Gross Fixed Capital Formation — Value US$, 2015 prices in Cyprus
Cyprus: Gross Fixed Capital Formation — Value US$, 2015 prices was 6,366 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Cyprus, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Cyprus recorded 6,366 million USD for gross fixed capital formation — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
The figure is up 0.1% on the previous year and up 135.7% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Cyprus peaked at 6,366 million USD in 2024 and was at its lowest, 840.67 million USD, in 1975.
That places Cyprus 122nd out of 235 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices in Cyprus, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,833 million USD | — |
| 1971 | 1,854 million USD | +1.2% |
| 1972 | 1,936 million USD | +4.4% |
| 1973 | 1,906 million USD | -1.5% |
| 1974 | 1,346 million USD | -29.4% |
| 1975 | 840.67 million USD | -37.5% |
| 1976 | 1,043 million USD | +24.0% |
| 1977 | 1,713 million USD | +64.3% |
| 1978 | 2,080 million USD | +21.4% |
| 1979 | 2,419 million USD | +16.3% |
| 1980 | 2,546 million USD | +5.2% |
| 1981 | 2,381 million USD | -6.5% |
| 1982 | 2,471 million USD | +3.8% |
| 1983 | 2,417 million USD | -2.2% |
| 1984 | 2,938 million USD | +21.5% |
| 1985 | 2,711 million USD | -7.7% |
| 1986 | 2,519 million USD | -7.1% |
| 1987 | 2,645 million USD | +5.0% |
| 1988 | 2,925 million USD | +10.6% |
| 1989 | 3,511 million USD | +20.0% |
| 1990 | 3,414 million USD | -2.8% |
| 1991 | 3,384 million USD | -0.9% |
| 1992 | 3,976 million USD | +17.5% |
| 1993 | 3,485 million USD | -12.4% |
| 1994 | 3,317 million USD | -4.8% |
| 1995 | 3,298 million USD | -0.6% |
| 1996 | 3,160 million USD | -4.2% |
| 1997 | 3,292 million USD | +4.2% |
| 1998 | 2,793 million USD | -15.2% |
| 1999 | 3,208 million USD | +14.9% |
| 2000 | 3,175 million USD | -1.0% |
| 2001 | 3,175 million USD | +0.0% |
| 2002 | 3,538 million USD | +11.4% |
| 2003 | 3,606 million USD | +1.9% |
| 2004 | 3,814 million USD | +5.8% |
| 2005 | 4,061 million USD | +6.5% |
| 2006 | 4,909 million USD | +20.9% |
| 2007 | 5,278 million USD | +7.5% |
| 2008 | 5,723 million USD | +8.4% |
| 2009 | 4,943 million USD | -13.6% |
| 2010 | 4,872 million USD | -1.4% |
| 2011 | 4,301 million USD | -11.7% |
| 2012 | 3,462 million USD | -19.5% |
| 2013 | 2,917 million USD | -15.7% |
| 2014 | 2,701 million USD | -7.4% |
| 2015 | 2,654 million USD | -1.8% |
| 2016 | 3,967 million USD | +49.5% |
| 2017 | 4,808 million USD | +21.2% |
| 2018 | 4,553 million USD | -5.3% |
| 2019 | 4,866 million USD | +6.9% |
| 2020 | 5,156 million USD | +6.0% |
| 2021 | 5,253 million USD | +1.9% |
| 2022 | 5,724 million USD | +9.0% |
| 2023 | 6,360 million USD | +11.1% |
| 2024 | 6,366 million USD | +0.1% |
Cyprus compared with similar countries
- Cyprus's 6,366 million USD is below the median for high income countries, which is 13,942 million USD, 46% of the median. (73 countries reporting)
- Cyprus's 6,366 million USD is below the median for Europe & Central Asia, which is 18,064 million USD, 35% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,697 million USD | 840.67 million USD | 2,419 million USD | 10 |
| 1980s | 2,707 million USD | 2,381 million USD | 3,511 million USD | 10 |
| 1990s | 3,333 million USD | 2,793 million USD | 3,976 million USD | 10 |
| 2000s | 4,222 million USD | 3,175 million USD | 5,723 million USD | 10 |
| 2010s | 3,910 million USD | 2,654 million USD | 4,872 million USD | 10 |
| 2020s | 5,772 million USD | 5,156 million USD | 6,366 million USD | 5 |
Countries ranked near Cyprus
- 119 Melanesia 6,546 million USD compare
- 120 Lao People's Democratic Republic 6,487 million USD compare
- 120 Laos 6,487 million USD compare
- 123 El Salvador 6,219 million USD compare
- 124 China, Macao SAR 5,988 million USD compare
- 125 Mongolia 5,939 million USD 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$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Cyprus?
- Gross fixed capital formation — value us$, 2015 prices in Cyprus was 6,366 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Cyprus?
- The highest recorded value was 6,366 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Cyprus?
- The lowest recorded value was 840.67 million USD in 1975.
- How does Cyprus rank for gross fixed capital formation — value us$, 2015 prices?
- Cyprus ranks 122nd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Cyprus?
- Over the last ten years it is up 135.7%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 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).