9,251 sq km (of which 3,355 sq km are in north Cyprus)
Currency:
euros
Languages:
Greek, Turkish, English 4.1, Romanian 2.9, Russian 2.5, Bulgarian 2.2, Arabic 1.2, Filipino 1.1, other 4.3, unspecified 0.6
Economic Overview
Key economic indicators for Cyprus
GDP:
$49.526 billion
GDP per Capita:
$53,400
GDP Growth:
2.61%
Inflation:
3.54%
Unemployment:
5.96%
Public Debt:
97.5% of GDP
Credit Rating:
BBB- (2018)
Political System
Governance structure of Cyprus
Government Type:
Republic of Cyprus - presidential republic; self-declared "Turkish Republic of Northern Cyprus" (TRNC) - parliamentary republic with enhanced presidency
Head of State:
President Nikos CHRISTODOULIDIS (since 28 February 2023)
Head of Government:
President Nikos CHRISTODOULIDIS (since 28 February 2023)
Judiciary:
Supreme Court of Cyprus (consists of 13 judges, including the court president); note - the highest court in the "TRNC" is the "Supreme Court" (consists of 8 "judges," including the "court president")
Administrative Divisions:
6 districts; Ammochostos (Famagusta; all but a small part located in the Turkish Cypriot community), Keryneia (Kyrenia; the only district located entirely in the Turkish Cypriot community), Larnaka (Larnaca; with a small part located in the Turkish Cypriot community), Lefkosia (Nicosia; a small part administered by Turkish Cypriots), Lemesos (Limassol), Pafos (Paphos); note - the 5 "districts" of the "Turkish Republic of Northern Cyprus" are Gazimagusa (Famagusta), Girne (Kyrenia), Guzelyurt (Morphou), Iskele (Trikomo), Lefkosa (Nicosia)
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
Yes
Diplomatic Presence:
2211 R Street NW, Washington, DC 20008
Major Alliances and Organizations
EU
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
1.2% (2023 est.)
Industry
10.5% (2023 est.)
Services
76.6% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$28.808 billion
Imports:
$29.091 billion
Major Trading Partners
Libya 14
Greece 11
Lebanon 8
Bermuda 7
Marshall Islands 5
Economic Outlook
Cyprus has a 2.61% GDP growth rate with 3.54% inflation. The economy is characterized by a strong agriculture sector.