Cyprus is an island nation located in the Eastern mediterranean, south of Turkey and Greece. Greek mythology says it is the birthplace of the ancient Greek goddess of love Aphrodite, however Cyprus’s modern history has been dominated by tension between its Greek and Turkish inhabitants.

A major tourist destination in the Mediterranean, Cyprus has successfully diversified its traditionally agrarian economy, to both tourism and by becoming an important financial hub, especially for investors from Russia and Eastern Europe. Greek Cypriots comprised the majority of the population, with Turkish Cypriots next, and others making up the rest of the Cypriot population. There are also over 10,000 people of Russian origin living in Cyprus.

Average Monthly Earnings

Employment-to-Population Ratio

Unemployment Rate

Employment by Sector

Agriculture 2.4%
Industry 18.4%
Services 79.2%

Employment Distribution by Education

Age 15+

Less than Basic 0.5%
Basic 14.5%
Intermediate 38.3%
Advanced 46.7%
Level Not Stated 0%

Age 15-24

Less than Basic 0%
Basic 11.3%
Intermediate 54.8%
Advanced 33.9%
Level Not Stated 0%

Age 15-64

Less than Basic 0.4%
Basic 13.6%
Intermediate 38.7%
Advanced 47.3%
Level Not Stated 0%

Age 25+

Less than Basic 0.6%
Basic 14.7%
Intermediate 37.0%
Advanced 47.7%
Level Not Stated 0%

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