Cyprus

An unemployment rate of 6.098% is moderate for a European economy, suggesting some structural labor challenges or cyclical slack despite the strong GDP growth and high GDP per capita. While not critically high, it indicates room for improvement in labor market efficiency.

Cyprus has achieved 100% access to electricity for its population, a key indicator of developed infrastructure and high quality of life. This contrasts sharply with many developing nations and highlights a fundamental success in infrastructure provision.

Cyprus boasts a very high life expectancy of 81.65 years, surpassing the global average. Coupled with an extremely low infant mortality rate of 2.9 per 1,000 live births, this suggests a highly effective healthcare system and strong public health infrastructure.

In 2023, Cyprus experienced robust GDP growth (3.619%) that slightly exceeded its inflation rate (3.541%). This narrow margin suggests that economic expansion is largely keeping pace with rising prices, helping to preserve the real purchasing power of the high GDP per capita.