Military Expenditure in Cyprus increased to 360 USD Million in 2018 from 357 USD Million in 2017. Military Expenditure in Cyprus averaged 421.43 USD Million from 1985 until 2018, reaching an all time high of 918 USD Million in 1992 and a record low of 79.60 USD Million in 1985.

The Social Security Rate For Companies in Cyprus stands at 8.30 percent. Social Security Rate For Companies in Cyprus averaged 10.03 percent from 2006 until 2019, reaching an all time high of 11.50 percent in 2014 and a record low of 7.80 percent in 2017. In Cyprus, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Cyprus because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Cyprus Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Cyprus increased to 4429 EUR Thousand in December from 4209 EUR Thousand in November of 2007. Money Supply M1 in Cyprus averaged 1780.44 EUR Thousand from 1993 until 2007, reaching an all time high of 4429 EUR Thousand in December of 2007 and a record low of 792 EUR Thousand in February of 1993. This page provides - Cyprus Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Cyprus increased to 18440158 EUR Thousand in November from 18178113 EUR Thousand in October of 2007. Money Supply M2 in Cyprus averaged 10874443.64 EUR Thousand from 1997 until 2007, reaching an all time high of 18440158 EUR Thousand in November of 2007 and a record low of 6024459 EUR Thousand in February of 1997. Cyprus Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Cyprus Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cyprus is ranked 54 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Cyprus improved to 54 in 2019 from 57 in 2018. Ease of Doing Business in Cyprus averaged 46 from 2008 until 2019, reaching an all time high of 60 in 2014 and a record low of 36 in 2008. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Cyprus.

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.

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.

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.

The European Union faces serious challenges today, with public finances in poor shape, weak long-term growth prospects and an unemployment level close to 10%. In this context, the regional policy can play a crucial role to unleash the growth potential of our economies, says OECD Secretary-General.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.

International migration fell in 2009, reflecting lower demand for workers in OECD countries for the second consecutive year after a decade of growth, according to a new OECD report.

The Irish economy still faces tough challenges as the country exits from a deep recession and banking crisis, but its long-term prospects now appear better than many of the other hard hit European countries, according to the OECD’s latest Economic Survey of Ireland.

The Brazilian economy has made a rapid recovery from the global economic crisis, but further reforms are necessary to boost long-term growth, spur investment and further reduce poverty, according to the OECD’s latest Economic Survey of Brazil.

The Czech economy’s export-driven recovery is slowing as weak activity Europe curbs exports. Swift implementation of new reforms is needed to ensure sustainable, inclusive long-term growth and better resilience to external shocks, according to the latest Economic Survey of the Czech Republic.

OECD Secretary-General Angel Gurría has welcomed the measures adopted by the Italian government to address fiscal sustainability while boosting growth and equity.

Can both less income inequality and more growth be achieved? A recent OECD study sheds new light on the link between policies that boost growth and the distribution of income.

Switzerland has made a broadly balanced recovery from the economic crisis, but slower activity in Europe and pressures on the Swiss franc weigh on the near-term outlook, according to the latest Economic Survey of Switzerland.

Public debt in the OECD area passed annual GDP in 2011 and is still rising. This paper was prepared for the Reserve Bank of India Second International Research Conference 2012: “Monetary Policy, Sovereign Debt and Financial Stability: The New Trilemma”, 1-2 February, 2012 in Mumbai, India

Europe's sovereign debt crisis has exposed structural weaknesses in economic governance that now threaten the entire euro region. Efforts to reinforce public finances and preserve the currency union must go further than solutions proposed to date.

Germany recovered rapidly from the 2008-09 recession, with GDP topping pre-crisis rates during 2011 and unemployment falling significantly. Public finances are sound, but further reforms are needed to transform its growth model to thrive as a knowledge-based economy.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.