Gross domestic product (GDP) in Cyprus
Cyprus: Gross domestic product (GDP) was 34.26 billion international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
34.26 billion international-$ in 2011 prices
Change on year
up 5.6%
World rank
125th
of 166 countries
All-time high
34.26 billion international-$ in 2011 prices
in 2022
All-time low
1.40 billion international-$ in 2011 prices
in 1951
Years of data
73
1950–2022
Gross domestic product (GDP) in Cyprus, 1950–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
In 2022, gross domestic product (gdp) in Cyprus stood at 34.26 billion international-$ in 2011 prices. That is the highest value across all 73 years on record.
That represents a change of up 5.6% on the previous year and up 28.4% over ten years.
Over the whole period, gross domestic product (gdp) in Cyprus peaked at 34.26 billion international-$ in 2011 prices in 2022 and was at its lowest, 1.40 billion international-$ in 2011 prices, in 1951.
That places Cyprus 125th out of 166 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Cyprus, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1950 | 1.43 billion international-$ in 2011 prices | — |
| 1951 | 1.40 billion international-$ in 2011 prices | -2.0% |
| 1952 | 1.53 billion international-$ in 2011 prices | +9.7% |
| 1953 | 1.69 billion international-$ in 2011 prices | +10.0% |
| 1954 | 1.72 billion international-$ in 2011 prices | +2.0% |
| 1955 | 1.78 billion international-$ in 2011 prices | +3.6% |
| 1956 | 1.98 billion international-$ in 2011 prices | +11.0% |
| 1957 | 2.10 billion international-$ in 2011 prices | +6.3% |
| 1958 | 2.04 billion international-$ in 2011 prices | -2.8% |
| 1959 | 2.16 billion international-$ in 2011 prices | +5.9% |
| 1960 | 2.00 billion international-$ in 2011 prices | -7.4% |
| 1961 | 2.23 billion international-$ in 2011 prices | +11.1% |
| 1962 | 2.43 billion international-$ in 2011 prices | +9.0% |
| 1963 | 2.58 billion international-$ in 2011 prices | +6.2% |
| 1964 | 2.33 billion international-$ in 2011 prices | -9.6% |
| 1965 | 2.85 billion international-$ in 2011 prices | +22.4% |
| 1966 | 3.02 billion international-$ in 2011 prices | +6.1% |
| 1967 | 3.44 billion international-$ in 2011 prices | +13.6% |
| 1968 | 3.59 billion international-$ in 2011 prices | +4.6% |
| 1969 | 3.93 billion international-$ in 2011 prices | +9.3% |
| 1970 | 4.05 billion international-$ in 2011 prices | +3.1% |
| 1971 | 4.58 billion international-$ in 2011 prices | +13.0% |
| 1972 | 4.89 billion international-$ in 2011 prices | +6.9% |
| 1973 | 5.02 billion international-$ in 2011 prices | +2.6% |
| 1974 | 4.17 billion international-$ in 2011 prices | -16.9% |
| 1975 | 3.37 billion international-$ in 2011 prices | -19.0% |
| 1976 | 3.98 billion international-$ in 2011 prices | +18.0% |
| 1977 | 4.61 billion international-$ in 2011 prices | +15.8% |
| 1978 | 4.96 billion international-$ in 2011 prices | +7.6% |
| 1979 | 5.45 billion international-$ in 2011 prices | +9.9% |
| 1980 | 5.77 billion international-$ in 2011 prices | +5.9% |
| 1981 | 5.95 billion international-$ in 2011 prices | +3.1% |
| 1982 | 6.32 billion international-$ in 2011 prices | +6.3% |
| 1983 | 6.66 billion international-$ in 2011 prices | +5.3% |
| 1984 | 7.25 billion international-$ in 2011 prices | +8.8% |
| 1985 | 7.59 billion international-$ in 2011 prices | +4.7% |
| 1986 | 7.88 billion international-$ in 2011 prices | +3.8% |
| 1987 | 8.44 billion international-$ in 2011 prices | +7.1% |
| 1988 | 9.13 billion international-$ in 2011 prices | +8.3% |
| 1989 | 9.87 billion international-$ in 2011 prices | +8.1% |
| 1990 | 10.60 billion international-$ in 2011 prices | +7.4% |
| 1991 | 10.80 billion international-$ in 2011 prices | +1.9% |
| 1992 | 11.95 billion international-$ in 2011 prices | +10.6% |
| 1993 | 12.17 billion international-$ in 2011 prices | +1.9% |
| 1994 | 13.05 billion international-$ in 2011 prices | +7.2% |
| 1995 | 14.53 billion international-$ in 2011 prices | +11.3% |
| 1996 | 14.86 billion international-$ in 2011 prices | +2.3% |
| 1997 | 15.38 billion international-$ in 2011 prices | +3.5% |
| 1998 | 16.34 billion international-$ in 2011 prices | +6.2% |
| 1999 | 17.29 billion international-$ in 2011 prices | +5.8% |
| 2000 | 18.45 billion international-$ in 2011 prices | +6.7% |
| 2001 | 19.29 billion international-$ in 2011 prices | +4.6% |
| 2002 | 20.13 billion international-$ in 2011 prices | +4.4% |
| 2003 | 20.82 billion international-$ in 2011 prices | +3.4% |
| 2004 | 21.98 billion international-$ in 2011 prices | +5.5% |
| 2005 | 23.01 billion international-$ in 2011 prices | +4.7% |
| 2006 | 24.27 billion international-$ in 2011 prices | +5.5% |
| 2007 | 25.67 billion international-$ in 2011 prices | +5.8% |
| 2008 | 26.91 billion international-$ in 2011 prices | +4.8% |
| 2009 | 26.68 billion international-$ in 2011 prices | -0.9% |
| 2010 | 27.29 billion international-$ in 2011 prices | +2.3% |
| 2011 | 27.63 billion international-$ in 2011 prices | +1.3% |
| 2012 | 26.68 billion international-$ in 2011 prices | -3.4% |
| 2013 | 24.92 billion international-$ in 2011 prices | -6.6% |
| 2014 | 24.48 billion international-$ in 2011 prices | -1.8% |
| 2015 | 25.31 billion international-$ in 2011 prices | +3.4% |
| 2016 | 26.98 billion international-$ in 2011 prices | +6.6% |
| 2017 | 28.52 billion international-$ in 2011 prices | +5.7% |
| 2018 | 30.13 billion international-$ in 2011 prices | +5.6% |
| 2019 | 31.80 billion international-$ in 2011 prices | +5.5% |
| 2020 | 30.41 billion international-$ in 2011 prices | -4.4% |
| 2021 | 32.43 billion international-$ in 2011 prices | +6.6% |
| 2022 | 34.26 billion international-$ in 2011 prices | +5.6% |
Cyprus compared with similar countries
- Cyprus's 34.26 billion international-$ in 2011 prices is below the median for high income countries, which is 308.39 billion international-$ in 2011 prices, 11% of the median. (55 countries reporting)
- Cyprus's 34.26 billion international-$ in 2011 prices is below the median for Europe & Central Asia, which is 245.02 billion international-$ in 2011 prices, 14% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 1.78 billion international-$ in 2011 prices | 1.40 billion international-$ in 2011 prices | 2.16 billion international-$ in 2011 prices | 10 |
| 1960s | 2.84 billion international-$ in 2011 prices | 2.00 billion international-$ in 2011 prices | 3.93 billion international-$ in 2011 prices | 10 |
| 1970s | 4.51 billion international-$ in 2011 prices | 3.37 billion international-$ in 2011 prices | 5.45 billion international-$ in 2011 prices | 10 |
| 1980s | 7.49 billion international-$ in 2011 prices | 5.77 billion international-$ in 2011 prices | 9.87 billion international-$ in 2011 prices | 10 |
| 1990s | 13.70 billion international-$ in 2011 prices | 10.60 billion international-$ in 2011 prices | 17.29 billion international-$ in 2011 prices | 10 |
| 2000s | 22.72 billion international-$ in 2011 prices | 18.45 billion international-$ in 2011 prices | 26.91 billion international-$ in 2011 prices | 10 |
| 2010s | 27.37 billion international-$ in 2011 prices | 24.48 billion international-$ in 2011 prices | 31.80 billion international-$ in 2011 prices | 10 |
| 2020s | 32.36 billion international-$ in 2011 prices | 30.41 billion international-$ in 2011 prices | 34.26 billion international-$ in 2011 prices | 3 |
Countries ranked near Cyprus
- 122 Albania 36.17 billion international-$ in 2011 prices compare
- 123 Luxembourg 36.13 billion international-$ in 2011 prices compare
- 124 Gabon 36.04 billion international-$ in 2011 prices compare
- 126 Benin 33.29 billion international-$ in 2011 prices compare
- 127 Nicaragua 32.76 billion international-$ in 2011 prices compare
- 128 Kyrgyzstan 31.70 billion international-$ in 2011 prices 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)
- 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$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Cyprus?
- Gross domestic product (gdp) in Cyprus was 34.26 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Cyprus?
- The highest recorded value was 34.26 billion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Cyprus?
- The lowest recorded value was 1.40 billion international-$ in 2011 prices in 1951.
- How does Cyprus rank for gross domestic product (gdp)?
- Cyprus ranks 125th out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Cyprus?
- Over the last ten years it is up 28.4%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.