Cyprus Sees a Surge In Tourism Revenue: February’s Significant Gains And What It Means

by News Editor

April 29, 2025

In February 2025, Cyprus reported a notable €79.7 million in tourism revenue, reflecting a remarkable 22.4% increase from the same period last year when earnings stood at €65.1 million, according to the latest release by the statistical service.

Year-to-Date Performance

Taking a broader view, the combined revenue for the first two months of 2025 reached €148.9 million, soaring by 35% compared to €110.3 million during the same months in 2024.

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Spending Patterns of Tourists

The per capita expenditure for February rose by 14.3%, amounting to €595.71 compared to €521.01 in February 2024. Among the tourists, British visitors, accounting for 24.8% of the arrivals, spent an average of €73.42 per day. Polish tourists made up 15.1% of the total arrivals and spent €71.07 daily. Intriguingly, visitors from Israel had the highest daily spending at €203.06.

Future Prospects

Looking ahead, Harris Papacharalambous, President of Cyprus Travel and Tourism Agents Association, anticipates that a total of 4.25 million tourists will visit Cyprus by the end of the year. The vision for 2026 is to enhance the island’s tourism offerings with innovative changes, turning it into a regional hub for tourism activities, thanks to Cyprus’ strategic geographical position.

For further exploration of Cyprus’s rapid growth and economic potential, read about Cyprus’s fastest-growing tech companies and their global impact.

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Cyprus Economic Roadmap 2022: A Comprehensive Analysis Of Production And Trade Dynamics

by THEFUTURE.TEAM

March 27, 2026

Cyprus recorded €96.66 billion in total supply and use of goods and services in 2022, according to the Cyprus Statistical Service (Cystat). Data reflect combined domestic production, imports and taxes. Figures provide a detailed view of the economic structure and sector contributions. The dataset includes revised data for 2018–2021.

Detailed Economic Accounts Through Supply, Use, and Input-Output Tables

Cystat published Supply, Use and Input-Output tables outlining production, imports and consumption. Data tracks how goods and services move across the economy. Tables cover use by households, businesses and government. Revised figures improve consistency across previous years.

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Sectoral Breakdown: Business Services Lead The Charge

Business services accounted for 48.4% of the total supply, making it the largest sector. The category includes professional services, real estate and technical activities. Manufacturing followed with 25.1% of the total supply. Distribution and transport services accounted for 10.5%.

Diverse Economic Contributions And Sectoral Nuances

Additional services contributed 8.4% of the total supply. Construction accounted for 6.2%, while agriculture, forestry and fishing represented 1.4%. Data show a concentration of economic activity in services and manufacturing. Smaller sectors contribute a limited share.

Domestic Production Versus International Trade

Domestic production reached €64.38 billion, representing 66.6% of total supply. Imports totalled €28.93 billion, or 29.9%. Net taxes on products, including VAT and excise duties, added €3.34 billion. Data highlights the role of trade and taxation in total supply.

Impact Of Imports And Taxation Across Sectors

The impact of imports varies across sectors. In manufacturing, imports account for 47.8% of total supply, indicating a high reliance on external inputs. Net taxes have a higher share in construction at 9.1% and in manufacturing at 7.6%. Distribution differs across sectors depending on cost structure and production models.

Data provide a detailed view of how imports and taxation affect sector performance. Findings also reflect the balance between domestic production and external trade.

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