Press Releases

The Statistical Service announces the publication of the bimonthly bulletin “Monthly Economic Indicators" for the period January – December 2023. The bulletin includes the most important short-term economic indicators for the Cyprus Economy, for the latest months up to December 2023, as well as comparative data for the last four years, which were available until the 14th of February 2024.

Note: The Trend component depicts the long-term evolution of the series, that can be observed over a long period of time. It is the result of influences such as population growth, technological development and general economic development.

The Manufacturing sector during the period January - November 2023, recorded an increase of 3,3% compared to January - November 2022. 

The total area of Building Permits Authorized reached 2.091,5 thousand square metres during the period January – November 2023, recording an increase of 3,9% compared to the corresponding period of the previous year.

The total registrations of Motor Vehicles increased by 34,6%, reaching to 45.494 during the period January - December 2023. Private saloon cars increased to 30.807, recording a rise of 38,2% and light goods vehicles increased to 3.409 recording a rise of 8,2% compared to January - December 2022. 

The Consumer Price Index increased by 3,5% during the period January - December 2023, compared to the corresponding period of the previous year. 

The total Imports of Goods reached €12.764,2 mn during the period January–December 2023, recording an increase of 11,3% and total Exports of Goods reached €4.189,5 mn, recording a decrease of 0,5%. 

The Arrivals of Tourists totaled 3.845.652 during the period January - December 2023, compared to 3.201.080 in the corresponding period of 2022, recording an increase of 20,1%.           

More statistics are available in the Monthly Economic Indicators bulletin, available in electronic form on the online portal of the Statistical Service.

For further information, please contact Ms Agathi Sofroniou at telephone 22602225 or via e-mail at asofroniou@cystat.mof.gov.cy.

(NZ/IA)