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19 February, 2021updated 30 Oct 2021 05:07

Investing in Cyprus: what you need to know

All of the key data and information needed when considering investing in Cyprus.

By Carmen

As of 2021, Cyprus has a population of 992,400 making it the 163rd largest country in the world by this measure. There are 49.1% males and 50.9% females.

There are 488,700 people employed in Cyprus, with an unemployment rate of 5.5% – 28,300 people.


Cyprus is the 63rd largest economy in the world with a GDP of $24.5bn. Cyprus’s GDP has grown by -3% between 2010 and 2021 and is expected to grow by 14% by 2025.

As of 2021 there are 42,100 students in tertiary education in Cyprus, with 55,400 students in secondary and 57,600 in primary education. Cyprus spent 6% of its GDP on education in 2019.

Cyprus ranked 54th in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 57th. In the World Economic Forum’s Global Competitiveness Report (2019), Cyprus finished 44th, after ranking 44th in 2018.

Public healthcare expenditure totalled $723m and private healthcare expenditure equalled $981.0m in 2018.

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