Cyprus vs Monaco: Economic Indicators Comparison

Cyprus with a GDP of $25B ranked the 109th largest economy in the world, while Monaco ranked 149th with $7.2B. By GDP per capita, Cyprus and Monaco ranked 36th vs 1st, respectively.

Gross Domestic Product & Income

Stat	Cyprus	Monaco
GDP	$25B	$7.2B
GDP growth, 1 year	3.9%	6.1%
GDP growth, 5-years average	2.8%	N/A
Population	1.1M	39k
GDP per capita	$28k	$186k
GDP per capita growth	2.75%	5.3%
Purchasing Power Parity conversion factor	0.63	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.74	N/A
GDP per capita, PPP adjusted	$40k	$98k
GNI, Atlas method	$24.9B	N/A
GNI per capita	$26k	N/A
GNI, PPP adjusted	$34.7B	N/A
GNI per capita, PPP adjusted	$35k	N/A

Financial system and Human development

Stat	Cyprus	Monaco
Income Tax Rate	35%	N/A
Corporate Tax Rate	12.5%	N/A
Inflation, consumer prices	0.8%	N/A
Inflation, GDP deflator	1.4%	0.8%
Unemployment	8.1%	6.3%
Economic Freedom Index	70.1	83
Personal Freedom Index	8.96	8.7
Human Freedom Index	8.39	8.7
Property Rights Index	77.4	N/A
Judical Effectiveness Index	50.5	N/A
Business Freedom Index	76.6	N/A
Fiscal Health Index	80	N/A
Labor Freedom Index	59.7	N/A
Investment Freedom Index	75	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	84.3	N/A
Government Spending Index	58.6	N/A
Tax Burden Index	74.8	N/A
Government Integrity Index	57.6	N/A
Corruption Perceptions Index	59	82
Life expectancy at birth, years	80.7	89.7
Suicide mortality rate, per 100,000 people	5.3	0.2
Mortality caused by road traffic injury, per 100,000 people	5.1	0
Intentional homicides, per 100,000 people	0.6	0
International tourism, number of arrivals	3.9M	347k

Government debt & reserves

Stat	Cyprus	Monaco
Central government debt, % of GDP	102.5%	N/A
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	3.2%	N/A
Gross savings, % of GDP	21.8%	N/A
Gross capital formation, % of GDP	19.1%	N/A
Total reserves including gold	$924.2M	N/A
Foreign direct investment net inflows	$5.2B	N/A

Exports, imports and economic structure

Stat	Cyprus	Monaco
Exports of goods and services, % of GDP	73.1%	N/A
Imports of goods and services, % of GDP	72.3%	N/A
Current account balance (balance of payments)	-$1.1B	N/A
Revenue excluding grants, % of GDP	37.4%	N/A
Grants excluding technical cooperation, BoP	$34.2M	N/A
Personal remittances received	$497.8M	N/A
Industry including construction value added, % of GDP	12.2%	13.1%
Agriculture, forestry and fishing value added, % of GDP	2%	N/A
Charges for the use of intellectual property, payments BoP	$127.2M	N/A
Charges for the use of intellectual property, receipts BoP	$174k	N/A
Expense, % of GDP	35.4%	N/A
Government Expenditure, % of GDP	37.1%	N/A