Gross Domestic Product — Value Standard Local Currency in Cyprus
Cyprus: Gross Domestic Product — Value Standard Local Currency was 33,568 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Cyprus, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Cyprus recorded 33,568 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 7.1% on the previous year and up 92.0% over ten years.
Over the whole period, gross domestic product — value standard local currency in Cyprus peaked at 33,568 million SLC in 2024 and was at its lowest, 438.59 million SLC, in 1970.
That places Cyprus 172nd out of 218 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 in Cyprus, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 438.59 million SLC | — |
| 1971 | 506.14 million SLC | +15.4% |
| 1972 | 575.05 million SLC | +13.6% |
| 1973 | 638.53 million SLC | +11.0% |
| 1974 | 589.57 million SLC | -7.7% |
| 1975 | 497.43 million SLC | -15.6% |
| 1976 | 639.89 million SLC | +28.6% |
| 1977 | 810.83 million SLC | +26.7% |
| 1978 | 970.86 million SLC | +19.7% |
| 1979 | 1,207 million SLC | +24.3% |
| 1980 | 1,457 million SLC | +20.7% |
| 1981 | 1,679 million SLC | +15.2% |
| 1982 | 1,964 million SLC | +17.0% |
| 1983 | 2,178 million SLC | +10.9% |
| 1984 | 2,563 million SLC | +17.7% |
| 1985 | 2,838 million SLC | +10.7% |
| 1986 | 3,067 million SLC | +8.1% |
| 1987 | 3,413 million SLC | +11.3% |
| 1988 | 3,818 million SLC | +11.9% |
| 1989 | 4,324 million SLC | +13.2% |
| 1990 | 4,898 million SLC | +13.3% |
| 1991 | 5,126 million SLC | +4.7% |
| 1992 | 5,947 million SLC | +16.0% |
| 1993 | 6,276 million SLC | +5.5% |
| 1994 | 6,993 million SLC | +11.4% |
| 1995 | 7,596 million SLC | +8.6% |
| 1996 | 7,890 million SLC | +3.9% |
| 1997 | 8,414 million SLC | +6.6% |
| 1998 | 9,153 million SLC | +8.8% |
| 1999 | 9,840 million SLC | +7.5% |
| 2000 | 10,805 million SLC | +9.8% |
| 2001 | 11,603 million SLC | +7.4% |
| 2002 | 12,083 million SLC | +4.1% |
| 2003 | 12,871 million SLC | +6.5% |
| 2004 | 13,938 million SLC | +8.3% |
| 2005 | 15,039 million SLC | +7.9% |
| 2006 | 16,264 million SLC | +8.1% |
| 2007 | 17,591 million SLC | +8.2% |
| 2008 | 19,010 million SLC | +8.1% |
| 2009 | 18,676 million SLC | -1.8% |
| 2010 | 19,461 million SLC | +4.2% |
| 2011 | 19,858 million SLC | +2.0% |
| 2012 | 19,495 million SLC | -1.8% |
| 2013 | 18,040 million SLC | -7.5% |
| 2014 | 17,483 million SLC | -3.1% |
| 2015 | 17,944 million SLC | +2.6% |
| 2016 | 19,014 million SLC | +6.0% |
| 2017 | 20,312 million SLC | +6.8% |
| 2018 | 21,808 million SLC | +7.4% |
| 2019 | 23,401 million SLC | +7.3% |
| 2020 | 22,374 million SLC | -4.4% |
| 2021 | 25,680 million SLC | +14.8% |
| 2022 | 29,416 million SLC | +14.5% |
| 2023 | 31,340 million SLC | +6.5% |
| 2024 | 33,568 million SLC | +7.1% |
Cyprus compared with similar countries
- Cyprus's 33,568 million SLC is below the median for high income countries, which is 257,567 million SLC, 13% of the median. (72 countries reporting)
- Cyprus's 33,568 million SLC is below the median for Europe & Central Asia, which is 507,692 million SLC, 7% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 687.39 million SLC | 438.59 million SLC | 1,207 million SLC | 10 |
| 1980s | 2,730 million SLC | 1,457 million SLC | 4,324 million SLC | 10 |
| 1990s | 7,213 million SLC | 4,898 million SLC | 9,840 million SLC | 10 |
| 2000s | 14,788 million SLC | 10,805 million SLC | 19,010 million SLC | 10 |
| 2010s | 19,682 million SLC | 17,483 million SLC | 23,401 million SLC | 10 |
| 2020s | 28,475 million SLC | 22,374 million SLC | 33,568 million SLC | 5 |
Countries ranked near Cyprus
- 169 Jordan 37,676 million SLC compare
- 170 Eritrea 36,159 million SLC compare
- 171 El Salvador 35,534 million SLC compare
- 173 Seychelles 30,825 million SLC compare
- 174 Malta 22,472 million SLC compare
- 175 Ethiopia PDR 22,195 million SLC 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 — value standard local currency in Cyprus?
- Gross domestic product — value standard local currency in Cyprus was 33,568 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 recorded in Cyprus?
- The highest recorded value was 33,568 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Cyprus?
- The lowest recorded value was 438.59 million SLC in 1970.
- How does Cyprus rank for gross domestic product — value standard local currency?
- Cyprus ranks 172nd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Cyprus?
- Over the last ten years it is up 92.0%. 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. Statizoid updates them automatically from the source API.
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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).