The Gross Domestic Product (GDP) in Cyprus expanded 3.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Cyprus averaged 2.53 percent from 1996 until 2019, reaching an all time high of 7.20 percent in the fourth quarter of 2016 and a record low of -7.50 percent in the second quarter of 2013. Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Industry accounts for only 10 percent and agriculture for 2 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

ICU Beds in Cyprus averaged 391.98 per 100K people from 1976 until 2014, reaching an all time high of 618.63 per 100K people in December of 1986 and a record low of 195.32 per 100K people in December of 2004. This page includes a chart with historical data for Cyprus ICU Beds.

Cyprus recorded a trade deficit of 539694 EUR Thousand in February of 2020. Balance of Trade in Cyprus averaged -207406.81 EUR Thousand from 1975 until 2020, reaching an all time high of 158661 EUR Thousand in March of 2018 and a record low of -925948 EUR Thousand in May of 2016. Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports. This page provides - Cyprus Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Cyprus decreased to 219294 EUR Thousand in February from 220111 EUR Thousand in January of 2020. Exports in Cyprus averaged 91622.26 EUR Thousand from 1975 until 2020, reaching an all time high of 888660 EUR Thousand in March of 2018 and a record low of 5946 EUR Thousand in February of 1975. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. This page provides - Cyprus Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Cyprus increased to 758988 EUR Thousand in February from 704089 EUR Thousand in January of 2020. Imports in Cyprus averaged 299029.07 EUR Thousand from 1975 until 2020, reaching an all time high of 1082134 EUR Thousand in May of 2016 and a record low of 13481 EUR Thousand in June of 1975. Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows. In th European Union, the UK and Greece account for the largest share of trade due to historical connections. This page provides - Cyprus Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Index in Cyprus decreased to 101.81 points in the fourth quarter of 2019 from 105.69 points in the third quarter of 2019. Housing Index in Cyprus averaged 108.36 points from 2005 until 2019, reaching an all time high of 130.42 points in the second quarter of 2008 and a record low of 93.41 points in the first quarter of 2005. In Cyprus, the House Price Index measures residential property market prices. The HPI captures price changes of all kinds of residential property purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market prices are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. This page provides - Cyprus House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Cyprus increased to 71 percent in the fourth quarter of 2019 from 70.80 percent in the third quarter of 2019. Employment Rate in Cyprus averaged 67.17 percent from 2000 until 2019, reaching an all time high of 71.50 percent in the fourth quarter of 2007 and a record low of 60.90 percent in the first quarter of 2014. In Cyprus, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Cyprus Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Cyprus increased to 6.70 percent in March from 5.80 percent in February of 2020. Unemployment Rate in Cyprus averaged 7.80 percent from 2000 until 2020, reaching an all time high of 16.50 percent in March of 2014 and a record low of 3 percent in March of 2002. In Cyprus, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Cyprus Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cyprus recorded a government budget deficit of 277.40 EUR Million in the fourth quarter of 2019. Government Budget Value in Cyprus averaged -104.93 EUR Million from 1995 until 2019, reaching an all time high of 417.30 EUR Million in the third quarter of 2019 and a record low of -1522.40 EUR Million in the first quarter of 2014. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Cyprus Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Cyprus increased to 416.50 Thousand in 2019 from 400.80 Thousand in 2018. Employed Persons in Cyprus averaged 283.58 Thousand from 1970 until 2019, reaching an all time high of 416.50 Thousand in 2019 and a record low of 135 Thousand in 1975. In Cyprus, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Cyprus Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Cyprus decreased to 106.89 points in April from 111.72 points in March of 2020. Cpi Housing Utilities in Cyprus averaged 102.22 points from 2015 until 2020, reaching an all time high of 111.72 points in March of 2020 and a record low of 91.94 points in April of 2016. This page provides - Cyprus Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Cyprus decreased to 91.35 points in April of 2020 from 95.77 points in March of 2020. CPI Transportation in Cyprus averaged 97.83 points from 2015 until 2020, reaching an all time high of 103.94 points in June of 2015 and a record low of 91.35 points in April of 2020. This page provides - Cyprus Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Cyprus stands at BBB- with stable outlook. Moody's credit rating for Cyprus was last set at Ba2 with positive outlook. Fitch's credit rating for Cyprus was last reported at BBB- with stable outlook. DBRS's credit rating for Cyprus is BBB (low) with positive outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Cyprus thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Cyprus as reported by major credit rating agencies.

Cyprus recorded 891 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Cyprus reported 15 Coronavirus Deaths. This page includes a chart with historical data for Cyprus Coronavirus Cases.

Cyprus recorded 15 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Cyprus reported 891 Coronavirus Cases. This page includes a chart with historical data for Cyprus Coronavirus Deaths.

Cyprus recorded 400 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Cyprus reported 15 Coronavirus Deaths. This page includes a chart with historical data for Cyprus Coronavirus Recovered.

Poland has been a strong performer across the OECD through the global economic crisis, growing much faster than most other countries and making impressive steps toward reducing the income gap with its European Union partners, according to the OECD’s latest economic survey.

Korea faces the challenge of reversing rising inequality while sustaining robust economic growth.

Quarterly Gross Domestic Product (GDP) in the G20 area grew 0.8% in the first quarter of 2012 compared with 0.7% in the fourth quarter of 2011, according to preliminary estimates. This small pick-up in aggregate G20 GDP growth still masks diverging patterns among the world's largest economies however.

The Spanish economy experienced significantly weaker labour productivity growth than other OECD economies and failed to catch up with the most advanced economies in the period 1996-2007. In recent years labour productivity growth has accelerated, but this recovery is likely to be due to cyclical and temporary factors.

Denmark’s green growth strategy focuses on moving the energy system away from fossil fuels and investing in green technologies, while limiting greenhouse gas (GHG) emissions.

Despite sound policies and institutions, Danish productivity has grown modestly over the past decade, both historically and in relation to other countries, contributing to weak economic growth and an erosion in competitiveness.

Ce document présente les principales recommandations de l'OCDE pour la France dans des domaines essentiels tels que la croissance et l’emploi (efficacité des services publics, système financier, innovation, fonctionnement des marchés des produits et du travail, éducation, retraites, réforme fiscale, croissance verte et agriculture) et la justice sociale (santé, logement, famille, jeunesse, intégration).

The strength of the German labour market response to the financial crisis of 2008-09 demonstrated the benefits of past labour market reforms, which raised work incentives, improved job matching and increased working hour flexibility.

This paper explores the productivity impact of trade, product market and financial market policies over the last decade in China – a fast growing country where, despite significant reform action, regulatory stance remains still far from OECD standards.

Indonesia has improved its macro-economic and structural policies over the last 15 years. Its economy, with strong and stable growth rates of 5–6.6%, is catching up with other countries in the region and allowing Indonesia to focus on its development agenda.

OECD Secretary-General Angel Gurría welcomes the Spanish government's budget and the economic policy measures announced yesterday.

Micro, small and medium-sized firms (MSMEs) are a key source of employment and economic growth in Indonesia. They contributed to the country’s economic resilience during the 2008-09 financial crisis.

Secretary-General Angel Gurría opens the first meeting of the New Approaches to Economic Challenges (NAEC) Group, an organisation-wide reflection process on the roots and lessons from the crisis with the aim of catalysing a process of continuous improvement of our analytical frameworks and policy advice. This meeting serves as a first step to get expert feedback and inputs to identify priorities for the way forward.

The President of the French Republic, Mr. François Hollande, met the Heads of international economic organisations at the OECD on Monday 29th October.

Restoring competitiveness is one of the key challenges to bring European economies back on a path of strong, sustainable and balanced growth. Europe could improve its growth prospects by implementing a strategic reform agenda with a broad range of policy reforms to increase productivity, dynamism and employment.

This workshop will convene leading experts from health and finance backgrounds in government, academia, and international organisations to take stock of progress in health expenditure forecasting and to discuss future directions, in light of policy needs and recent advancements in techniques, detailed data and computing power.

Palabras de Angel Gurría,Secretario General OCDE, Lanzamiento del Informe Perspectivas Económicas de América Latina 2013: Transformación de la Estructura Productiva y Papel de las PYMES en el Desarrollo Regional

The well performing labour market has delivered low unemployment and relatively stable wage developments.

Australia’s productivity growth has decelerated markedly around the turn of the century. Part of the decline is probably temporary, but raising multifactor productivity is key to ensure that living standards continue to grow strongly, especially if the currently strong terms of trade weaken over time.

This short paper analyses the decline of France’s trade balance over the past 15 years. While the loss in export market shares is comparable to that of the major OECD countries except Germany, it is one of the largest among the countries of the euro area.

This paper discusses the pros and cons of a single labour contract. After reviewing the current state of dualism in labour markets and the recent labour reforms in Europe, we discuss the various proposals to eliminate dualism.

Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource.

Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment.

The unemployment rate among young people has reached painfully high levels, in particular among those young people with low levels of education.

The economic situation of young people is unsatisfactory. Educational inequalities have been widening for over a decade, due to a sharp decline in the results of the most highly disadvantaged students. The unemployment rate for the 20-24 age bracket has not dropped below 16% for nearly 30 years.

The OECD provides an update on global economy in this statement to the International Monetary and Financial Committee - April 2013.

Today the OECD is publishing a report on Portugal's challenges as far as structural reform is concerned. The OECD is an outstanding reference for policy-makers all around the world and I wanted my country to benefit from your skills, experience, and insights, especially on the question of structural reform, said the Portuguese Prime Minister.

After two decades of strong economic growth and convergence in living standards towards the levels of more prosperous OECD countries, Portugal’s performance weakened in the 2000s, productivity growth slowed and competitiveness deteriorated. Restoring Portugal’s potential for strong, inclusive growth calls for a comprehensive reform of the State.

Recent OECD research has utilised harmonised cross-country firm level data to explore the contribution of public policies to cross-country differences in productivity, innovation and resource allocation.

Technological advances, less costly shipping and trade liberalisation have transformed the way in which companies make products and distribute them worldwide. Governments that become more open to trade and investment, and encourage innovation will help firms better integrate the global value chains that are driving growth in increasingly interconnected economies, according to new OECD research.

The problems of Japanese agriculture – in particular low productivity and the prevalence of part-time farmers and small plots have been evident for the past 50 years.

South Africa has achieved remarkable progress in educational attainment relative to other emerging countries, but the quality of basic education for a large fraction of the Black African population is still very low.

This paper proposes a new set of public health and long-term care expenditure projections until 2060, seven years after a first set of projections was published by the OECD. It disentangles health from long-term care expenditure, as well as the demographic from the non-demographic drivers, and refines the previous methodology, in particular by extending the country coverage.

This paper provides new projections of public spending on health and long-term care for OECD countries and the BRIICS countries (Brazil, Russia, India, Indonesia, China and South Africa). Despite the inevitable uncertainty surrounding projections, they suggest a rapidly rising trend over the next 50 years.