Gross value added at basic prices (GVA) (current US$) in Cyprus
Cyprus: Gross value added at basic prices (GVA) (current US$) was 36.74 billion current US$ in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Cyprus, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Cyprus is 36.74 billion current US$, measured in 2025. That is the highest value across all 31 years on record.
That represents a change of up 10.0% on the previous year and up 110.7% over ten years.
Over the whole period, gross value added at basic prices (gva) in Cyprus peaked at 36.74 billion current US$ in 2025 and was at its lowest, 8.81 billion current US$, in 1997.
Cyprus ranks 103rd of 207 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross value added at basic prices (GVA) (current US$) in Cyprus, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 9.07 billion current US$ | — |
| 1996 | 9.18 billion current US$ | +1.3% |
| 1997 | 8.81 billion current US$ | -4.1% |
| 1998 | 9.52 billion current US$ | +8.1% |
| 1999 | 9.72 billion current US$ | +2.2% |
| 2000 | 9.10 billion current US$ | -6.4% |
| 2001 | 9.42 billion current US$ | +3.5% |
| 2002 | 10.29 billion current US$ | +9.3% |
| 2003 | 12.91 billion current US$ | +25.4% |
| 2004 | 15.24 billion current US$ | +18.1% |
| 2005 | 16.10 billion current US$ | +5.7% |
| 2006 | 17.48 billion current US$ | +8.6% |
| 2007 | 20.69 billion current US$ | +18.3% |
| 2008 | 24.14 billion current US$ | +16.7% |
| 2009 | 22.90 billion current US$ | -5.1% |
| 2010 | 22.75 billion current US$ | -0.7% |
| 2011 | 24.57 billion current US$ | +8.0% |
| 2012 | 22.22 billion current US$ | -9.6% |
| 2013 | 21.30 billion current US$ | -4.1% |
| 2014 | 20.36 billion current US$ | -4.4% |
| 2015 | 17.44 billion current US$ | -14.3% |
| 2016 | 18.43 billion current US$ | +5.7% |
| 2017 | 20.04 billion current US$ | +8.8% |
| 2018 | 22.47 billion current US$ | +12.1% |
| 2019 | 23.01 billion current US$ | +2.4% |
| 2020 | 22.80 billion current US$ | -0.9% |
| 2021 | 26.96 billion current US$ | +18.3% |
| 2022 | 27.70 billion current US$ | +2.7% |
| 2023 | 31.12 billion current US$ | +12.3% |
| 2024 | 33.41 billion current US$ | +7.4% |
| 2025 | 36.74 billion current US$ | +10.0% |
Cyprus compared with similar countries
- Cyprus's 36.74 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 33% of the median. (77 countries reporting)
- Cyprus's 36.74 billion current US$ is below the median for Europe & Central Asia, which is 89.25 billion current US$, 41% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.26 billion current US$ | 8.81 billion current US$ | 9.72 billion current US$ | 5 |
| 2000s | 15.83 billion current US$ | 9.10 billion current US$ | 24.14 billion current US$ | 10 |
| 2010s | 21.26 billion current US$ | 17.44 billion current US$ | 24.57 billion current US$ | 10 |
| 2020s | 29.79 billion current US$ | 22.80 billion current US$ | 36.74 billion current US$ | 6 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- Real gdp growth, annual growth rate -4.42 % change on previous year (2025)
- 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)
Frequently asked questions
- What is gross value added at basic prices (gva) in Cyprus?
- Gross value added at basic prices (gva) in Cyprus was 36.74 billion current US$ 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 36.74 billion current US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Cyprus?
- The lowest recorded value was 8.81 billion current US$ in 1997.
- How does Cyprus rank for gross value added at basic prices (gva)?
- Cyprus ranks 103rd out of 207 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 110.7%. The long-run trend across the full record is rising.
- 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) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.