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    Cyprus

    Extended
    Europe · #10 of 117 markets · IEPA 2024 (final) · 2026 current estimate available
    66.4▲ +0.3 YoY
    ●●○0.80IEPA COMPOSITE

    Cyprus scores 66.4 out of 100 on the IEPA (2024 edition), ranking #10 of 117 economies. That is up 0.3 points on the year before. Its strongest zone is Prosperity Outcomes at 77.3. Its binding constraint, the lowest-scoring of its six zones, is FDI Accelerator at 47.6. How the IEPA works →

    SIX FACTORS · CLICK ANY SCORE FOR ITS EVIDENCE
    IEPA TRAJECTORY · 2010–2026
    2010201220142016201820202022202420264856647280
    CAPITAL FLOWS · FDI NET INFLOWS % OF GDP
    2010201120122013201420152016201720182019202120232025-500-2500250500
    IE FDI intelligence · synced weekly
    PRODUCTIVE CAPABILITY
    IE COMPLEXITY LAYER · VINTAGE 2024
    #51of 145 ranked economies▼ 10 places since 2010
    How much productive know-how this market has demonstrated, read from the range and rarity of what it makes competitively.
    20102011201220132014201520162017201820192020202120222023202440455059
    CAPABILITY RANK · HIGHER IS BETTER
    2.70% / yr
    Implied growth
    Annual growth the current capability base points to.
    120
    Diversity
    Distinct products made at competitive scale.
    +0.48
    Capability score
    Standardized: 0 is the world average.
    -0.26
    Outlook
    Value of the new products within reach of what it already does.
    READ ALONGSIDE THE INDEX
    This market sits in the top 24% on the IEPA composite but the top 41% on productive capability. The wider system is converting more than the productive base alone would predict, which puts the question on how durable that is. Both figures rank the same 115 markets that carry each measure.
    INDUSTRY STRENGTHS · REVEALED FROM TRADE EVIDENCE
    VINTAGE 2022-2024
    POSITION IN THE PRODUCT SPACE
    IE COMPLEXITY LAYER · VINTAGE 2024
    Minerals9 of 48 made · 26% of the rest within reach
    Agriculture25 of 200 made · 43% of the rest within reach
    Construction, Building, and Home Supplies13 of 104 made · 34% of the rest within reach
    Electronic and Electrical Goods8 of 73 made · 40% of the rest within reach
    Industrial Chemicals and Metals14 of 157 made · 27% of the rest within reach
    Metalworking and Electrical Machinery and Parts10 of 155 made · 21% of the rest within reach
    Textile and Home Goods3 of 78 made · 24% of the rest within reach
    Textile Apparel and Accessories1 of 50 made · 12% of the rest within reach
    MADE COMPETITIVELYONE STEP AWAY
    Textile Apparel and Accessories is the furthest: 2% made, and only 12% of the rest is within one step. A move there means building capability rather than extending it.
    READ ON THE 83 OF 120 COMPETITIVE PRODUCTS THAT CARRY A POSITION IN THE CAPABILITY MAP
    POSITIONED TO BUILD NEXT
    IE COMPLEXITY LAYER · VINTAGE 2024
    Hair products$17B world market
    Chemicals & PlasticsOPENS 0.13 · COMPLEXITY +0.16
    Other prepared or preserved meat$20B world market
    Agrifood & FisheriesOPENS 0.10 · COMPLEXITY -0.01
    Paper labels$5B world market
    Wood, Paper & FurnitureOPENS 0.06 · COMPLEXITY -0.26
    Malt extract$24B world market
    Agrifood & FisheriesOPENS 0.06 · COMPLEXITY -0.34
    Ice cream$6B world market
    Agrifood & FisheriesOPENS 0.06 · COMPLEXITY +0.13
    THE NEAREST OPTIONS AMONG 432 PRODUCTS ASSESSED · RANKED BY HOW MUCH EACH OPENS UP NEXT
    LIVE SIGNALS
    No recent scored signals for this market.
    PEERS · EXTENDED
    🇳🇴Norway71.1→🇳🇱Netherlands70.5→🇧🇪Belgium69.4→🇨🇭Switzerland73.3→
    ECOSYSTEM DENSITY
    IE Ecosystem Registry · 2026-07-17
    126organizations indexed across 7 types · 125 mapped
    Universities & research bodies
    47
    Corporate R&D
    35
    Research organizations
    17
    Government bodies
    16
    Health research
    7
    Fab labs & makerspaces
    3
    Incubators
    1
    Universities, corporate R&D, government bodies, incubators, accelerators, science parks, and special economic zones, indexed today.Explore the directory →
    ORGANIZATIONS
    a sample of 126 indexed
    Cyprus Institute of Marketing
    Universities & research bodies · Nicosia · 1978
    Kıbrıs İlim Üniversitesi
    Universities & research bodies · Kyrenia · 2013
    Geoimaging (Cyprus)
    Corporate R&D · Nicosia · 2002
    Cyprus Research and Innovation Center (Cyprus)
    Corporate R&D · Nicosia · 2012
    Maritime Institute of Eastern Mediterranean
    Research organizations · Limassol
    HFC Hope for Children CRC Policy Center
    Research organizations · Nicosia · 2008
    Nicosia General Hospital
    Health research · Nicosia · 2006
    American Heart Institute
    Health research · Nicosia · 1999
    Cyprus Police
    Government bodies · Nicosia · 1960
    FABLAB CYPRUS
    Fab labs & makerspaces · Girne (Kyrenia)
    Department of Fisheries and Marine Research
    Government bodies · Nicosia · 1964
    Members get the full directory, filters, and exports.See all 126 organizations →

    Cyprus: common questions

    What is Cyprus's IEPA score?
    Cyprus scores 66.4 out of 100 on the IEPA, 2024 edition, which ranks it #10 of 117 economies.
    What is Cyprus's strongest zone?
    Prosperity Outcomes, at 77.3. The six zones are scored separately, so a market's strengths stay visible instead of being averaged away.
    What is holding Cyprus back?
    Its binding constraint is FDI Accelerator, at 47.6, the lowest of its six zones. The IEPA reports every zone separately so the constraint stays visible instead of being averaged into the composite.
    How does Cyprus compare with its peers?
    The closest scored peers are Norway (71.1), Netherlands (70.5), Belgium (69.4), Switzerland (73.3).
    What is the IEPA?
    The Innovation Ecosystem Prosperity Assessment (IEPA) scores economies across six zones: innovation capacity, entrepreneurship capacity, resilience, alignment, the FDI accelerator, and prosperity outcomes. Every score carries a confidence band and traces to the evidence behind it.
    Run the full diagnostic →Talk to IE about Cyprus →