Reviewed by: Editorial Staff
Cyprus has a market economy with a dominating service sector that accounts for more than 75% of the GDP. Tourism and financial services are other important sectors of the economy. Cypriot industries include food and beverage processing, ship repair, textiles, light chemicals and metal products.
The average daily cost for a tourist in Cyprus can range anywhere between 50 CYP and 90 CYP per day. It is advisable to rent a car as the public transportation in Cyprus is quite poor.