The University of Cyprus contributes €1.186 billion to the country’s total economic output, according to new research by the Economics Research Centre.
Τhe study revealed that for every €1 million invested in the university, the country’s economic output increases by €7.06 million, GDP grows by €3.42 million, and approximately 80 jobs are supported.
Based on updated 2024 data, the university’s total contribution includes €574 million to GDP and support for 12,381 jobs.
The research also quantifies the university’s role in reversing brain drain, with measurable results showing an additional contribution of €118 million to economic output, €51 million to GDP, and support for 985 high-value jobs that strengthen the country’s scientific workforce.
Established in 1989 as Cyprus’s first public university, the institution welcomed its first students in 1992 and has since provided higher education to 33,136 graduates through 135 study programmes.
The university currently has approximately 7,000 students and employs 1,500 staff, including academics, researchers and administrative personnel.
The findings were presented by University of Cyprus Council Chairman Tasos Anastasiou as part of two complementary studies examining the institution’s economic and social impact.
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