Gross Fixed Capital Formation — Value Standard Local Currency in Cyprus
Cyprus: Gross Fixed Capital Formation — Value Standard Local Currency was 6,864 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Cyprus, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency in Cyprus is 6,864 million SLC, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 2.5% on the previous year and up 192.6% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Cyprus peaked at 6,864 million SLC in 2024 and was at its lowest, 130.49 million SLC, in 1975.
That places Cyprus 178th out of 230 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 Fixed Capital Formation — Value Standard Local Currency in Cyprus, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 137.72 million SLC | — |
| 1971 | 151.16 million SLC | +9.8% |
| 1972 | 173.63 million SLC | +14.9% |
| 1973 | 243.66 million SLC | +40.3% |
| 1974 | 206.71 million SLC | -15.2% |
| 1975 | 130.49 million SLC | -36.9% |
| 1976 | 177.25 million SLC | +35.8% |
| 1977 | 314.16 million SLC | +77.2% |
| 1978 | 429.64 million SLC | +36.8% |
| 1979 | 553.44 million SLC | +28.8% |
| 1980 | 655.56 million SLC | +18.5% |
| 1981 | 695.65 million SLC | +6.1% |
| 1982 | 768.26 million SLC | +10.4% |
| 1983 | 796.75 million SLC | +3.7% |
| 1984 | 1,040 million SLC | +30.5% |
| 1985 | 1,016 million SLC | -2.3% |
| 1986 | 968.21 million SLC | -4.7% |
| 1987 | 1,054 million SLC | +8.8% |
| 1988 | 1,237 million SLC | +17.4% |
| 1989 | 1,567 million SLC | +26.6% |
| 1990 | 1,586 million SLC | +1.2% |
| 1991 | 1,639 million SLC | +3.4% |
| 1992 | 2,007 million SLC | +22.4% |
| 1993 | 1,869 million SLC | -6.9% |
| 1994 | 1,891 million SLC | +1.2% |
| 1995 | 1,920 million SLC | +1.5% |
| 1996 | 1,906 million SLC | -0.7% |
| 1997 | 2,083 million SLC | +9.3% |
| 1998 | 1,818 million SLC | -12.7% |
| 1999 | 2,129 million SLC | +17.1% |
| 2000 | 2,198 million SLC | +3.2% |
| 2001 | 2,234 million SLC | +1.6% |
| 2002 | 2,554 million SLC | +14.4% |
| 2003 | 2,631 million SLC | +3.0% |
| 2004 | 2,892 million SLC | +10.0% |
| 2005 | 3,253 million SLC | +12.5% |
| 2006 | 4,095 million SLC | +25.9% |
| 2007 | 4,518 million SLC | +10.3% |
| 2008 | 5,197 million SLC | +15.0% |
| 2009 | 4,397 million SLC | -15.4% |
| 2010 | 4,380 million SLC | -0.4% |
| 2011 | 3,795 million SLC | -13.4% |
| 2012 | 3,047 million SLC | -19.7% |
| 2013 | 2,553 million SLC | -16.2% |
| 2014 | 2,346 million SLC | -8.1% |
| 2015 | 2,392 million SLC | +2.0% |
| 2016 | 3,443 million SLC | +44.0% |
| 2017 | 4,209 million SLC | +22.2% |
| 2018 | 4,067 million SLC | -3.4% |
| 2019 | 4,388 million SLC | +7.9% |
| 2020 | 4,681 million SLC | +6.7% |
| 2021 | 4,964 million SLC | +6.0% |
| 2022 | 5,897 million SLC | +18.8% |
| 2023 | 6,700 million SLC | +13.6% |
| 2024 | 6,864 million SLC | +2.5% |
Cyprus compared with similar countries
- Cyprus's 6,864 million SLC is below the median for high income countries, which is 36,467 million SLC, 19% of the median. (73 countries reporting)
- Cyprus's 6,864 million SLC is below the median for Europe & Central Asia, which is 116,713 million SLC, 6% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 251.79 million SLC | 130.49 million SLC | 553.44 million SLC | 10 |
| 1980s | 979.86 million SLC | 655.56 million SLC | 1,567 million SLC | 10 |
| 1990s | 1,885 million SLC | 1,586 million SLC | 2,129 million SLC | 10 |
| 2000s | 3,397 million SLC | 2,198 million SLC | 5,197 million SLC | 10 |
| 2010s | 3,462 million SLC | 2,346 million SLC | 4,388 million SLC | 10 |
| 2020s | 5,821 million SLC | 4,681 million SLC | 6,864 million SLC | 5 |
Countries ranked near Cyprus
- 175 El Salvador 7,907 million SLC compare
- 176 Greenland 7,114 million SLC compare
- 177 Yemen Ar Rp 6,959 million SLC compare
- 179 Jordan 5,938 million SLC compare
- 180 Brunei Darussalam 5,818 million SLC compare
- 180 Brunei 5,818 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)
- 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 fixed capital formation — value standard local currency in Cyprus?
- Gross fixed capital formation — value standard local currency in Cyprus was 6,864 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Cyprus?
- The highest recorded value was 6,864 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Cyprus?
- The lowest recorded value was 130.49 million SLC in 1975.
- How does Cyprus rank for gross fixed capital formation — value standard local currency?
- Cyprus ranks 178th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Cyprus?
- Over the last ten years it is up 192.6%. 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 Fixed Capital Formation — Value Standard Local Currency. 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).