Gross value added at basic prices (GVA) (constant LCU) in Cyprus
Cyprus: Gross value added at basic prices (GVA) (constant LCU) was 26.92 billion constant LCU in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Cyprus, 1975–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Cyprus is 26.92 billion constant LCU, measured in 2025. That is the highest value across all 51 years on record.
The figure is up 3.8% on the previous year and up 66.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Cyprus peaked at 26.92 billion constant LCU in 2025 and was at its lowest, 2.41 billion constant LCU, in 1975.
Cyprus ranks 152nd of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant LCU) in Cyprus, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1975 | 2.41 billion constant LCU | — |
| 1976 | 2.92 billion constant LCU | +21.1% |
| 1977 | 3.47 billion constant LCU | +19.1% |
| 1978 | 3.75 billion constant LCU | +7.9% |
| 1979 | 4.15 billion constant LCU | +10.7% |
| 1980 | 4.39 billion constant LCU | +5.8% |
| 1981 | 4.52 billion constant LCU | +3.0% |
| 1982 | 4.75 billion constant LCU | +5.1% |
| 1983 | 4.95 billion constant LCU | +4.3% |
| 1984 | 5.39 billion constant LCU | +8.9% |
| 1985 | 5.63 billion constant LCU | +4.4% |
| 1986 | 5.83 billion constant LCU | +3.6% |
| 1987 | 6.23 billion constant LCU | +6.8% |
| 1988 | 6.74 billion constant LCU | +8.2% |
| 1989 | 7.31 billion constant LCU | +8.4% |
| 1990 | 7.90 billion constant LCU | +8.0% |
| 1991 | 8.01 billion constant LCU | +1.4% |
| 1992 | 8.75 billion constant LCU | +9.2% |
| 1993 | 8.80 billion constant LCU | +0.7% |
| 1994 | 9.31 billion constant LCU | +5.7% |
| 1995 | 10.29 billion constant LCU | +10.5% |
| 1996 | 10.42 billion constant LCU | +1.2% |
| 1997 | 10.69 billion constant LCU | +2.6% |
| 1998 | 11.34 billion constant LCU | +6.1% |
| 1999 | 11.91 billion constant LCU | +5.0% |
| 2000 | 12.62 billion constant LCU | +6.0% |
| 2001 | 13.12 billion constant LCU | +4.0% |
| 2002 | 13.61 billion constant LCU | +3.7% |
| 2003 | 13.97 billion constant LCU | +2.6% |
| 2004 | 14.67 billion constant LCU | +5.0% |
| 2005 | 15.38 billion constant LCU | +4.9% |
| 2006 | 16.10 billion constant LCU | +4.7% |
| 2007 | 16.93 billion constant LCU | +5.1% |
| 2008 | 17.54 billion constant LCU | +3.6% |
| 2009 | 17.19 billion constant LCU | -2.0% |
| 2010 | 17.59 billion constant LCU | +2.3% |
| 2011 | 17.66 billion constant LCU | +0.4% |
| 2012 | 17.05 billion constant LCU | -3.4% |
| 2013 | 15.93 billion constant LCU | -6.6% |
| 2014 | 15.65 billion constant LCU | -1.8% |
| 2015 | 16.16 billion constant LCU | +3.3% |
| 2016 | 17.22 billion constant LCU | +6.6% |
| 2017 | 18.21 billion constant LCU | +5.8% |
| 2018 | 19.38 billion constant LCU | +6.4% |
| 2019 | 20.55 billion constant LCU | +6.1% |
| 2020 | 19.91 billion constant LCU | -3.1% |
| 2021 | 22.17 billion constant LCU | +11.4% |
| 2022 | 24.09 billion constant LCU | +8.6% |
| 2023 | 24.96 billion constant LCU | +3.6% |
| 2024 | 25.94 billion constant LCU | +3.9% |
| 2025 | 26.92 billion constant LCU | +3.8% |
Cyprus compared with similar countries
- Cyprus's 26.92 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 10% of the median. (70 countries reporting)
- Cyprus's 26.92 billion constant LCU is below the median for Europe & Central Asia, which is 405.98 billion constant LCU, 7% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.34 billion constant LCU | 2.41 billion constant LCU | 4.15 billion constant LCU | 5 |
| 1980s | 5.57 billion constant LCU | 4.39 billion constant LCU | 7.31 billion constant LCU | 10 |
| 1990s | 9.74 billion constant LCU | 7.90 billion constant LCU | 11.91 billion constant LCU | 10 |
| 2000s | 15.11 billion constant LCU | 12.62 billion constant LCU | 17.54 billion constant LCU | 10 |
| 2010s | 17.54 billion constant LCU | 15.65 billion constant LCU | 20.55 billion constant LCU | 10 |
| 2020s | 24.00 billion constant LCU | 19.91 billion constant LCU | 26.92 billion constant LCU | 6 |
Countries ranked near Cyprus
- 149 Bosnia and Herzegovina 36.41 billion constant LCU compare
- 150 Azerbaijan 31.02 billion constant LCU compare
- 151 Latvia 28.06 billion constant LCU compare
- 153 El Salvador 26.26 billion constant LCU compare
- 154 Estonia 25.22 billion constant LCU compare
- 155 Seychelles 23.79 billion constant LCU 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 value added at basic prices (gva) in Cyprus?
- Gross value added at basic prices (gva) in Cyprus was 26.92 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Cyprus?
- The highest recorded value was 26.92 billion constant LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Cyprus?
- The lowest recorded value was 2.41 billion constant LCU in 1975.
- How does Cyprus rank for gross value added at basic prices (gva)?
- Cyprus ranks 152nd out of 198 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Cyprus?
- Over the last ten years it is up 66.6%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.