Gross value added at basic prices by NUTS 3 region in Cyprus
Cyprus: Gross value added at basic prices by NUTS 3 region was 30,865 Current prices, million euro in 2024. ▲ Rising
Latest (2024)
30,865 Current prices, million euro
Change on year
up 7.3%
World rank
38th
of 46 countries
All-time high
30,865 Current prices, million euro
in 2024
All-time low
9,845 Current prices, million euro
in 2000
Years of data
25
2000–2024
Gross value added at basic prices by NUTS 3 region in Cyprus, 2000–2024
Source: Eurostat. Measured in Current prices, million euro.
Analysis
The most recent figure for gross value added at basic prices by nuts 3 region in Cyprus is 30,865 Current prices, million euro, measured in 2024. That is the highest value across all 25 years on record.
That represents a change of up 7.3% on the previous year and up 101.4% over ten years.
Over the whole period, gross value added at basic prices by nuts 3 region in Cyprus peaked at 30,865 Current prices, million euro in 2024 and was at its lowest, 9,845 Current prices, million euro, in 2000.
That places Cyprus 38th out of 46 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Gross value added at basic prices by NUTS 3 region in Cyprus, year by year
| Year | Current prices, million euro | Change |
|---|---|---|
| 2000 | 9,845 Current prices, million euro | — |
| 2001 | 10,511 Current prices, million euro | +6.8% |
| 2002 | 10,889 Current prices, million euro | +3.6% |
| 2003 | 11,420 Current prices, million euro | +4.9% |
| 2004 | 12,262 Current prices, million euro | +7.4% |
| 2005 | 13,139 Current prices, million euro | +7.2% |
| 2006 | 14,166 Current prices, million euro | +7.8% |
| 2007 | 15,185 Current prices, million euro | +7.2% |
| 2008 | 16,416 Current prices, million euro | +8.1% |
| 2009 | 16,420 Current prices, million euro | +0.0% |
| 2010 | 17,160 Current prices, million euro | +4.5% |
| 2011 | 17,649 Current prices, million euro | +2.8% |
| 2012 | 17,294 Current prices, million euro | -2.0% |
| 2013 | 16,038 Current prices, million euro | -7.3% |
| 2014 | 15,323 Current prices, million euro | -4.5% |
| 2015 | 15,715 Current prices, million euro | +2.6% |
| 2016 | 16,646 Current prices, million euro | +5.9% |
| 2017 | 17,740 Current prices, million euro | +6.6% |
| 2018 | 19,025 Current prices, million euro | +7.2% |
| 2019 | 20,551 Current prices, million euro | +8.0% |
| 2020 | 19,959 Current prices, million euro | -2.9% |
| 2021 | 22,797 Current prices, million euro | +14.2% |
| 2022 | 26,301 Current prices, million euro | +15.4% |
| 2023 | 28,777 Current prices, million euro | +9.4% |
| 2024 | 30,865 Current prices, million euro | +7.3% |
Cyprus compared with similar countries
- Cyprus's 30,865 Current prices, million euro is below the median for Europe & Central Asia, which is 246,571 Current prices, million euro, 13% of the median. (32 countries reporting)
- Cyprus's 30,865 Current prices, million euro is below the median for high income countries, which is 292,822 Current prices, million euro, 11% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13,025 Current prices, million euro | 9,845 Current prices, million euro | 16,420 Current prices, million euro | 10 |
| 2010s | 17,314 Current prices, million euro | 15,323 Current prices, million euro | 20,551 Current prices, million euro | 10 |
| 2020s | 25,740 Current prices, million euro | 19,959 Current prices, million euro | 30,865 Current prices, million euro | 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)
- 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 value added at basic prices by nuts 3 region in Cyprus?
- Gross value added at basic prices by nuts 3 region in Cyprus was 30,865 Current prices, million euro in 2024, according to Eurostat.
- What is the highest gross value added at basic prices by nuts 3 region recorded in Cyprus?
- The highest recorded value was 30,865 Current prices, million euro in 2024.
- What is the lowest gross value added at basic prices by nuts 3 region recorded in Cyprus?
- The lowest recorded value was 9,845 Current prices, million euro in 2000.
- How does Cyprus rank for gross value added at basic prices by nuts 3 region?
- Cyprus ranks 38th out of 46 countries with data for 2024.
- Is gross value added at basic prices by nuts 3 region rising or falling in Cyprus?
- Over the last ten years it is up 101.4%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Eurostat, published as part of Gross value added at basic prices by NUTS 3 region. Statizoid updates them automatically from the source API.
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