Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Cyprus
Cyprus: Business enterprise R&D expenditure in high-tech sectors by NACE … 2 was 100 Million euro in 2024. ◆ Volatile
Latest (2024)
100 Million euro
Change on year
up 11.6%
World rank
49th
of 54 countries
All-time high
100 Million euro
in 2024
All-time low
12.16 Million euro
in 2005
Years of data
20
2005–2024
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Cyprus, 2005–2024
Source: Eurostat. Measured in Million euro.
Analysis
The most recent figure for business enterprise r&d expenditure in high-tech sectors by nace rev. in Cyprus is 100 Million euro, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 11.6% on the previous year and up 399.8% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in Cyprus peaked at 100 Million euro in 2024 and was at its lowest, 12.16 Million euro, in 2005.
Cyprus ranks 49th of 54 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Cyprus, year by year
| Year | Million euro | Change |
|---|---|---|
| 2005 | 12.16 Million euro | — |
| 2006 | 14.18 Million euro | +16.6% |
| 2007 | 16.11 Million euro | +13.6% |
| 2008 | 16.73 Million euro | +3.9% |
| 2009 | 16.43 Million euro | -1.8% |
| 2010 | 14.8 Million euro | -10.0% |
| 2011 | 13.77 Million euro | -7.0% |
| 2012 | 13.96 Million euro | +1.4% |
| 2013 | 17 Million euro | +21.8% |
| 2014 | 20.01 Million euro | +17.7% |
| 2015 | 19.48 Million euro | -2.7% |
| 2016 | 36.58 Million euro | +87.8% |
| 2017 | 40.94 Million euro | +11.9% |
| 2018 | 53.91 Million euro | +31.7% |
| 2019 | 70.66 Million euro | +31.1% |
| 2020 | 81.87 Million euro | +15.9% |
| 2021 | 84.14 Million euro | +2.8% |
| 2022 | 86.48 Million euro | +2.8% |
| 2023 | 89.6 Million euro | +3.6% |
| 2024 | 100 Million euro | +11.6% |
Cyprus compared with similar countries
- Cyprus's 100 Million euro is below the median for Europe & Central Asia, which is 3,162 Million euro, 3% of the median. (35 countries reporting)
- Cyprus's 100 Million euro is below the median for high income countries, which is 6,039 Million euro, 2% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.12 Million euro | 12.16 Million euro | 16.73 Million euro | 5 |
| 2010s | 30.11 Million euro | 13.77 Million euro | 70.66 Million euro | 10 |
| 2020s | 88.42 Million euro | 81.87 Million euro | 100 Million euro | 5 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- Real gdp growth, annual growth rate -4.42 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.38 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 428.26 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3528 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0104 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 312.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is business enterprise r&d expenditure in high-tech sectors by nace rev. in Cyprus?
- Business enterprise r&d expenditure in high-tech sectors by nace rev. in Cyprus was 100 Million euro in 2024, according to Eurostat.
- What is the highest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Cyprus?
- The highest recorded value was 100 Million euro in 2024.
- What is the lowest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Cyprus?
- The lowest recorded value was 12.16 Million euro in 2005.
- How does Cyprus rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
- Cyprus ranks 49th out of 54 countries with data for 2024.
- Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in Cyprus?
- Over the last ten years it is up 399.8%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Eurostat, published as part of Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2. Statizoid updates them automatically from the source API.
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