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Cyprus Binary Options Resources

CyprusNo country is too small for you to consider placing your Binary Options trades on companies based in that country, and if you are looking for some potentially profitable trades to place then it may be worth your while taking a look at what Portuguese companies have to offer you.

If you have never considered placing Binary Options trades on companies based in Portugal then below is a lot of recent and historic information regarding the financial well being of this Western European country!

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National Bank

The Central Bank of Cyprus website is where you will find a wealth of information in regards to the regulation of all banking institutions that are licensed to operate in Cyprus. Recent ratings given for Government Bonds in Cyprus are as follows: Standard & Poor’s: B, Moody’s rating: Caa3 and the Moody’s outlook is listed as being: POS.

Cyprus is a signed up full member of the Euro system and they are part of the European Central Bank. As such they use the Euro currency.

Cyprus International Financial Reserves

Based on the latest set of figures released Cyprus has International Reserves of US$ 0.988 billion.

Real GDP Growth in Cyprus

Based on the last batch of finalised reports in the last 12 years Cyprus had 4 years of negative real GDP growth which was in 2009, 2012, 2013 and 2014, when the real GDP growth for Cyprus was reported as being -1.9%, -2.4%, -5.4% and -3.2% respectively.

The figures for real GDP growth since 2003 to 2014 are as follows: 2003 1.9%, 2004 4.2%, 2005 3.9%, 2006 4.1%, 2007 5.1%, 2008 3.6%, 2009 -1.9%, 2010 1.3%, 2011 0.4%, 2012 -2.4%, 2013 -5.4%, 2014 -3.2%.

Cyprus GDP as a Percentage of Composition by each Market Sector

The following three market sectors and their respective figures are the percentage of composition on each of those market sectors of GDP of Cyprus.

The Agriculture market sector makes up 2.4% of GDP in Cyprus, whilst the Industry market sector makes up 15.9% of the total GDP in Cyprus and the Services market sector is responsible for 81.7% of total GDP in Cyprus.

Inflation and Unemployment in Cyprus

The rate of inflation in Cyprus over the last five years has been reported as being as follows: 2011 3.5%, 2012 3.1%, 2013 0.4% and in 2014 %0 and to date in 2015 the rate of inflation was 0.7%. Unemployment in Cyprus again over the same five year period has been reported as being 2011 7.9%, 2012 11.9%, 2013 15.9%, 2014 16.6%, and in 2015 16.1%.

Where to Place Binary Options Trades on Companies Based in Cyprus

You may never have thought of opting to place any type of Binary Options trade on companies that are based or trade in Cyprus, however if that is something you are willing to do then take a look over one of our featured Brokers, that being TradeRush for they offer a bonus which is worth up to $200 for new traders and profits on trades placed there can be as high as very appealing 81%.