Gross value added at basic prices (GVA) in Cyprus
Cyprus: Gross value added at basic prices (GVA) 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$, in 1997.
Cyprus ranks 103rd of 207 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross value added at basic prices (GVA) in Cyprus, year by year
| Year | current US$ | 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
- 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$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Cyprus?
- Gross value added at basic prices (gva) in Cyprus was 36.74 billion current US$ 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.