Cyprus Frontier

Economy & industry overview

Cyprus has a small, open, services-driven economy with GDP of approximately 37.6 billion USD in 2024, supported by tourism, financial services, shipping, and professional services. Real GDP grew by approximately 3.4 percent in 2024, outperforming the EU average, driven primarily by private consumption and a resilient tourism sector. The banking sector has recovered substantially from the 2012 to 2013 financial crisis, with the two major domestic banks reporting improved capital ratios and profitability. Cyprus is a full European Union member state and uses the euro as its currency, benefiting from access to EU single-market frameworks and EU-backed infrastructure investment. Energy exploration in the Eastern Mediterranean and an expanding technology sector are increasingly cited as structural growth drivers.

Key sectors

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Macro

GDP nominal, USD	$37.63B
GDP growth real, annual	3.4%
Inflation annual	2.3%
Population people	1.4M
GDP per capita USD	$37,303
Market cap total listed, USD	$27.93B
Market cap / GDP	67.7%
Unemployment	4.9%
Listed companies	87
Exchange	Cyprus Stock Exchange (CSE)

Primary data year: 2024. Sources: World Bank Development Indicators 2024, IMF World Economic Outlook 2024, Cyprus Statistical Service (CyStat), FocusEconomics Cyprus Profile, Macrotrends Cyprus GDP, TheGlobalEconomy.com Cyprus Market Data 2025, CySEC Annual Statistical Bulletin 2024, StockAnalysis Cyprus Stock Exchange List, Stockopedia Cyprus Market, CEIC Data Cyprus Stock Exchange, MSCI Fixed Income Market Classification Framework December 2024, GetGoldenVisa Cyprus Guide 2026, VisaVerge Cyprus Golden Visa 2025, Wikipedia Cyprus Investment Programme. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.

Local exchange & access

Exchange	Cyprus Stock Exchange
Code	CSE
Website	www.cse.com.cy
Currency	EUR

Local broker access

The Cyprus Stock Exchange is a regulated EU exchange but has low liquidity and limited daily turnover, typically well under 1 percent of market cap annually. Most internationally listed brokers with EU access (including Interactive Brokers, Saxo Bank, and major Greek retail brokers) can provide access to CSE-listed equities. Several of the largest CSE-listed companies are cross-listed on the Athens Stock Exchange, which generally offers better liquidity for those names. There are no US-based full-service brokers that specifically market CSE access, and US investors typically access Cypriot equities through Athens cross-listings or OTC pink-sheet instruments where available.

Global brokers with foreign-market access

• Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
• Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
• Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
• Fidelity International Trading — International stock trading on a number of developed and emerging markets.

Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.

Relocation & residency

Foreign-investor access

Cyprus is an EU member state with a well-established English-language legal and professional environment. The island has a relatively low cost of living compared to Western European capitals, a Mediterranean climate, and a flat income tax rate of 12.5 percent for corporations. Non-domicile tax status is available for qualifying individuals, offering exemptions on dividend and interest income for up to 17 years. There is no minimum stay requirement under the Golden Visa, making it popular for part-time residents. The official languages are Greek and Turkish, but English is widely spoken in business and government.