2024-2025
24.1%
of adults in Cyprus expect to start a business within the next three years, the highest level recorded in the last three years.
59.9%
of adults in Cyprus believe they have the knowledge, skills, and experience to start a business.
68.3%
of adults in Cyprus personally know an entrepreneur, highlighting the strength of local entrepreneurial networks.
8.4%
of adults in Cyprus are owner-managers of established businesses, above the European average.
2023-2024
39.8%
of adults in Cyprus said they saw good opportunities to start a business in their area in 2023/24.
60.5%
of adults in Cyprus believed they had the skills, knowledge, and experience to start a business.
53.3%
of adults in Cyprus said fear of failure would stop them from starting a business.
11%
of adults in Cyprus were involved in early-stage entrepreneurial activity, meaning they were either starting a business or running a new one.
2022-2023
82.4%
of adults in Cyprus personally knew an entrepreneur, showing a strong and growing entrepreneurial network.
52.7%
of adults in Cyprus believed they had the knowledge, skills, and experience to start a business.
8.3%
of adults in Cyprus were involved in early-stage entrepreneurial activity
3.9%
of adults in Cyprus were new business owners, slightly above the European average.
2021-2022
50.2%
of adults in Cyprus saw good opportunities to start a business, a major increase from 21.1% the previous year.
64.1%
of adults in Cyprus believed they had the knowledge, skills, and experience to start a business.
72.9%
of adults in Cyprus personally knew an entrepreneur, showing strong exposure to entrepreneurial activity.
8.6%
of adults in Cyprus were owner-managers of established businesses, above the European average of 6.6%.
2020-2021
68.1%
of adults in Cyprus personally knew an entrepreneur, well above the European average of 50.7%.
58.1%
of adults in Cyprus believed they had the knowledge, skills, and experience to start a business.
29.2%
of adults in Cyprus knew someone who started a business because of the pandemic, higher than the European average of 12.8%
8.6%
of adults in Cyprus were involved in early-stage entrepreneurial activity, slightly above the European average of 8.1%.
2019-2020
73%
of adults in Cyprus considered entrepreneurship a good career choice, showing a clear improvement from previous years.
58.2%
of adults in Cyprus believed they had the knowledge, skills, and experience to start a business.
12.2%
of adults in Cyprus were involved in early-stage entrepreneurial activity, above the European average of 9.2%.
10.1%
of adults in Cyprus were owner-managers of established businesses, above the European average of 7.8%.
2018-2019
69.9%
of adults in Cyprus considered entrepreneurship a good career choice, above the European average of 60.6%.
67.6%
of adults in Cyprus believed successful entrepreneurs enjoy high status.
41.4%
of adults in Cyprus believed it was easy to start a business, above the European average of 38.2%.
56.4%
of entrepreneurs in Cyprus expected to create at least one new job, with 22.4% expecting to create more than six jobs.
2017-2018
66.2%
of adults in Cyprus considered entrepreneurship a good career choice, above the European average of 58.5%.
51%
of adults in Cyprus saw good opportunities to start a business, up from 35.9% the previous year.
16.7%
of adults in Cyprus intended to start a business within the next three years, above the European average of 10.8%.
8.9%
of adults in Cyprus were owner-managers of established businesses, above the European average of 7%.
2016-2017
72.7%
of adults in Cyprus considered entrepreneurship a good career choice, well above the European average of 57.2%.
52.4%
of adults in Cyprus believed they had the skills and knowledge to start a business.
12%
of adults in Cyprus were involved in early-stage entrepreneurial activity, placing Cyprus 3rd in Europe.
67%
of early-stage entrepreneurs in Cyprus had university or vocational-training education, above the European average of 49%.