Gross Domestic Product — Value Standard Local Currency, 2015 prices in Cyprus
Cyprus: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 27,956 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Cyprus, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Cyprus stood at 27,956 million SLC. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.4% on the previous year and up 61.1% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Cyprus peaked at 27,956 million SLC in 2024 and was at its lowest, 2,808 million SLC, in 1975.
That places Cyprus 149th out of 194 countries with data for 2024, 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 — Value Standard Local Currency, 2015 prices in Cyprus, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 3,369 million SLC | — |
| 1971 | 3,806 million SLC | +13.0% |
| 1972 | 4,068 million SLC | +6.9% |
| 1973 | 4,172 million SLC | +2.6% |
| 1974 | 3,466 million SLC | -16.9% |
| 1975 | 2,808 million SLC | -19.0% |
| 1976 | 3,312 million SLC | +18.0% |
| 1977 | 3,835 million SLC | +15.8% |
| 1978 | 4,128 million SLC | +7.6% |
| 1979 | 4,535 million SLC | +9.9% |
| 1980 | 4,804 million SLC | +5.9% |
| 1981 | 4,950 million SLC | +3.1% |
| 1982 | 5,262 million SLC | +6.3% |
| 1983 | 5,542 million SLC | +5.3% |
| 1984 | 6,030 million SLC | +8.8% |
| 1985 | 6,314 million SLC | +4.7% |
| 1986 | 6,554 million SLC | +3.8% |
| 1987 | 7,017 million SLC | +7.1% |
| 1988 | 7,596 million SLC | +8.3% |
| 1989 | 8,211 million SLC | +8.1% |
| 1990 | 8,847 million SLC | +7.7% |
| 1991 | 8,907 million SLC | +0.7% |
| 1992 | 9,747 million SLC | +9.4% |
| 1993 | 9,815 million SLC | +0.7% |
| 1994 | 10,382 million SLC | +5.8% |
| 1995 | 11,412 million SLC | +9.9% |
| 1996 | 11,554 million SLC | +1.2% |
| 1997 | 11,860 million SLC | +2.6% |
| 1998 | 12,584 million SLC | +6.1% |
| 1999 | 13,213 million SLC | +5.0% |
| 2000 | 14,002 million SLC | +6.0% |
| 2001 | 14,555 million SLC | +4.0% |
| 2002 | 15,097 million SLC | +3.7% |
| 2003 | 15,493 million SLC | +2.6% |
| 2004 | 16,272 million SLC | +5.0% |
| 2005 | 17,061 million SLC | +4.9% |
| 2006 | 17,866 million SLC | +4.7% |
| 2007 | 18,776 million SLC | +5.1% |
| 2008 | 19,461 million SLC | +3.6% |
| 2009 | 19,069 million SLC | -2.0% |
| 2010 | 19,504 million SLC | +2.3% |
| 2011 | 19,586 million SLC | +0.4% |
| 2012 | 18,910 million SLC | -3.4% |
| 2013 | 17,665 million SLC | -6.6% |
| 2014 | 17,351 million SLC | -1.8% |
| 2015 | 17,944 million SLC | +3.4% |
| 2016 | 19,124 million SLC | +6.6% |
| 2017 | 20,224 million SLC | +5.8% |
| 2018 | 21,492 million SLC | +6.3% |
| 2019 | 22,755 million SLC | +5.9% |
| 2020 | 22,022 million SLC | -3.2% |
| 2021 | 24,530 million SLC | +11.4% |
| 2022 | 26,336 million SLC | +7.4% |
| 2023 | 27,024 million SLC | +2.6% |
| 2024 | 27,956 million SLC | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,750 million SLC | 2,808 million SLC | 4,535 million SLC | 10 |
| 1980s | 6,228 million SLC | 4,804 million SLC | 8,211 million SLC | 10 |
| 1990s | 10,832 million SLC | 8,847 million SLC | 13,213 million SLC | 10 |
| 2000s | 16,765 million SLC | 14,002 million SLC | 19,461 million SLC | 10 |
| 2010s | 19,455 million SLC | 17,351 million SLC | 22,755 million SLC | 10 |
| 2020s | 25,574 million SLC | 22,022 million SLC | 27,956 million SLC | 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)
- Gross capital formation (constant 2015 US$), annual growth rate -4.63 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1506 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 4,529 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 7.83 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.9192 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 27,646 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 3.29 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.8135 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Cyprus?
- Gross domestic product — value standard local currency, 2015 prices in Cyprus was 27,956 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Cyprus?
- The highest recorded value was 27,956 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Cyprus?
- The lowest recorded value was 2,808 million SLC in 1975.
- How does Cyprus rank for gross domestic product — value standard local currency, 2015 prices?
- Cyprus ranks 149th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Cyprus?
- Over the last ten years it is up 61.1%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).