Annual value added and its components by economic activity in Cyprus
Cyprus: Annual value added and its components by economic activity was 117.42 Index in 2023. ▲ Rising
Annual value added and its components by economic activity in Cyprus, 1995–2023
Source: Organisation for Economic Co-operation and Development. Measured in Index.
Analysis
The most recent figure for annual value added and its components by economic activity in Cyprus is 117.42 Index, measured in 2023. That is the highest value across all 29 years on record.
That represents a change of up 2.5% on the previous year and up 20.8% over ten years.
Over the whole period, annual value added and its components by economic activity in Cyprus peaked at 117.42 Index in 2023 and was at its lowest, 71.01 Index, in 1995.
That places Cyprus 15th out of 21 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Annual value added and its components by economic activity in Cyprus, year by year
| Year | Index | Change |
|---|---|---|
| 1995 | 71.01 Index | — |
| 1996 | 72.52 Index | +2.1% |
| 1997 | 73.65 Index | +1.6% |
| 1998 | 74.38 Index | +1.0% |
| 1999 | 74.45 Index | +0.1% |
| 2000 | 76.28 Index | +2.5% |
| 2001 | 77.24 Index | +1.3% |
| 2002 | 78.52 Index | +1.7% |
| 2003 | 80.2 Index | +2.1% |
| 2004 | 84.91 Index | +5.9% |
| 2005 | 87.33 Index | +2.9% |
| 2006 | 90.14 Index | +3.2% |
| 2007 | 92.17 Index | +2.3% |
| 2008 | 97.03 Index | +5.3% |
| 2009 | 94.5 Index | -2.6% |
| 2010 | 97.82 Index | +3.5% |
| 2011 | 98.74 Index | +0.9% |
| 2012 | 98.9 Index | +0.2% |
| 2013 | 97.2 Index | -1.7% |
| 2014 | 94.65 Index | -2.6% |
| 2015 | 93.86 Index | -0.8% |
| 2016 | 93.86 Index | +0.0% |
| 2017 | 95.34 Index | +1.6% |
| 2018 | 97.51 Index | +2.3% |
| 2019 | 98.43 Index | +0.9% |
| 2020 | 100 Index | +1.6% |
| 2021 | 104.75 Index | +4.8% |
| 2022 | 114.6 Index | +9.4% |
| 2023 | 117.42 Index | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 73.2 Index | 71.01 Index | 74.45 Index | 5 |
| 2000s | 85.83 Index | 76.28 Index | 97.03 Index | 10 |
| 2010s | 96.63 Index | 93.86 Index | 98.9 Index | 10 |
| 2020s | 109.19 Index | 100 Index | 117.42 Index | 4 |
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)
- Manufacturing, value added (current US$), per unit of GDP 0.0439 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 1,321 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0389 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 1,169 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0352 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,060 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 961.96 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 9.66 % change on previous year (2025)
Frequently asked questions
- What is annual value added and its components by economic activity in Cyprus?
- Annual value added and its components by economic activity in Cyprus was 117.42 Index in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest annual value added and its components by economic activity recorded in Cyprus?
- The highest recorded value was 117.42 Index in 2023.
- What is the lowest annual value added and its components by economic activity recorded in Cyprus?
- The lowest recorded value was 71.01 Index in 1995.
- How does Cyprus rank for annual value added and its components by economic activity?
- Cyprus ranks 15th out of 21 countries with data for 2023.
- Is annual value added and its components by economic activity rising or falling in Cyprus?
- Over the last ten years it is up 20.8%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual value added and its components by economic activity — Consumption of fixed capital. Statizoid updates them automatically from the source API.
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About this data
This table presents gross value added by economic activity based on detailed breakdowns of Revision 4 of the International Standard Industrial Classification of All Economic Activities (ISIC). The table also presents detailed ISIC data for output, intermediate consumption and consumption of fixed capital (depreciation), as well as for components of gross value added (GVA) such as wages and salaries and net operating surplus (business profits) and mixed income (profits of the self-employed). These can be selected using the ‘Transaction filter’. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data is presented in current prices (default view), but for some items it is possible to select chain linked volume and other price measures using the ‘Price base’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE6A dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage OECD statistics contact: STAT.Contact@oecd.org