7 min read In App Oct 20

Economy & Banks

GDP structure, 2025–2026 indicators, key sectors, banks, Ministry of Finance, and KEP centers.

Updated: October 20, 2026

Updated: The IMF's October 2026 forecast for Cyprus: growth 2.9% in 2026 and 3.2% in 2027, inflation 3.7%, unemployment 4%, a budget surplus of 2.6% of GDP and public debt down to 38.6% of GDP by 2029. Inflation reached 3.7% in September, pushed up by fuel (+25.8%) and electricity. The 2026 news chapter now runs to October.

Economy & Banks

Economy of Cyprus (Οικονομία — Ikonomía)

Cyprus is a small island economy that over the last 50 years has transformed from an agricultural to a service-based one. Back in the 1970s, potatoes and citrus fruits were grown here. T