Gross domestic product (GDP) in Cyprus
Cyprus: Gross domestic product (GDP) was 32.69 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
32.69 billion international-$ in 2021 prices
Change on year
up 4.0%
World rank
141st
of 184 countries
All-time high
33.11 billion international-$ in 2021 prices
in 2019
All-time low
1.75 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
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.
Gross domestic product (GDP) in Cyprus, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 1.75 billion international-$ in 2021 prices | — |
| 1951 | 1.85 billion international-$ in 2021 prices | +5.3% |
| 1952 | 2.05 billion international-$ in 2021 prices | +11.0% |
| 1953 | 2.30 billion international-$ in 2021 prices | +12.3% |
| 1954 | 2.56 billion international-$ in 2021 prices | +11.1% |
| 1955 | 2.63 billion international-$ in 2021 prices | +3.0% |
| 1956 | 2.95 billion international-$ in 2021 prices | +12.1% |
| 1957 | 3.00 billion international-$ in 2021 prices | +1.8% |
| 1958 | 2.67 billion international-$ in 2021 prices | -11.2% |
| 1959 | 2.83 billion international-$ in 2021 prices | +5.9% |
| 1960 | 2.67 billion international-$ in 2021 prices | -5.4% |
| 1961 | 3.00 billion international-$ in 2021 prices | +12.2% |
| 1962 | 3.51 billion international-$ in 2021 prices | +17.0% |
| 1963 | 3.56 billion international-$ in 2021 prices | +1.5% |
| 1964 | 3.06 billion international-$ in 2021 prices | -14.0% |
| 1965 | 3.91 billion international-$ in 2021 prices | +27.6% |
| 1966 | 4.10 billion international-$ in 2021 prices | +4.7% |
| 1967 | 4.55 billion international-$ in 2021 prices | +11.2% |
| 1968 | 4.72 billion international-$ in 2021 prices | +3.6% |
| 1969 | 5.36 billion international-$ in 2021 prices | +13.7% |
| 1970 | 5.56 billion international-$ in 2021 prices | +3.6% |
| 1971 | 6.10 billion international-$ in 2021 prices | +9.8% |
| 1972 | 6.41 billion international-$ in 2021 prices | +5.1% |
| 1973 | 6.37 billion international-$ in 2021 prices | -0.7% |
| 1974 | 4.93 billion international-$ in 2021 prices | -22.7% |
| 1975 | 3.94 billion international-$ in 2021 prices | -20.1% |
| 1976 | 4.95 billion international-$ in 2021 prices | +25.7% |
| 1977 | 6.18 billion international-$ in 2021 prices | +24.9% |
| 1978 | 6.86 billion international-$ in 2021 prices | +11.0% |
| 1979 | 7.87 billion international-$ in 2021 prices | +14.7% |
| 1980 | 8.44 billion international-$ in 2021 prices | +7.2% |
| 1981 | 8.53 billion international-$ in 2021 prices | +1.1% |
| 1982 | 9.19 billion international-$ in 2021 prices | +7.8% |
| 1983 | 9.68 billion international-$ in 2021 prices | +5.3% |
| 1984 | 10.77 billion international-$ in 2021 prices | +11.2% |
| 1985 | 10.63 billion international-$ in 2021 prices | -1.3% |
| 1986 | 10.86 billion international-$ in 2021 prices | +2.1% |
| 1987 | 11.74 billion international-$ in 2021 prices | +8.1% |
| 1988 | 12.45 billion international-$ in 2021 prices | +6.0% |
| 1989 | 13.85 billion international-$ in 2021 prices | +11.2% |
| 1990 | 14.44 billion international-$ in 2021 prices | +4.3% |
| 1991 | 14.18 billion international-$ in 2021 prices | -1.8% |
| 1992 | 15.08 billion international-$ in 2021 prices | +6.3% |
| 1993 | 15.00 billion international-$ in 2021 prices | -0.5% |
| 1994 | 15.81 billion international-$ in 2021 prices | +5.4% |
| 1995 | 16.85 billion international-$ in 2021 prices | +6.6% |
| 1996 | 16.74 billion international-$ in 2021 prices | -0.7% |
| 1997 | 17.25 billion international-$ in 2021 prices | +3.1% |
| 1998 | 17.21 billion international-$ in 2021 prices | -0.2% |
| 1999 | 18.53 billion international-$ in 2021 prices | +7.7% |
| 2000 | 21.33 billion international-$ in 2021 prices | +15.1% |
| 2001 | 22.32 billion international-$ in 2021 prices | +4.6% |
| 2002 | 21.86 billion international-$ in 2021 prices | -2.1% |
| 2003 | 20.14 billion international-$ in 2021 prices | -7.9% |
| 2004 | 20.75 billion international-$ in 2021 prices | +3.1% |
| 2005 | 22.98 billion international-$ in 2021 prices | +10.7% |
| 2006 | 23.92 billion international-$ in 2021 prices | +4.1% |
| 2007 | 24.61 billion international-$ in 2021 prices | +2.9% |
| 2008 | 27.85 billion international-$ in 2021 prices | +13.2% |
| 2009 | 28.83 billion international-$ in 2021 prices | +3.5% |
| 2010 | 29.96 billion international-$ in 2021 prices | +3.9% |
| 2011 | 28.16 billion international-$ in 2021 prices | -6.0% |
| 2012 | 28.90 billion international-$ in 2021 prices | +2.6% |
| 2013 | 25.33 billion international-$ in 2021 prices | -12.3% |
| 2014 | 23.96 billion international-$ in 2021 prices | -5.4% |
| 2015 | 25.57 billion international-$ in 2021 prices | +6.7% |
| 2016 | 28.05 billion international-$ in 2021 prices | +9.7% |
| 2017 | 28.84 billion international-$ in 2021 prices | +2.8% |
| 2018 | 28.38 billion international-$ in 2021 prices | -1.6% |
| 2019 | 33.11 billion international-$ in 2021 prices | +16.7% |
| 2020 | 30.99 billion international-$ in 2021 prices | -6.4% |
| 2021 | 32.40 billion international-$ in 2021 prices | +4.5% |
| 2022 | 31.43 billion international-$ in 2021 prices | -3.0% |
| 2023 | 32.69 billion international-$ in 2021 prices | +4.0% |
Cyprus compared with similar countries
- Cyprus's 32.69 billion international-$ in 2021 prices is below the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 12% of the median. (66 countries reporting)
- Cyprus's 32.69 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 10% of the median. (48 countries reporting)
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
- 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$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Cyprus?
- Gross domestic product (gdp) in Cyprus was 32.69 billion international-$ 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.