Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Total population1.17 million1.15 million1.14 million
    WDI
    		A.1.1
    Average household size2.72.72.8
    EuroStat
    		A.1.3
    Urban population (% of total)66.92% of total67.02% of total67.13% of total
    WDI
    		A.1.4
    Urban population growth (annual %).86%.88%.9%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    GDP, current prices (U.S. dollars)19,330 USD (millions)23,269 USD (millions)24,065 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)28,058 USD (millions)27,345 USD (millions)27,592 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)22,587.49 USD 27,288.63 USD 27,963.41 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)32,785.46 USD 32,284.91 USD 32,158.75 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)1.59%-2.5%-5.94%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)-.45%-.82%-1.06%
    WEO
    		A.2.6
    GDP, deflator (Index)114.79116.43117.91
    WEO
    		A.2.7
    Consumer price index101.73103.91105.33
    WDI
    		A.2.8
    GINI IndexNot availableNot availableNot available
    WDI
    		A.2.9
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Unemployed 16.1%15.9%
    WDI
    		A.2.14.3
    Interest Rates:A.2.15
    Central bank lending/discount rateNot availableNot availableNot available
    IFS
    		A.2.15.1
    Yield on 3 months treasury billsNot availableNot availableNot available
    IFS
    		A.2.15.2
    Yield on 10-year Government bond4.54%6%6.5%
    IFS
    		A.2.15.3
    Average bank deposit rateNot availableNot availableNot available
    IFS
    		A.2.15.4
    Lending rateNot availableNot availableNot available
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Number of dwelling units:B.1.1
    Total  .44 million
    HypoStat
    		B.1.1.1
    Characteristics of housing stock:B.1.3
    Tenure in urban areas (%):B.1.4
    Owner-occupied units73% of total72.9% of total74% of total
    EuroStat
    		B.1.4.1
    % of owner units with a mortgage20.1% of total19.3% of total19% of total
    EuroStat
    		B.1.4.2
    Private rental units12.7% of total11.5% of total10.9% of total
    EuroStat
    		B.1.4.3
    Estimated Number of units completed/yearB.1.5
    Formal sector/registeredNot availableNot available3,833 units
    HypoStat 2016
    		B.1.5.1
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    Yearly Rate  -5.4%
    Hypostat
    		B.2.3.1
    M2 construction cost for median quality houseB.2.4

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    Notes:
    Notes:
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: A 20% deduction of gross rental income is allowed
    Notes: A mortgage subsidy scheme was approved in June 2015. This program subsidizes the interest of mortgage loans for primary residences. The program is funded by the Land Development Corporation
    Notes: Capital gains are levied at a rate of 20%. Capital gains is defined as gross selling price minus acquisition costs and improvement costs. All taxpayers qualify for a one-time exemption from capital gains. For a home that the owner occupied for at least five years, this exemption amount is 85,430 Euros.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Converted to USD using IMF end-of-year exchange rate.
    Notes: Figure is for national percentage.
    Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
    Notes: LTV ratio not to exceed 80%
    Notes: LTV ratio not to exceed 80%
    Notes: LTV ratio not to exceed 80%
    Notes: LTV ratio not to exceed 80%
    Notes: Mean annual average % change in nominal house prices
    Notes: Mean annual average % change in nominal house prices
    Notes: Mean annual average % change in nominal house prices
    Notes: Mean annual average % change in nominal house prices
    Notes: Mean annual average % change in nominal house prices
    Notes: Mean annual average % change in nominal house prices
    Notes: Owner occupied units as a whole
    Notes: Owner occupied units as a whole
    Notes: Owner occupied units as a whole
    Notes: Owner occupied units as a whole
    Notes: Owner occupied units as a whole
    Notes: Owner occupied units as a whole
    Notes: Owner occupied units as a whole
    Notes: Owner occupied units as a whole
    Notes: Real estate tax is levied at a progressive rate depending on the value of the home. The rate ranges from 0.6-1.9%
    Notes: Rental income tax is levied at a progressive rate that ranges from 0-35%. The amount subject to taxation is 80% of the rental income
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The Cyprus Consumers Organization was established in 1973
    Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
    Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
    Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
    Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
    Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
    Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
    Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
    Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
    Notes: The Hellenic Bank is the second largest bank in the Cyprus
    Notes: The Housing Finance Corporation provides savings accounts for low income families in which 40% of deposits are tax deductible, as well as any interest earned.
    Notes: The Housing Finance Corporation provides savings accounts for low income families in which 40% of deposits are tax deductible, as well as any interest earned.
    Notes: Transfer fees are paid by the acquirer. The rate ranges from 3-8% and depends on the value of the home