Cyprus vs Turkey
A data-driven side-by-side: investment score, economy, business climate, political stability, and tax, to help you decide where to invest, incorporate, or relocate.
Overall: Cyprus ranks higher
Cyprus scores 68/100 on our composite investment index, ahead of Turkey at 42/100. This blends economic strength, political stability, business climate, financial maturity, and growth outlook. Read the breakdown below to see where each country actually leads.
Category breakdown
66
Economic strength
Cyprus leads
42
70
Political stability
Cyprus leads
30
72
Business climate
Cyprus leads
45
65
Financial maturity
Cyprus leads
35
62
Growth outlook
Cyprus leads
58
Macro snapshot
32
GDP (USD bn)
-1097.8 bn
1,130
2.5%
GDP growth (%)
-2.0 pp
4.5%
$35,520
GDP per capita (USD)
+22520.0
$13,000
2.5%
Inflation (%)
-55.5 pp
58.0%
12.5%
FDI (% of GDP)
+11.5 pp
1.0%
79%
Public debt (% of GDP)
+43.5 pp
35%
0.9
Population (M)
-85.1M
86
Cyprus: strong sectors
- Tourism14.5% of GDP72
- Financial Services11.2% of GDP70
- Shipping8.8% of GDP68
- Real Estate9.2% of GDP65
Turkey: strong sectors
- Tourism5.0% of GDP78
- Automotive4.0% of GDP72
- Manufacturing22.0% of GDP68
- Construction6.0% of GDP55
Frequently asked
Which is better for investment: Cyprus or Turkey?
Our composite investment index gives Cyprus a score of 68/100 and Turkey a score of 42/100. Cyprus ranks higher overall, but the right answer depends on your sector and risk tolerance. See the category breakdown above.
Is Cyprus a safer market than Turkey?
Risk classification puts Cyprus as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Turkey as caution (Significant risks present - experienced investors with hedging strategies).
Which has higher GDP growth: Cyprus or Turkey?
Cyprus is currently growing at 2.5% per year, vs 4.5% for Turkey. Turkey has the faster headline growth rate today.