Gross Domestic Product — Value US$, 2015 prices in Cyprus
Cyprus: Gross Domestic Product — Value US$, 2015 prices was 31,018 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Cyprus, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Cyprus recorded 31,018 million USD for gross domestic product — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
The figure is up 3.4% on the previous year and up 61.1% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Cyprus peaked at 31,018 million USD in 2024 and was at its lowest, 3,115 million USD, in 1975.
Cyprus ranks 100th of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Cyprus, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 3,738 million USD | — |
| 1971 | 4,222 million USD | +13.0% |
| 1972 | 4,514 million USD | +6.9% |
| 1973 | 4,629 million USD | +2.6% |
| 1974 | 3,846 million USD | -16.9% |
| 1975 | 3,115 million USD | -19.0% |
| 1976 | 3,675 million USD | +18.0% |
| 1977 | 4,255 million USD | +15.8% |
| 1978 | 4,580 million USD | +7.6% |
| 1979 | 5,032 million USD | +9.9% |
| 1980 | 5,330 million USD | +5.9% |
| 1981 | 5,492 million USD | +3.1% |
| 1982 | 5,838 million USD | +6.3% |
| 1983 | 6,148 million USD | +5.3% |
| 1984 | 6,691 million USD | +8.8% |
| 1985 | 7,005 million USD | +4.7% |
| 1986 | 7,272 million USD | +3.8% |
| 1987 | 7,785 million USD | +7.1% |
| 1988 | 8,428 million USD | +8.3% |
| 1989 | 9,110 million USD | +8.1% |
| 1990 | 9,816 million USD | +7.7% |
| 1991 | 9,882 million USD | +0.7% |
| 1992 | 10,814 million USD | +9.4% |
| 1993 | 10,890 million USD | +0.7% |
| 1994 | 11,519 million USD | +5.8% |
| 1995 | 12,662 million USD | +9.9% |
| 1996 | 12,820 million USD | +1.2% |
| 1997 | 13,158 million USD | +2.6% |
| 1998 | 13,963 million USD | +6.1% |
| 1999 | 14,660 million USD | +5.0% |
| 2000 | 15,535 million USD | +6.0% |
| 2001 | 16,149 million USD | +4.0% |
| 2002 | 16,750 million USD | +3.7% |
| 2003 | 17,190 million USD | +2.6% |
| 2004 | 18,054 million USD | +5.0% |
| 2005 | 18,930 million USD | +4.9% |
| 2006 | 19,822 million USD | +4.7% |
| 2007 | 20,833 million USD | +5.1% |
| 2008 | 21,592 million USD | +3.6% |
| 2009 | 21,157 million USD | -2.0% |
| 2010 | 21,640 million USD | +2.3% |
| 2011 | 21,730 million USD | +0.4% |
| 2012 | 20,981 million USD | -3.4% |
| 2013 | 19,599 million USD | -6.6% |
| 2014 | 19,251 million USD | -1.8% |
| 2015 | 19,909 million USD | +3.4% |
| 2016 | 21,218 million USD | +6.6% |
| 2017 | 22,438 million USD | +5.8% |
| 2018 | 23,846 million USD | +6.3% |
| 2019 | 25,247 million USD | +5.9% |
| 2020 | 24,434 million USD | -3.2% |
| 2021 | 27,216 million USD | +11.4% |
| 2022 | 29,221 million USD | +7.4% |
| 2023 | 29,984 million USD | +2.6% |
| 2024 | 31,018 million USD | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,161 million USD | 3,115 million USD | 5,032 million USD | 10 |
| 1980s | 6,910 million USD | 5,330 million USD | 9,110 million USD | 10 |
| 1990s | 12,018 million USD | 9,816 million USD | 14,660 million USD | 10 |
| 2000s | 18,601 million USD | 15,535 million USD | 21,592 million USD | 10 |
| 2010s | 21,586 million USD | 19,251 million USD | 25,247 million USD | 10 |
| 2020s | 28,374 million USD | 24,434 million USD | 31,018 million USD | 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 domestic savings (current US$), annual growth rate 12.23 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2491 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 7,492 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 7.5 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.2205 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 6,630 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 11.4 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.8642 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Cyprus?
- Gross domestic product — value us$, 2015 prices in Cyprus was 31,018 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Cyprus?
- The highest recorded value was 31,018 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Cyprus?
- The lowest recorded value was 3,115 million USD in 1975.
- How does Cyprus rank for gross domestic product — value us$, 2015 prices?
- Cyprus ranks 100th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 2015 prices. 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).