GDP growth in Cyprus
Cyprus: GDP growth was 3.94 in 2024. β Volatile
Latest (2024)
3.94
Change on year
up 8.9%
World rank
18th
of 74 countries
All-time high
20.27
in 1976
All-time low
-6.59
in 2013
Years of data
49
1976β2024
GDP growth in Cyprus, 1976β2024
Source: UNICEF.
Analysis
In 2024, gdp growth in Cyprus stood at 3.94.
Compared with earlier readings it is up 8.9% on the previous year and up 321.9% over ten years.
Over the whole period, gdp growth in Cyprus peaked at 20.27 in 1976 and was at its lowest, -6.59, in 2013.
That places Cyprus 18th out of 74 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.58 | 7.78 | 20.27 | 4 |
| 1980s | 6.09 | 2.52 | 8.76 | 10 |
| 1990s | 4.75 | 0.7 | 9.4 | 10 |
| 2000s | 3.76 | -2.02 | 5.97 | 10 |
| 2010s | 1.88 | -6.59 | 6.57 | 10 |
| 2020s | 4.8 | -3.22 | 11.4 | 5 |
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)
- Taxes less subsidies on products (current LCU), annual growth rate 1.74 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0964 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 2,899 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1.59 (2007)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.6286 (2007)
- Domestic currency per US dollar (End-of-period (EoP)) 0.3978 (2007)
- US dollar per domestic currency (End-of-period (EoP)) 2.51 (2007)
- Gdp worldbank constant usd, annual growth rate 3.77 % change on previous year (2025)
Frequently asked questions
- What is gdp growth in Cyprus?
- Gdp growth in Cyprus was 3.94 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Cyprus?
- The highest recorded value was 20.27 in 1976.
- What is the lowest gdp growth recorded in Cyprus?
- The lowest recorded value was -6.59 in 2013.
- How does Cyprus rank for gdp growth?
- Cyprus ranks 18th out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Cyprus?
- Over the last ten years it is up 321.9%. 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 growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 49 observations, free to reuse under UNICEF Terms of Use (attribution required).