Sustainable Bond Framework
A diversifying services-based economy
Whilst financial-business services, tourism and shipping services have been traditionally the main sectors of
Cyprus, the economic activity has recently diversified in IT& Telecoms and pharmaceuticals manufacturing
Structure of Economy in 2022 (Current prices, % of GVA)
Secondary sector
15%
Primary sector
2%
Source: Cyprus Statistical Service
Tertiary
Sector; 83%
Real estate
9%
Professional, scientific and
technical activities
9%
Finance and insurance
10%
Information and
communication
9%
Various
6%
Accommodation and food
service activities
4%
Wholesale and retail trade
11%
Education
6%
Human health and social
work
Public administration
and defence ;
compulsory social
Transportation and storage
6%
security
9%
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