Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Cyprus
Cyprus: Business enterprise R&D expenditure in high-tech sectors by NACE Rev. was 102 Million euro in 2024. ◆ Volatile
Latest (2024)
102 Million euro
Change on year
up 13.8%
World rank
48th
of 52 countries
All-time high
102 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 102 Million euro, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 13.8% on the previous year and up 409.8% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in Cyprus peaked at 102 Million euro in 2024 and was at its lowest, 12.16 Million euro, in 2005.
Cyprus ranks 48th of 52 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 Rev. 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 | 102 Million euro | +13.8% |
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 | 88.82 Million euro | 81.87 Million euro | 102 Million euro | 5 |
Countries ranked near Cyprus
- 46 Latvia 136 Million euro compare
- 46 Latvia 136 Million euro compare
- 49 Malta 86.78 Million euro compare
- 50 North Macedonia 14.86 Million euro compare
- 51 Bosnia and Herzegovina 14.25 Million euro compare
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)
- Households and NPISHs Final consumption expenditure (current LCU) 3.7 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5009 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 15,066 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.484 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 14,556 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 8.68 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7509 current US$ per US$ of GDP (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 102 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 102 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 48th out of 52 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 409.8%. 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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