Cyprus: Economic globalization

* indicates monthly or quarterly data series
 Cyprus

Economic globalization index (0-100)

 Latest value 84.00
 Year 2021
 Measure points
 Data availability 1970 - 2021
 Average 61.31
 Min - Max 44.35 - 85.77
 Source The Swiss Institute of Technology in Zurich
The latest value from 2021 is 84 points, unchanged from 84 points in 2020. In comparison, the world average is 58.31 points, based on data from 184 countries. Historically, the average for Cyprus from 1970 to 2021 is 61.31 points. The minimum value, 44.35 points, was reached in 1987 while the maximum of 85.77 points was recorded in 2018. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Cyprus - Economic globalization - Recent values chart

Historical series
Cyprus - Economic globalization - historical chart - 1970-2021




The KOF Economic Globalization Index for Cyprus and other countries has two dimensions. First, it measures the economic flows between Cyprus and the rest of the world in terms of international trade and international investment. The question is whether Cyprus exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100.
Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls. More information and the original data can be obtained here.

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 Related indicators Latest Reference Measure
 Overall globalization 79.00 2021 points
 Economic globalization 84.00 2021 points
 Political globalization 68.00 2021 points
 Social globalization 86.00 2021 points
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