The monthly minimum wage in Cyprus is not regulated by the government. Cyprus has a public debt equal to 67.1% of the country's gross domestic product (GDP) as measured in 2013. Based on consumer prices, the inflation rate in Cyprus is -2.53%. The currency of Cyprus is the euro. There are several plural forms of the name "euro". These are euros, euros. The symbol used for this currency is € and is abbreviated as EUR. The euro is divided into cents; There are 100 in one euro. Every year, consumers spend around 16,183 million US dollars. The ratio of consumer spending to GDP in Cyprus is 0.07%, and the ratio of consumer spending to world consumer market is 4.67%. Corporate tax in Cyprus is 20%. Personal income tax ranges from 0% to 35% depending on your specific situation and income level. VAT in Cyprus is 19%.

Gross domestic product
The total Gross Domestic Product (GDP) calculated as Purchasing Power Parity (PPP) in Cyprus is US$27,516 billion. The gross domestic product (GDP), calculated as purchasing power parity (PPP) per capita, was last at 23,140,482 US dollars in Cyprus. PPP in Cyprus is considered very good compared to other countries. A very good PPP indicates that citizens of this country find it easy to buy local goods. Local goods can include food, shelter, clothing, health care, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Cyprus is 24,057 billion. Based on this statistic, Cyprus is considered to be medium-economy. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Cyprus was last at 20,231,523 US dollars. The average Cyprus citizen has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Cyprus in 2014 was -3.2% on average. According to this percentage, Cyprus is currently experiencing a significant decline. Countries that experience significant declines could see dramatic declines in personal consumption, employment rates, and personal income. A significant drop in GDP should alert investors that this location is high risk and should not be considered a safe place to invest.

https://www.confiduss.com/en/jurisdictions/cyprus/economy/finance/