Annual GDP growth in Cyprus
Cyprus: Annual GDP growth was 3.9% in 2024. ◆ Volatile
Annual GDP growth in Cyprus, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Cyprus stood at 3.9%.
The figure is up 8.9% on the previous year and up 321.9% over ten years.
Over the whole period, annual gdp growth in Cyprus peaked at 11.4% in 2021 and was at its lowest, -6.6%, in 2013.
That places Cyprus 85th out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 6.0% | — |
| 2001 | 4.0% | -33.7% |
| 2002 | 3.7% | -5.8% |
| 2003 | 2.6% | -29.5% |
| 2004 | 5.0% | +91.6% |
| 2005 | 4.9% | -3.4% |
| 2006 | 4.7% | -2.9% |
| 2007 | 5.1% | +8.2% |
| 2008 | 3.6% | -28.5% |
| 2009 | -2.0% | -155.3% |
| 2010 | 2.3% | -213.3% |
| 2011 | 0.4% | -81.7% |
| 2012 | -3.4% | -927.3% |
| 2013 | -6.6% | +91.1% |
| 2014 | -1.8% | -73.0% |
| 2015 | 3.4% | -292.5% |
| 2016 | 6.6% | +92.3% |
| 2017 | 5.8% | -12.5% |
| 2018 | 6.3% | +9.1% |
| 2019 | 5.9% | -6.3% |
| 2020 | -3.2% | -154.8% |
| 2021 | 11.4% | -453.9% |
| 2022 | 8.3% | -27.4% |
| 2023 | 3.6% | -56.3% |
| 2024 | 3.9% | +8.9% |
Cyprus compared with similar countries
- Cyprus's 3.9% is above the median for high income countries, which is 2.1%, 1.9× the median. (80 countries reporting)
- Cyprus's 3.9% is above the median for Europe & Central Asia, which is 2.6%, 1.5× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | -927.3% | 0.4% | -3.4% |
| 2021 | +453.9% | -3.2% | 11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | -2.0% | 6.0% | 10 |
| 2010s | 1.9% | -6.6% | 6.6% | 10 |
| 2020s | 4.8% | -3.2% | 11.4% | 5 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.45 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.38 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 428.26 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3528 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0104 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 312.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0073 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Cyprus?
- Annual gdp growth in Cyprus was 3.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Cyprus?
- The highest recorded value was 11.4% in 2021.
- What is the lowest annual gdp growth recorded in Cyprus?
- The lowest recorded value was -6.6% in 2013.
- How does Cyprus rank for annual gdp growth?
- Cyprus ranks 85th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Cyprus?
- Over the last ten years it is up 321.9%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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