GDP (current LCU) (UNICEF) in Cyprus
Cyprus: GDP (current LCU) (UNICEF) was 34.77 billion in 2024. ◆ Volatile
Latest (2024)
34.77 billion
Change on year
up 7.2%
World rank
65th
of 74 countries
All-time high
34.77 billion
in 2024
All-time low
439.11 million
in 1975
Years of data
50
1975–2024
GDP in Cyprus, 1975–2024
Source: UNICEF.
Analysis
Cyprus recorded 34.77 billion for gdp in 2024. That is the highest value across all 50 years on record.
That represents a change of up 7.2% on the previous year and up 98.9% over ten years.
Over the whole period, gdp in Cyprus peaked at 34.77 billion in 2024 and was at its lowest, 439.11 million, in 1975.
Cyprus ranks 65th of 74 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNICEF) in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1975 | 439.11 million | — |
| 1976 | 570.50 million | +29.9% |
| 1977 | 722.91 million | +26.7% |
| 1978 | 865.41 million | +19.7% |
| 1979 | 1.08 billion | +24.3% |
| 1980 | 1.30 billion | +20.7% |
| 1981 | 1.50 billion | +15.2% |
| 1982 | 1.75 billion | +17.0% |
| 1983 | 1.94 billion | +10.9% |
| 1984 | 2.29 billion | +17.7% |
| 1985 | 2.53 billion | +10.8% |
| 1986 | 2.74 billion | +8.0% |
| 1987 | 3.04 billion | +11.2% |
| 1988 | 3.41 billion | +12.1% |
| 1989 | 3.86 billion | +13.1% |
| 1990 | 4.37 billion | +13.2% |
| 1991 | 4.57 billion | +4.7% |
| 1992 | 5.30 billion | +16.0% |
| 1993 | 5.60 billion | +5.5% |
| 1994 | 6.24 billion | +11.5% |
| 1995 | 7.68 billion | +23.1% |
| 1996 | 7.98 billion | +3.9% |
| 1997 | 8.37 billion | +4.9% |
| 1998 | 9.06 billion | +8.2% |
| 1999 | 9.73 billion | +7.4% |
| 2000 | 10.60 billion | +8.9% |
| 2001 | 11.42 billion | +7.8% |
| 2002 | 11.88 billion | +4.0% |
| 2003 | 12.85 billion | +8.2% |
| 2004 | 13.86 billion | +7.9% |
| 2005 | 14.82 billion | +7.0% |
| 2006 | 16.00 billion | +7.9% |
| 2007 | 17.51 billion | +9.4% |
| 2008 | 19.01 billion | +8.6% |
| 2009 | 18.68 billion | -1.8% |
| 2010 | 19.46 billion | +4.2% |
| 2011 | 19.86 billion | +2.0% |
| 2012 | 19.50 billion | -1.8% |
| 2013 | 18.04 billion | -7.5% |
| 2014 | 17.48 billion | -3.1% |
| 2015 | 17.94 billion | +2.6% |
| 2016 | 19.01 billion | +6.0% |
| 2017 | 20.31 billion | +6.8% |
| 2018 | 21.81 billion | +7.4% |
| 2019 | 23.40 billion | +7.3% |
| 2020 | 22.37 billion | -4.4% |
| 2021 | 25.68 billion | +14.8% |
| 2022 | 29.65 billion | +15.4% |
| 2023 | 32.44 billion | +9.4% |
| 2024 | 34.77 billion | +7.2% |
Cyprus compared with similar countries
- Cyprus's 34.77 billion is below the median for high income countries, which is 528.44 billion, 7% of the median. (42 countries reporting)
- Cyprus's 34.77 billion is below the median for Europe & Central Asia, which is 591.53 billion, 6% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 734.80 million | 439.11 million | 1.08 billion | 5 |
| 1980s | 2.43 billion | 1.30 billion | 3.86 billion | 10 |
| 1990s | 6.89 billion | 4.37 billion | 9.73 billion | 10 |
| 2000s | 14.66 billion | 10.60 billion | 19.01 billion | 10 |
| 2010s | 19.68 billion | 17.48 billion | 23.40 billion | 10 |
| 2020s | 28.98 billion | 22.37 billion | 34.77 billion | 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 gdp in Cyprus?
- Gdp in Cyprus was 34.77 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Cyprus?
- The highest recorded value was 34.77 billion in 2024.
- What is the lowest gdp recorded in Cyprus?
- The lowest recorded value was 439.11 million in 1975.
- How does Cyprus rank for gdp?
- Cyprus ranks 65th out of 74 countries with data for 2024.
- Is gdp rising or falling in Cyprus?
- Over the last ten years it is up 98.9%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from UNICEF, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
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