in 2016 whereas the nominal GDP was Euro 17.901 billions. This resulted in GDP deflator 113.372. Per capita GDP was estimated at USD 23351.87 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 34970.30. The output gap for Cyprus in 2016 was negative at 3.277% of the potential GDP .
In 2016, Cyprus government’s revenue was Euro 6.92 billions whereas the expenditure was Euro 6.98 billions. This resulted Cyprus government’s net lending / borrowing negative at Euro 0.06 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Cyprus was estimated to be negative at USD 0.481 billions for the year 2016 and is expected to decline at a CAGR of 1,41% and reach USD 0.516 by 2022. This negative current account balance indicates the Cyprus is a net borrower from the whole world.
Scope of Cyprus – SWOT Analysis Report
•This report provides information about key macroeconomic indicators for Cyprus.
•This report provides SWOT analysis for Cyprus.
1. Executive Summary
Scope of Cyprus – SWOT Analysis Report
Research Methodology
2. Cyprus - Country Overview
2.1.1 Population
2.1.2 Employment
2.1.3 Unemployment
2.2 National Accounts Indicators
2.2.1 Real Gross Domestic Product
2.2.2 Nominal Gross Domestic Product
2.2.3 Gross Domestic Product Deflator
2.2.4 Per Capita Gross Domestic Product
2.2.5 Output Gap
2.2.6 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.7 Total Investment / Gross Capital Formation
2.2.8 Gross National Savings
2.3 Monetary Indicators
2.3.1 Consumer Price Index (CPI) Inflation
2.4 Trade Indicators
2.4.1 Change in Import Volume of Goods & Services
2.4.2 Change in Export Volume of Goods & Services
2.5 Government Finance Indicators
2.5.1 Government Revenue
2.5.2 Government Expenditure
2.5.3 Government Net Lending / Borrowing
2.5.4 Government Gross Debt
2.6 Balance of Payment Indicators
2.6.1 Current Account Balance 17
3. SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
List of Exhibits
Notes
Company Information
List of Exhibits
Exhibit 2.1 Population of Cyprus (in millions)
Exhibit 2.2 People Employment in Cyprus (in millions)
Exhibit 2.3 Unemployment Level in Cyprus (in %)
Exhibit 2.4 Real GDP of Cyprus (in Euro billions)
Exhibit 2.5 Nominal GDP of Cyprus (in Euro billions)
Exhibit 2.6 Nominal GDP of Cyprus (in USD billions)
Exhibit 2.7 GDP Deflator Index for Cyprus
Exhibit 2.8 Per Capita GDP of Cyprus (in USD)
Exhibit 2.9 Output Gap of Cyprus (in %)
Exhibit 2.10 PPP Per Capita GDP of Cyprus (in USD)
Exhibit 2.11 Total Investment of Cyprus (in %)
Exhibit 2.12 Gross National Savings of Cyprus (in %)
Exhibit 2.13 Consumer Price Index (CPI) Inflation of Cyprus
Exhibit 2.14 Change in Import Volume of Goods & Services of Cyprus (in %)
Exhibit 2.15 Change in Export Volume of Goods & Services of Cyprus (in %)
Exhibit 2.16 Government Revenue of Cyprus (in Euro billions)
Exhibit 2.17 Government Revenue of Cyprus (in % of GDP)
Exhibit 2.18 Government Expenditure of Cyprus (in Euro billions)
Exhibit 2.19 Government Expenditure of Cyprus (in % of GDP)
Exhibit 2.20 Government Net Lending / Borrowing of Cyprus (in Euro billions)
Exhibit 2.21 Government Net Lending / Borrowing of Cyprus (in % of GDP)
Exhibit 2.22 Government Gross Debt of Cyprus (in Euro billions)
Exhibit 2.23 Government Gross Debt of Cyprus (in % of GDP)
Exhibit 2.24 Current Account Balance of Cyprus (in USD billions)
Exhibit 2.25 Current Account Balance of Cyprus (in % of GDP)
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*If Applicable.
