Annual growth of the gross capital formation in Cyprus
Cyprus: Annual growth of the gross capital formation was 0.6% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Cyprus, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of the gross capital formation in Cyprus is 0.6%, measured in 2024.
Compared with earlier readings it is down 94.4% on the previous year and down 77.9% over ten years.
Over the whole period, annual growth of the gross capital formation in Cyprus peaked at 36.3% in 2016 and was at its lowest, -26.6%, in 2013.
That places Cyprus 105th out of 167 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 growth of the gross capital formation in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 8.5% | — |
| 2001 | -8.2% | -196.7% |
| 2002 | 15.6% | -289.5% |
| 2003 | 0.7% | -95.6% |
| 2004 | 16.6% | +2347.1% |
| 2005 | 3.8% | -77.0% |
| 2006 | 13.4% | +249.9% |
| 2007 | 4.3% | -67.8% |
| 2008 | 21.5% | +397.7% |
| 2009 | -21.1% | -198.2% |
| 2010 | 8.4% | -139.6% |
| 2011 | -18.5% | -321.1% |
| 2012 | -15.9% | -14.2% |
| 2013 | -26.6% | +67.2% |
| 2014 | 2.9% | -110.7% |
| 2015 | 2.9% | +2.8% |
| 2016 | 36.3% | +1138.9% |
| 2017 | 25.7% | -29.1% |
| 2018 | -1.5% | -105.9% |
| 2019 | 9.5% | -722.4% |
| 2020 | 0.5% | -94.5% |
| 2021 | 5.0% | +871.2% |
| 2022 | 11.3% | +124.4% |
| 2023 | 11.3% | -0.4% |
| 2024 | 0.6% | -94.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | -21.1% | 21.5% | 10 |
| 2010s | 2.3% | -26.6% | 36.3% | 10 |
| 2020s | 5.8% | 0.5% | 11.3% | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 2.53 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.807 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 24,271 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 70.19 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 63.02 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 1.32 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0099 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 296.88 current LCU per person (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Cyprus?
- Annual growth of the gross capital formation in Cyprus was 0.6% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Cyprus?
- The highest recorded value was 36.3% in 2016.
- What is the lowest annual growth of the gross capital formation recorded in Cyprus?
- The lowest recorded value was -26.6% in 2013.
- How does Cyprus rank for annual growth of the gross capital formation?
- Cyprus ranks 105th out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Cyprus?
- Over the last ten years it is down 77.9%. 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 growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).