Tap water is perfectly safe to drink in the South, although most locals drink bottled water, as it is very hard. However, the glass of water you automatically receive with your Cypriot coffee will undoubtedly be tap water. It is advisable to 1980, Cyprus had a GDP of $2.15 billion. … Cyprus has undergone a decrease since 2008 in its GDP, worsened by the 2012-13 financial crisis in the country, but has begun increasing since then. Although GDP has certainly increased in recent years, the rate of economic growth in Cyprus has fluctuated.