Annual GDP growth in Cyprus
Cyprus: Annual GDP growth was 2.6% in 2023. ◆ Volatile
Latest (2023)
2.6%
Change on year
down 64.6%
World rank
115th
of 211 countries
All-time high
11.4%
in 2021
All-time low
-6.6%
in 2013
Years of data
24
2000–2023
Annual GDP growth in Cyprus, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, annual gdp growth in Cyprus stood at 2.6%.
Compared with earlier readings it is down 64.6% on the previous year and up 139.6% 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.
Cyprus ranks 115th of 211 countries on this measure, 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 | 4.5% | -3.2% | 11.4% | 4 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- External balance on goods and services as a percent of GDP 5.7% (2025)
- Inflation of consumer prices 0.1% (2025)
- GDP per capita 33,527 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.4% (2025)
- Gross domestic product (GDP) 33.08 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 33,527 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -338.90 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) -382.95 million current US$ (2025)
- Taxes less subsidies on products 3.97 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Cyprus?
- Annual gdp growth in Cyprus was 2.6% in 2023, according to World Bank – processed by Our World in Data.
- 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 115th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Cyprus?
- Over the last ten years it is up 139.6%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)