Annual GDP growth in Cyprus
Cyprus: Annual GDP growth was 3.9% in 2024. β Volatile
Latest (2024)
3.9%
Change on year
up 8.9%
World rank
71st
of 197 countries
All-time high
11.4%
in 2021
All-time low
-6.6%
in 2013
Years of data
25
2000β2024
Annual GDP growth in Cyprus, 2000β2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
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 71st out of 197 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.
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)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1.59 (2007)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.6286 (2007)
- Domestic currency per US dollar (End-of-period (EoP)) 0.3978 (2007)
- US dollar per domestic currency (End-of-period (EoP)) 2.51 (2007)
- Gdp worldbank constant usd, annual growth rate 3.77 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.8024 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 24,132 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 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 71st out of 197 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.
Download this data
CSV Β· JSON β 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).