Gross Fixed Capital Formation — Value US$ in Cyprus
Cyprus: Gross Fixed Capital Formation — Value US$ was 7,430 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Cyprus, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$ in Cyprus stood at 7,430 million USD.
The figure is up 2.6% on the previous year and up 138.4% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Cyprus peaked at 7,643 million USD in 2008 and was at its lowest, 193.45 million USD, in 1970.
That places Cyprus 119th out of 235 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$ in Cyprus, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 193.45 million USD | — |
| 1971 | 215.39 million USD | +11.3% |
| 1972 | 264.94 million USD | +23.0% |
| 1973 | 407.5 million USD | +53.8% |
| 1974 | 331.73 million USD | -18.6% |
| 1975 | 207.01 million USD | -37.6% |
| 1976 | 252.72 million USD | +22.1% |
| 1977 | 450.53 million USD | +78.3% |
| 1978 | 673.23 million USD | +49.4% |
| 1979 | 913.87 million USD | +35.7% |
| 1980 | 1,087 million USD | +18.9% |
| 1981 | 966.1 million USD | -11.1% |
| 1982 | 945.85 million USD | -2.1% |
| 1983 | 885.46 million USD | -6.4% |
| 1984 | 1,035 million USD | +16.8% |
| 1985 | 970.86 million USD | -6.2% |
| 1986 | 1,094 million USD | +12.6% |
| 1987 | 1,282 million USD | +17.2% |
| 1988 | 1,552 million USD | +21.1% |
| 1989 | 1,854 million USD | +19.4% |
| 1990 | 2,026 million USD | +9.3% |
| 1991 | 2,066 million USD | +2.0% |
| 1992 | 2,613 million USD | +26.5% |
| 1993 | 2,199 million USD | -15.8% |
| 1994 | 2,249 million USD | +2.3% |
| 1995 | 2,484 million USD | +10.4% |
| 1996 | 2,392 million USD | -3.7% |
| 1997 | 2,372 million USD | -0.8% |
| 1998 | 2,055 million USD | -13.4% |
| 1999 | 2,295 million USD | +11.7% |
| 2000 | 2,067 million USD | -10.0% |
| 2001 | 2,033 million USD | -1.6% |
| 2002 | 2,448 million USD | +20.4% |
| 2003 | 2,975 million USD | +21.5% |
| 2004 | 3,613 million USD | +21.4% |
| 2005 | 4,103 million USD | +13.6% |
| 2006 | 5,223 million USD | +27.3% |
| 2007 | 6,206 million USD | +18.8% |
| 2008 | 7,643 million USD | +23.2% |
| 2009 | 6,132 million USD | -19.8% |
| 2010 | 5,807 million USD | -5.3% |
| 2011 | 5,282 million USD | -9.0% |
| 2012 | 3,915 million USD | -25.9% |
| 2013 | 3,391 million USD | -13.4% |
| 2014 | 3,117 million USD | -8.1% |
| 2015 | 2,654 million USD | -14.8% |
| 2016 | 3,812 million USD | +43.6% |
| 2017 | 4,754 million USD | +24.7% |
| 2018 | 4,803 million USD | +1.0% |
| 2019 | 4,912 million USD | +2.3% |
| 2020 | 5,347 million USD | +8.8% |
| 2021 | 5,872 million USD | +9.8% |
| 2022 | 6,210 million USD | +5.8% |
| 2023 | 7,244 million USD | +16.7% |
| 2024 | 7,430 million USD | +2.6% |
Cyprus compared with similar countries
- Cyprus's 7,430 million USD is below the median for high income countries, which is 20,129 million USD, 37% of the median. (73 countries reporting)
- Cyprus's 7,430 million USD is below the median for Europe & Central Asia, which is 26,071 million USD, 28% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 391.04 million USD | 193.45 million USD | 913.87 million USD | 10 |
| 1980s | 1,167 million USD | 885.46 million USD | 1,854 million USD | 10 |
| 1990s | 2,275 million USD | 2,026 million USD | 2,613 million USD | 10 |
| 2000s | 4,244 million USD | 2,033 million USD | 7,643 million USD | 10 |
| 2010s | 4,245 million USD | 2,654 million USD | 5,807 million USD | 10 |
| 2020s | 6,421 million USD | 5,347 million USD | 7,430 million USD | 5 |
Countries ranked near Cyprus
- 116 Bolivia (Plurinational State of) 8,318 million USD compare
- 117 El Salvador 7,907 million USD compare
- 118 Tunisia 7,745 million USD compare
- 120 Georgia 7,391 million USD compare
- 121 Mozambique 7,222 million USD compare
- 122 Melanesia 7,131 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$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Cyprus?
- Gross fixed capital formation — value us$ in Cyprus was 7,430 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Cyprus?
- The highest recorded value was 7,643 million USD in 2008.
- What is the lowest gross fixed capital formation — value us$ recorded in Cyprus?
- The lowest recorded value was 193.45 million USD in 1970.
- How does Cyprus rank for gross fixed capital formation — value us$?
- Cyprus ranks 119th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Cyprus?
- Over the last ten years it is up 138.4%. 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 Fixed Capital Formation — 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).