Gross domestic product (GDP) in Cyprus
Cyprus: Gross domestic product (GDP) was 32.87 billion Domestic currency in 2027. ◆ Volatile
Gross domestic product (GDP) in Cyprus, 1963–2027
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
Cyprus recorded 32.87 billion Domestic currency for gross domestic product (gdp) in 2027. That is the highest value across all 65 years on record.
That represents a change of up 5.7% on the previous year and up 62.4% over ten years.
Over the whole period, gross domestic product (gdp) in Cyprus peaked at 32.87 billion Domestic currency in 2027 and was at its lowest, 218.15 million Domestic currency, in 1964.
Cyprus ranks 79th of 86 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Cyprus, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 1963 | 238.55 million Domestic currency | — |
| 1964 | 218.15 million Domestic currency | -8.6% |
| 1965 | 270.80 million Domestic currency | +24.1% |
| 1966 | 288.94 million Domestic currency | +6.7% |
| 1967 | 330.65 million Domestic currency | +14.4% |
| 1968 | 361.81 million Domestic currency | +9.4% |
| 1969 | 406.05 million Domestic currency | +12.2% |
| 1970 | 428.80 million Domestic currency | +5.6% |
| 1971 | 503.37 million Domestic currency | +17.4% |
| 1972 | 563.53 million Domestic currency | +12.0% |
| 1973 | 629.70 million Domestic currency | +11.7% |
| 1974 | 608.99 million Domestic currency | -3.3% |
| 1975 | 514.85 million Domestic currency | -15.5% |
| 1976 | 624.78 million Domestic currency | +21.4% |
| 1977 | 776.28 million Domestic currency | +24.2% |
| 1978 | 929.30 million Domestic currency | +19.7% |
| 1979 | 1.16 billion Domestic currency | +24.3% |
| 1980 | 1.40 billion Domestic currency | +20.7% |
| 1981 | 1.61 billion Domestic currency | +15.2% |
| 1982 | 1.88 billion Domestic currency | +17.0% |
| 1983 | 2.09 billion Domestic currency | +10.9% |
| 1984 | 2.45 billion Domestic currency | +17.7% |
| 1985 | 2.72 billion Domestic currency | +10.8% |
| 1986 | 2.94 billion Domestic currency | +7.9% |
| 1987 | 3.27 billion Domestic currency | +11.3% |
| 1988 | 3.66 billion Domestic currency | +11.9% |
| 1989 | 4.14 billion Domestic currency | +13.2% |
| 1990 | 4.69 billion Domestic currency | +13.3% |
| 1991 | 4.91 billion Domestic currency | +4.7% |
| 1992 | 5.69 billion Domestic currency | +16.0% |
| 1993 | 6.03 billion Domestic currency | +5.9% |
| 1994 | 6.72 billion Domestic currency | +11.5% |
| 1995 | 7.68 billion Domestic currency | +14.2% |
| 1996 | 7.98 billion Domestic currency | +3.9% |
| 1997 | 8.37 billion Domestic currency | +4.9% |
| 1998 | 9.06 billion Domestic currency | +8.2% |
| 1999 | 9.73 billion Domestic currency | +7.4% |
| 2000 | 10.60 billion Domestic currency | +8.9% |
| 2001 | 11.42 billion Domestic currency | +7.8% |
| 2002 | 11.88 billion Domestic currency | +4.0% |
| 2003 | 12.85 billion Domestic currency | +8.2% |
| 2004 | 13.86 billion Domestic currency | +7.9% |
| 2005 | 14.82 billion Domestic currency | +7.0% |
| 2006 | 16.00 billion Domestic currency | +7.9% |
| 2007 | 17.51 billion Domestic currency | +9.4% |
| 2008 | 19.01 billion Domestic currency | +8.6% |
| 2009 | 18.68 billion Domestic currency | -1.8% |
| 2010 | 19.41 billion Domestic currency | +3.9% |
| 2011 | 19.80 billion Domestic currency | +2.0% |
| 2012 | 19.44 billion Domestic currency | -1.8% |
| 2013 | 17.99 billion Domestic currency | -7.4% |
| 2014 | 17.43 billion Domestic currency | -3.1% |
| 2015 | 17.88 billion Domestic currency | +2.6% |
| 2016 | 18.93 billion Domestic currency | +5.8% |
| 2017 | 20.25 billion Domestic currency | +7.0% |
| 2018 | 21.61 billion Domestic currency | +6.8% |
| 2019 | 23.01 billion Domestic currency | +6.5% |
| 2020 | 21.62 billion Domestic currency | -6.0% |
| 2021 | 23.44 billion Domestic currency | +8.4% |
| 2022 | 25.27 billion Domestic currency | +7.8% |
| 2023 | 26.92 billion Domestic currency | +6.5% |
| 2024 | 28.04 billion Domestic currency | +4.2% |
| 2025 | 29.51 billion Domestic currency | +5.2% |
| 2026 | 31.10 billion Domestic currency | +5.4% |
| 2027 | 32.87 billion Domestic currency | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 302.14 million Domestic currency | 218.15 million Domestic currency | 406.05 million Domestic currency | 7 |
| 1970s | 673.51 million Domestic currency | 428.80 million Domestic currency | 1.16 billion Domestic currency | 10 |
| 1980s | 2.61 billion Domestic currency | 1.40 billion Domestic currency | 4.14 billion Domestic currency | 10 |
| 1990s | 7.09 billion Domestic currency | 4.69 billion Domestic currency | 9.73 billion Domestic currency | 10 |
| 2000s | 14.66 billion Domestic currency | 10.60 billion Domestic currency | 19.01 billion Domestic currency | 10 |
| 2010s | 19.58 billion Domestic currency | 17.43 billion Domestic currency | 23.01 billion Domestic currency | 10 |
| 2020s | 27.35 billion Domestic currency | 21.62 billion Domestic currency | 32.87 billion Domestic currency | 8 |
Countries ranked near Cyprus
- 76 Estonia 51.47 billion Domestic currency compare
- 77 Seychelles 40.73 billion Domestic currency compare
- 78 El Salvador 37.90 billion Domestic currency compare
- 80 Malta 21.27 billion Domestic currency compare
- 81 Solomon Islands 17.82 billion Domestic currency compare
- 82 Barbados 15.27 billion Domestic currency compare
More public sector data for Cyprus
- Arms imports 115.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 84.67 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0031 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -63.33 % change on previous year (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 115.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 440.4 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0159 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 7.03 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 598.19 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,190 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is gross domestic product (gdp) in Cyprus?
- Gross domestic product (gdp) in Cyprus was 32.87 billion Domestic currency in 2027, according to International Monetary Fund.
- What is the highest gross domestic product (gdp) recorded in Cyprus?
- The highest recorded value was 32.87 billion Domestic currency in 2027.
- What is the lowest gross domestic product (gdp) recorded in Cyprus?
- The lowest recorded value was 218.15 million Domestic currency in 1964.
- How does Cyprus rank for gross domestic product (gdp)?
- Cyprus ranks 79th out of 86 countries with data for 2027.
- Is gross domestic product (gdp) rising or falling in Cyprus?
- Over the last ten years it is up 62.4%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP) (Total economy, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Public Sector Balance Sheet (PSBS) Database shows comprehensive estimates of public sector assets and liabilities that formed the basis for the analysis presented in the October 2018 edition of the Fiscal Monitor. The database covers a broad sample of 55 countries, of which 25 countries contain time-series estimated PSBS and the rest for one single-year data compiled as part of Financial Transparency Evaluations and IMF Technical Assistance missions. The PSBS database is compiled on a best-effort basis, using the conceptual framework of the IMF's Government Finance Statistics Manual 2014. Data for the central and general government generally replicate data reported by country authorities in the IMF's Government Finance Statistics database. Data for the central bank generally replicate data reported by country authorities in the IMF's Monetary and Financial Statistics database. Where these data fail to cover all categories of assets and liabilities, they are complemented by other data reported by statistical authorities at the national level. other international organizations, or staff estimates. Data sources for public corporations are country specific and are captured in the country specific metadata documents.