The most important sectors of Cyprus’s economy in 2018 are wholesale and retail trade, transport, accommodation and food services (25.3%), public administration, defense, education, human health and social work activities (19.3%) Currency: EURO GDP Per Capita: 27,858.4 USD (2019) GDP Growth Rate : 3.2%annual change (2019) Gross Domestic Product: 28,298.64 million (2019) GNI Per Capita: 39,880 PPP dollars (2018)
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The top exports of Cyprus are Refined Petroleum ($984M), Recreational Boats ($757M), Packaged Medicaments ($400M), Other Sea Vessels ($280M), and Cheese ($274M). The top imports of Cyprus are Refined Petroleum ($2.24B), Passenger and Cargo Ships ($1.67B), Recreational Boats ($620M), Cars ($513M), and Special Purpose Ships ($375M). Cyprus’s main export partners are Greece, the UK and Israel, while its main import partners are Greece, Israel, and the UK. Know more about Exports & Imports.
Finances with European Union
Total EU spending in Cyprus: 0.264 billion Total EU spending as %of Cypriot gross national income (GNI): 1.31% Total Cypriot contribution to the EU budget: 0.180 billion Cypriot contribution to the EU budget as %of its GNI: 0.89%