The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a surplus of €1.401,2 mn (4,2% of GDP) for the period of January-September 2024, as compared to a surplus of €679,9 mn (2,2% of GDP) that was recorded during the period of January-September 2023.

Read the full announcement here (Graphs & Tables)

The unemployed persons, registered at the District Labour Offices on the last day of September 2024, reached 8.142 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for September 2024 decreased to 10.181 persons in comparison to 10.616 in the previous month. 

In comparison with September 2023, a decrease of 1.551 persons or 16,0% was recorded, attributed mainly to the sectors of financial and insurance activities, trade, construction, professional, scientific and technical activities, as well as to the decrease recorded for newcomers in the labour market.

Read the full announcement here (Graphs & Tables)

The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a surplus of €702,5 mn (2,2% of GDP) for the period of January-July 2024, as compared to a surplus of €345,9 mn (1,2% of GDP) that was recorded during the period of January-July 2023. 

Revenue

During the period of January-July 2024, total revenue increased by €953,1 mn (+14,2%) and amounted to €7.662,1 mn, compared to €6.709,0 mn in the corresponding period of 2023.

On the contrary, capital transfers decreased by €16,9 mn (-37,2%) to €28,5 mn, from €45,4 mn in 2023.

Expenditure

During the period of January-July 2024, total expenditure increased by €596,6 mn (+9,4%) and amounted to €6.959,7 mn, compared to €6.363,1 mn in the corresponding period of 2023.

The capital account decreased by €61,8 mn (-12,4%) to €434,9 mn, from €496,7 mn in 2023, of which gross capital formation decreased by €74,0 mn (-17,4%) to €352,3 mn, from €426,3 mn in 2023 and other capital expenditure increased by €12,2 mn (+17,3%) and amounted to €82,6 mn, compared to  €70,4 mn in 2023.

On the contrary, subsidies decreased by €19,1 mn (-19,2%) to €80,6 mn, from €99,7 mn in 2023.

Read the full announcement here (Graphs & Tables)

According to the results of the Labour Force Survey, the labour force in the 2^nd quarter of 2024 amounted to 511.423 persons or 65,1% of the population (males 69,9%, females 60,6%) in comparison to 511.573 persons (65,9%) in the corresponding quarter of 2023.

The number of employed persons was 487.663 and the employment rate 62,0% (males 67,0%, females 57,5%) in comparison to 482.483 persons (62,1%) in the corresponding quarter of 2023.

The number of unemployed persons amounted to 23.760 and the unemployment rate to 4,6% of the labour force (males 4,2%, females 5,2%) in comparison to 29.090 persons (5,7%) in the corresponding quarter of 2023.

Read the full announcement here (Graphs & Tables)