Gross Domestic Product — Value US$ in Cyprus
Cyprus: Gross Domestic Product — Value US$ was 36,333 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Cyprus, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Cyprus recorded 36,333 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 7.2% on the previous year and up 56.4% over ten years.
Over the whole period, gross domestic product — value us$ in Cyprus peaked at 36,333 million USD in 2024 and was at its lowest, 616.07 million USD, in 1970.
Cyprus ranks 118th of 236 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$ in Cyprus, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 616.07 million USD | — |
| 1971 | 721.24 million USD | +17.1% |
| 1972 | 877.44 million USD | +21.7% |
| 1973 | 1,068 million USD | +21.7% |
| 1974 | 946.16 million USD | -11.4% |
| 1975 | 789.18 million USD | -16.6% |
| 1976 | 912.34 million USD | +15.6% |
| 1977 | 1,163 million USD | +27.5% |
| 1978 | 1,521 million USD | +30.8% |
| 1979 | 1,993 million USD | +31.0% |
| 1980 | 2,416 million USD | +21.2% |
| 1981 | 2,331 million USD | -3.5% |
| 1982 | 2,418 million USD | +3.7% |
| 1983 | 2,421 million USD | +0.1% |
| 1984 | 2,549 million USD | +5.3% |
| 1985 | 2,711 million USD | +6.4% |
| 1986 | 3,465 million USD | +27.8% |
| 1987 | 4,152 million USD | +19.8% |
| 1988 | 4,789 million USD | +15.4% |
| 1989 | 5,116 million USD | +6.8% |
| 1990 | 6,258 million USD | +22.3% |
| 1991 | 6,460 million USD | +3.2% |
| 1992 | 7,742 million USD | +19.8% |
| 1993 | 7,385 million USD | -4.6% |
| 1994 | 8,316 million USD | +12.6% |
| 1995 | 9,827 million USD | +18.2% |
| 1996 | 9,903 million USD | +0.8% |
| 1997 | 9,583 million USD | -3.2% |
| 1998 | 10,345 million USD | +7.9% |
| 1999 | 10,607 million USD | +2.5% |
| 2000 | 10,160 million USD | -4.2% |
| 2001 | 10,560 million USD | +3.9% |
| 2002 | 11,581 million USD | +9.7% |
| 2003 | 14,559 million USD | +25.7% |
| 2004 | 17,408 million USD | +19.6% |
| 2005 | 18,967 million USD | +9.0% |
| 2006 | 20,742 million USD | +9.4% |
| 2007 | 24,161 million USD | +16.5% |
| 2008 | 27,958 million USD | +15.7% |
| 2009 | 26,048 million USD | -6.8% |
| 2010 | 25,800 million USD | -1.0% |
| 2011 | 27,642 million USD | +7.1% |
| 2012 | 25,048 million USD | -9.4% |
| 2013 | 23,960 million USD | -4.3% |
| 2014 | 23,226 million USD | -3.1% |
| 2015 | 19,909 million USD | -14.3% |
| 2016 | 21,046 million USD | +5.7% |
| 2017 | 22,946 million USD | +9.0% |
| 2018 | 25,754 million USD | +12.2% |
| 2019 | 26,197 million USD | +1.7% |
| 2020 | 25,555 million USD | -2.4% |
| 2021 | 30,373 million USD | +18.9% |
| 2022 | 30,976 million USD | +2.0% |
| 2023 | 33,887 million USD | +9.4% |
| 2024 | 36,333 million USD | +7.2% |
Cyprus compared with similar countries
- Cyprus's 36,333 million USD is below the median for high income countries, which is 95,350 million USD, 38% of the median. (73 countries reporting)
- Cyprus's 36,333 million USD is below the median for Europe & Central Asia, which is 97,163 million USD, 37% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,061 million USD | 616.07 million USD | 1,993 million USD | 10 |
| 1980s | 3,237 million USD | 2,331 million USD | 5,116 million USD | 10 |
| 1990s | 8,643 million USD | 6,258 million USD | 10,607 million USD | 10 |
| 2000s | 18,214 million USD | 10,160 million USD | 27,958 million USD | 10 |
| 2010s | 24,153 million USD | 19,909 million USD | 27,642 million USD | 10 |
| 2020s | 31,425 million USD | 25,555 million USD | 36,333 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)
- SDRs holdings, US dollar, annual growth rate 5.38 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 428.26 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3528 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0104 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 312.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0073 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Cyprus?
- Gross domestic product — value us$ in Cyprus was 36,333 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Cyprus?
- The highest recorded value was 36,333 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Cyprus?
- The lowest recorded value was 616.07 million USD in 1970.
- How does Cyprus rank for gross domestic product — value us$?
- Cyprus ranks 118th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Cyprus?
- Over the last ten years it is up 56.4%. 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$. 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).