The Republic of Cyprus in the eastern Mediterranean Sea is a globally evolving country in the south of Turkey. It is the third largest island in the Mediterranean Sea accompanied by Sicily and Sardinia with a strategic location serving more than half of the trade rates of the nation. As per the Cyprus Trade analysis, the country right now is in a position where the majority of the revenue generation is based on the service sector industries including real estate and finance services accompanied by the trade rates. The agricultural sector of the nation accounts for more than 30% share in the trade rates and boosts the GDP to a huge extent.
The indicator of the economic health of the nation i.e. the Gross Domestic Product showcases the combined growth rate of the economy with a substantial contribution of all the accounting factors. According to the Cyprus Customs Data, the country has recorded an export trade value of 12 billion US dollars in 2023 with a representative GDP of 30 billion US dollars.