Economy of Cyprus http://www.confiduss.com/en/jurisdictions/cyprus/economy/ Cyprus is considered a developed country. A nation's stage of development is determined by a number of factors, including economic prosperity, life expectancy, income equality, and quality of life. As a developed country, Cyprus is able to provide social services such as public education, health care and law enforcement to its citizens. Citizens of developed countries enjoy a high standard of living and a longer life expectancy than citizens of developing countries. Cyprus exports around $ 5.52 billion and imports around $ 9.9 billion each year. 9.8% of the country's population are unemployed. The total number of unemployed in Cyprus is 116,530. In Cyprus, 15% of the population live below the poverty line. The proportion of citizens living below the poverty line in Cyprus is relatively high, but this does not give rise to complete investment concern. Potential financiers should look at other economic indicators, including GDP, rate of urbanization, and currency strength, before making any investment decisions. Government spending on education is 4.1% of GDP. The country's Gini index is 32.4. Cyprus is experiencing good equality. The majority of Cypriot citizens have a narrow income range, although some cases can vary widely. Cyprus has a Human Development Index (HDI) of 0.845. Cyprus has a high HDI score. This suggests that the majority of citizens will be able to lead desirable lives while providing significant help and support to citizens with lower living standards. The Global Peace Index (GPI) for Cyprus is 1.924. Due to the strong presence of law enforcement agencies and the high level of social responsibility, Cyprus is very safe by international standards. The strength of the Legal Rights Index for Cyprus is 7. Overall, it is considered fairly reasonable - bankruptcy and collateral laws can at least decently protect the rights of borrowers and lenders; Credit information is mostly adequate and widely available.