Gross domestic product (GDP) in Cyprus
Cyprus: Gross domestic product (GDP) was 32.69 billion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Cyprus, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Cyprus stood at 32.69 billion international-$ in 2021 prices.
Compared with earlier readings it is up 4.0% on the previous year and up 29.0% over ten years.
Over the whole period, gross domestic product (gdp) in Cyprus peaked at 33.11 billion international-$ in 2021 prices in 2019 and was at its lowest, 1.75 billion international-$ in 2021 prices, in 1950.
That places Cyprus 141st out of 184 countries with data for 2023, putting it in the bottom 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 |
|---|---|---|---|---|
| 1950s | 2.46 billion international-$ in 2021 prices | 1.75 billion international-$ in 2021 prices | 3.00 billion international-$ in 2021 prices | 10 |
| 1960s | 3.85 billion international-$ in 2021 prices | 2.67 billion international-$ in 2021 prices | 5.36 billion international-$ in 2021 prices | 10 |
| 1970s | 5.92 billion international-$ in 2021 prices | 3.94 billion international-$ in 2021 prices | 7.87 billion international-$ in 2021 prices | 10 |
| 1980s | 10.61 billion international-$ in 2021 prices | 8.44 billion international-$ in 2021 prices | 13.85 billion international-$ in 2021 prices | 10 |
| 1990s | 16.11 billion international-$ in 2021 prices | 14.18 billion international-$ in 2021 prices | 18.53 billion international-$ in 2021 prices | 10 |
| 2000s | 23.46 billion international-$ in 2021 prices | 20.14 billion international-$ in 2021 prices | 28.83 billion international-$ in 2021 prices | 10 |
| 2010s | 28.03 billion international-$ in 2021 prices | 23.96 billion international-$ in 2021 prices | 33.11 billion international-$ in 2021 prices | 10 |
| 2020s | 31.88 billion international-$ in 2021 prices | 30.99 billion international-$ in 2021 prices | 32.69 billion international-$ in 2021 prices | 4 |
Countries ranked near Cyprus
- 138 Moldova 34.88 billion international-$ in 2021 prices compare
- 139 Haiti 34.54 billion international-$ in 2021 prices compare
- 140 Yemen 33.68 billion international-$ in 2021 prices compare
- 142 Mauritania 29.04 billion international-$ in 2021 prices compare
- 143 Namibia 28.74 billion international-$ in 2021 prices compare
- 144 Jamaica 26.85 billion international-$ in 2021 prices compare
More economy & growth data for Cyprus
- External balance on goods and services as a percent of GDP 5.7% (2025)
- Inflation of consumer prices 0.1% (2025)
- GDP per capita 33,527 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.4% (2025)
- Gross domestic product (GDP) 33.08 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 33,527 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -338.90 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) -382.95 million current US$ (2025)
- Taxes less subsidies on products 3.97 billion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Cyprus?
- Gross domestic product (gdp) in Cyprus was 32.69 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Cyprus?
- The highest recorded value was 33.11 billion international-$ in 2021 prices in 2019.
- What is the lowest gross domestic product (gdp) recorded in Cyprus?
- The lowest recorded value was 1.75 billion international-$ in 2021 prices in 1950.
- How does Cyprus rank for gross domestic product (gdp)?
- Cyprus ranks 141st out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Cyprus?
- Over the last ten years it is up 29.0%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – 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.