Gross domestic product (GDP), annual growth rate in Cyprus
Cyprus: Gross domestic product (GDP), annual growth rate was 4 % change on previous year in 2023. ◆ Volatile
Latest (2023)
4 % change on previous year
Change on year
up 233.5%
World rank
61st
of 184 countries
All-time high
27.65 % change on previous year
in 1965
All-time low
-22.65 % change on previous year
in 1974
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in Cyprus, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cyprus recorded 4 % change on previous year for gross domestic product (gdp), annual growth rate in 2023.
Compared with earlier readings it is up 233.5% on the previous year and up 132.4% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Cyprus peaked at 27.65 % change on previous year in 1965 and was at its lowest, -22.65 % change on previous year, in 1974.
That places Cyprus 61st out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Cyprus, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 5.31 % change on previous year | — |
| 1952 | 10.99 % change on previous year | +106.8% |
| 1953 | 12.27 % change on previous year | +11.6% |
| 1954 | 11.05 % change on previous year | -9.9% |
| 1955 | 3 % change on previous year | -72.9% |
| 1956 | 12.06 % change on previous year | +302.3% |
| 1957 | 1.81 % change on previous year | -85.0% |
| 1958 | -11.17 % change on previous year | -716.5% |
| 1959 | 5.92 % change on previous year | -153.0% |
| 1960 | -5.37 % change on previous year | -190.8% |
| 1961 | 12.18 % change on previous year | -326.6% |
| 1962 | 17.03 % change on previous year | +39.9% |
| 1963 | 1.48 % change on previous year | -91.3% |
| 1964 | -13.99 % change on previous year | -1048.2% |
| 1965 | 27.65 % change on previous year | -297.6% |
| 1966 | 4.7 % change on previous year | -83.0% |
| 1967 | 11.21 % change on previous year | +138.6% |
| 1968 | 3.58 % change on previous year | -68.1% |
| 1969 | 13.69 % change on previous year | +282.6% |
| 1970 | 3.62 % change on previous year | -73.6% |
| 1971 | 9.76 % change on previous year | +169.7% |
| 1972 | 5.12 % change on previous year | -47.5% |
| 1973 | -0.7019 % change on previous year | -113.7% |
| 1974 | -22.65 % change on previous year | +3127.0% |
| 1975 | -20.08 % change on previous year | -11.4% |
| 1976 | 25.7 % change on previous year | -228.0% |
| 1977 | 24.92 % change on previous year | -3.0% |
| 1978 | 10.95 % change on previous year | -56.1% |
| 1979 | 14.71 % change on previous year | +34.3% |
| 1980 | 7.23 % change on previous year | -50.9% |
| 1981 | 1.08 % change on previous year | -85.0% |
| 1982 | 7.8 % change on previous year | +619.4% |
| 1983 | 5.33 % change on previous year | -31.7% |
| 1984 | 11.2 % change on previous year | +110.2% |
| 1985 | -1.26 % change on previous year | -111.2% |
| 1986 | 2.11 % change on previous year | -267.6% |
| 1987 | 8.11 % change on previous year | +284.4% |
| 1988 | 6.04 % change on previous year | -25.6% |
| 1989 | 11.25 % change on previous year | +86.4% |
| 1990 | 4.3 % change on previous year | -61.8% |
| 1991 | -1.83 % change on previous year | -142.5% |
| 1992 | 6.35 % change on previous year | -447.3% |
| 1993 | -0.52 % change on previous year | -108.2% |
| 1994 | 5.39 % change on previous year | -1136.5% |
| 1995 | 6.6 % change on previous year | +22.4% |
| 1996 | -0.6612 % change on previous year | -110.0% |
| 1997 | 3.06 % change on previous year | -562.2% |
| 1998 | -0.2441 % change on previous year | -108.0% |
| 1999 | 7.7 % change on previous year | -3256.2% |
| 2000 | 15.12 % change on previous year | +96.3% |
| 2001 | 4.63 % change on previous year | -69.4% |
| 2002 | -2.08 % change on previous year | -144.9% |
| 2003 | -7.88 % change on previous year | +278.8% |
| 2004 | 3.06 % change on previous year | -138.9% |
| 2005 | 10.73 % change on previous year | +250.2% |
| 2006 | 4.1 % change on previous year | -61.8% |
| 2007 | 2.88 % change on previous year | -29.8% |
| 2008 | 13.16 % change on previous year | +357.6% |
| 2009 | 3.51 % change on previous year | -73.3% |
| 2010 | 3.94 % change on previous year | +12.3% |
| 2011 | -6.03 % change on previous year | -252.9% |
| 2012 | 2.64 % change on previous year | -143.7% |
| 2013 | -12.35 % change on previous year | -568.2% |
| 2014 | -5.4 % change on previous year | -56.2% |
| 2015 | 6.71 % change on previous year | -224.3% |
| 2016 | 9.68 % change on previous year | +44.1% |
| 2017 | 2.82 % change on previous year | -70.9% |
| 2018 | -1.57 % change on previous year | -155.8% |
| 2019 | 16.67 % change on previous year | -1160.1% |
| 2020 | -6.41 % change on previous year | -138.4% |
| 2021 | 4.55 % change on previous year | -171.0% |
| 2022 | -3 % change on previous year | -165.9% |
| 2023 | 4 % change on previous year | -233.5% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +3256.2% | -0.2441 % change on previous year | 7.7 % change on previous year |
| 1974 | -3127.0% | -0.7019 % change on previous year | -22.65 % change on previous year |
| 2019 | +1160.1% | -1.57 % change on previous year | 16.67 % change on previous year |
| 1994 | +1136.5% | -0.52 % change on previous year | 5.39 % change on previous year |
| 1964 | -1048.2% | 1.48 % change on previous year | -13.99 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 5.69 % change on previous year | -11.17 % change on previous year | 12.27 % change on previous year | 9 |
| 1960s | 7.21 % change on previous year | -13.99 % change on previous year | 27.65 % change on previous year | 10 |
| 1970s | 5.14 % change on previous year | -22.65 % change on previous year | 25.7 % change on previous year | 10 |
| 1980s | 5.89 % change on previous year | -1.26 % change on previous year | 11.25 % change on previous year | 10 |
| 1990s | 3.01 % change on previous year | -1.83 % change on previous year | 7.7 % change on previous year | 10 |
| 2000s | 4.72 % change on previous year | -7.88 % change on previous year | 15.12 % change on previous year | 10 |
| 2010s | 1.71 % change on previous year | -12.35 % change on previous year | 16.67 % change on previous year | 10 |
| 2020s | -0.2133 % change on previous year | -6.41 % change on previous year | 4.55 % change on previous year | 4 |
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)
- 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), annual growth rate in Cyprus?
- Gross domestic product (gdp), annual growth rate in Cyprus was 4 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Cyprus?
- The highest recorded value was 27.65 % change on previous year in 1965.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Cyprus?
- The lowest recorded value was -22.65 % change on previous year in 1974.
- How does Cyprus rank for gross domestic product (gdp), annual growth rate?
- Cyprus ranks 61st out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Cyprus?
- Over the last ten years it is up 132.4%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.