How much of Cyprus economy is tourism?

Cyprus – Contribution of travel and tourism to GDP as a share of GDP. In 2019, contribution of travel and tourism to GDP (% of GDP) for Cyprus was 22.7 %.

What percent of their economy is tourism based?

The direct contribution of the travel and tourism industry accounted for 3.3 percent of the total global GDP in 2019, showing a small rise over the previous year. Comparatively, the total contribution of the travel and tourism industry in 2019 accounted for 10.4 percent of the total GDP worldwide.

What is the main source of income in Cyprus?

The services sector, including tourism, contributes almost 80% to GDP and employs more than 70% of the labor force. Industry and construction account for approximately one-fifth of GDP and labor, while agriculture is responsible for 2.1% of GDP and 8.5% of the labor force.

Does the Republic of Cyprus promote tourism?

The Cyprus Tourism Organisation was established in 1969 by the Government of the Republic of Cyprus. The organisation’s objective, according to law, is to organise and promote tourism within the Republic by using all possibilities and resources available.

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How many tourists does Cyprus have?

Number of arrivals in tourist accommodation in Cyprus from 2006 to 2019* (in millions)

Characteristic Number of arrivals in millions
2019 3.2
2018 3.2
2017 2.95
2016 2.73

Which country is most dependent on tourism?

How the 20 Largest Economies Stack Up

Rank Country Travel and Tourism, Contribution to GDP
1 Mexico 15.5%
2 Spain 14.3%
3 Italy 13.0%
4 Turkey 11.3%

What is the minimum wage in Cyprus?

In 2019, the national minimum wage in Cyprus remained fixed at 870 € per month, that is 10,440 euros per year, taking into account 12 payments per year.

Cyprus repeats minimum wage.

Date Nat. Curr. NMW NMW
2018 870.0 1,043.4 $
2018 870.0 1,043.4 $
2019 870.0 996.1 $
2021 870.0 996.1 $

What is the average salary in Cyprus?

How much does a person working in Cyprus earn? They earn an average salary of 3,430 EUR every month or 41,200 EUR per year. This is the gross salary before deductions, meaning it’s inclusive of housing and transport benefits. For hourly-paid employees in Cyprus, the average salary rate is 20 EUR/hour.

Which country visits Cyprus the most?

Arrivals by country

Rank Country 2016
1 United Kingdom 1,157,978
2 Russia 781,634
3 Israel 148,739
4 Germany 124,030

Can I travel to Cyprus without a passport?

Non-EU nationals: To enter Cyprus, you must have a valid passport issued within the past ten years and with at least six months left is required, along with a return ticket and sufficient funds for the length of stay.

Why do tourists go to Cyprus?

One of the top reasons for visiting Cyprus is the incredible weather. The summer months are warm and dry, and perfect for enjoying the island’s many beaches. Even in winter you’ll find the weather is warm compared to most parts of Europe. For many people this makes Cyprus the ideal holiday destination all year round.

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How safe is Cyprus?

OVERALL RISK : LOW. Cyprus is generally very safe to travel to, even though it is geographically close to countries hit by terrorism and wars. Petty crime does occur, especially during the holidays and summer.

Sunny Cyprus