Gross domestic product (GDP) at current market prices by NUTS 2 region in Cyprus
Cyprus: Gross domestic product (GDP) at current market prices by NUTS 2 region was 34,770 Million euro in 2024. ▲ Rising
Latest (2024)
34,770 Million euro
Change on year
up 7.2%
World rank
38th
of 45 countries
All-time high
34,770 Million euro
in 2024
All-time low
10,805 Million euro
in 2000
Years of data
25
2000–2024
Gross domestic product (GDP) at current market prices by NUTS 2 region in Cyprus, 2000–2024
Source: Eurostat. Measured in Million euro.
Analysis
Cyprus recorded 34,770 Million euro for gross domestic product (gdp) at current market prices by nuts 2 region in 2024. That is the highest value across all 25 years on record.
That represents a change of up 7.2% on the previous year and up 98.9% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 2 region in Cyprus peaked at 34,770 Million euro in 2024 and was at its lowest, 10,805 Million euro, in 2000.
That places Cyprus 38th out of 45 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Gross domestic product (GDP) at current market prices by NUTS 2 region in Cyprus, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 10,805 Million euro | — |
| 2001 | 11,603 Million euro | +7.4% |
| 2002 | 12,083 Million euro | +4.1% |
| 2003 | 12,871 Million euro | +6.5% |
| 2004 | 13,938 Million euro | +8.3% |
| 2005 | 15,039 Million euro | +7.9% |
| 2006 | 16,264 Million euro | +8.1% |
| 2007 | 17,591 Million euro | +8.2% |
| 2008 | 19,010 Million euro | +8.1% |
| 2009 | 18,675 Million euro | -1.8% |
| 2010 | 19,461 Million euro | +4.2% |
| 2011 | 19,858 Million euro | +2.0% |
| 2012 | 19,495 Million euro | -1.8% |
| 2013 | 18,040 Million euro | -7.5% |
| 2014 | 17,483 Million euro | -3.1% |
| 2015 | 17,944 Million euro | +2.6% |
| 2016 | 19,014 Million euro | +6.0% |
| 2017 | 20,312 Million euro | +6.8% |
| 2018 | 21,808 Million euro | +7.4% |
| 2019 | 23,401 Million euro | +7.3% |
| 2020 | 22,374 Million euro | -4.4% |
| 2021 | 25,680 Million euro | +14.8% |
| 2022 | 29,645 Million euro | +15.4% |
| 2023 | 32,439 Million euro | +9.4% |
| 2024 | 34,770 Million euro | +7.2% |
Cyprus compared with similar countries
- Cyprus's 34,770 Million euro is below the median for Europe & Central Asia, which is 282,710 Million euro, 12% of the median. (32 countries reporting)
- Cyprus's 34,770 Million euro is below the median for high income countries, which is 320,787 Million euro, 11% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14,788 Million euro | 10,805 Million euro | 19,010 Million euro | 10 |
| 2010s | 19,682 Million euro | 17,483 Million euro | 23,401 Million euro | 10 |
| 2020s | 28,982 Million euro | 22,374 Million euro | 34,770 Million euro | 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)
- 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) at current market prices by nuts 2 region in Cyprus?
- Gross domestic product (gdp) at current market prices by nuts 2 region in Cyprus was 34,770 Million euro in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by nuts 2 region recorded in Cyprus?
- The highest recorded value was 34,770 Million euro in 2024.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 2 region recorded in Cyprus?
- The lowest recorded value was 10,805 Million euro in 2000.
- How does Cyprus rank for gross domestic product (gdp) at current market prices by nuts 2 region?
- Cyprus ranks 38th out of 45 countries with data for 2024.
- Is gross domestic product (gdp) at current market prices by nuts 2 region rising or falling in Cyprus?
- Over the last ten years it is up 98.9%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) at current market prices by NUTS 2 region. Statizoid updates them automatically from the source API.
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