Average economic size of farms by standard output, farm type and age in Cyprus
Cyprus: Average economic size of farms by standard output, farm type and age was 862.16 million Euro in 2023. ▲ Rising
Latest (2023)
862.16 million Euro
Change on year
down 0.9%
World rank
38th
of 40 countries
All-time high
870.31 million Euro
in 2020
All-time low
472.14 million Euro
in 2010
Years of data
7
2005–2023
Average economic size of farms by standard output, farm type and age in Cyprus, 2005–2023
Source: Eurostat. Measured in Euro.
Analysis
In 2023, average economic size of farms by standard output, farm type and age in Cyprus stood at 862.16 million Euro.
Compared with earlier readings it is down 0.9% on the previous year and up 74.0% over ten years.
Over the whole period, average economic size of farms by standard output, farm type and age in Cyprus peaked at 870.31 million Euro in 2020 and was at its lowest, 472.14 million Euro, in 2010.
That places Cyprus 38th out of 40 countries with data for 2023, putting it in the bottom quarter.
Average economic size of farms by standard output, farm type and age in Cyprus, year by year
| Year | Euro | Change |
|---|---|---|
| 2005 | 732.89 million Euro | — |
| 2007 | 603.72 million Euro | -17.6% |
| 2010 | 472.14 million Euro | -21.8% |
| 2013 | 495.41 million Euro | +4.9% |
| 2016 | 616.69 million Euro | +24.5% |
| 2020 | 870.31 million Euro | +41.1% |
| 2023 | 862.16 million Euro | -0.9% |
Cyprus compared with similar countries
- Cyprus's 862.16 million Euro is below the median for Europe & Central Asia, which is 7.96 billion Euro, 11% of the median. (29 countries reporting)
- Cyprus's 862.16 million Euro is below the median for high income countries, which is 7.66 billion Euro, 11% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 668.30 million Euro | 603.72 million Euro | 732.89 million Euro | 2 |
| 2010s | 528.08 million Euro | 472.14 million Euro | 616.69 million Euro | 3 |
| 2020s | 866.24 million Euro | 862.16 million Euro | 870.31 million Euro | 2 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.57 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.038 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,144 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 122.17 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2708 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8,144 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is average economic size of farms by standard output, farm type and age in Cyprus?
- Average economic size of farms by standard output, farm type and age in Cyprus was 862.16 million Euro in 2023, according to Eurostat.
- What is the highest average economic size of farms by standard output, farm type and age recorded in Cyprus?
- The highest recorded value was 870.31 million Euro in 2020.
- What is the lowest average economic size of farms by standard output, farm type and age recorded in Cyprus?
- The lowest recorded value was 472.14 million Euro in 2010.
- How does Cyprus rank for average economic size of farms by standard output, farm type and age?
- Cyprus ranks 38th out of 40 countries with data for 2023.
- Is average economic size of farms by standard output, farm type and age rising or falling in Cyprus?
- Over the last ten years it is up 74.0%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Eurostat, published as part of Average economic size of farms by standard output, farm type and age of farm manager. Statizoid updates them automatically from the source API.
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