Machinery and transport equipment in Cyprus
Cyprus: Machinery and transport equipment was 13.8% in 2023. ◆ Volatile
Machinery and transport equipment in Cyprus, 1963–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
The most recent figure for machinery and transport equipment in Cyprus is 13.8%, measured in 2023.
That represents a change of down 4.2% on the previous year and up 50.8% over ten years.
Over the whole period, machinery and transport equipment in Cyprus peaked at 14.9% in 2021 and was at its lowest, 3.0%, in 1975.
Cyprus ranks 59th of 149 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Machinery and transport equipment in Cyprus, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1963 | 3.6% | — |
| 1964 | 3.2% | -11.3% |
| 1965 | 4.0% | +25.1% |
| 1966 | 4.2% | +4.3% |
| 1967 | 4.0% | -5.9% |
| 1968 | 4.1% | +3.6% |
| 1969 | 3.9% | -5.0% |
| 1970 | 4.2% | +7.0% |
| 1971 | 4.5% | +8.1% |
| 1972 | 4.2% | -7.9% |
| 1973 | 4.3% | +2.2% |
| 1974 | 3.4% | -20.1% |
| 1975 | 3.0% | -11.8% |
| 1976 | 4.1% | +37.9% |
| 1977 | 4.6% | +12.6% |
| 1978 | 5.6% | +20.0% |
| 1979 | 5.2% | -7.2% |
| 1980 | 4.9% | -5.8% |
| 1981 | 4.9% | +0.9% |
| 1982 | 4.5% | -8.8% |
| 1983 | 4.2% | -7.3% |
| 1984 | 4.2% | +0.8% |
| 1985 | 4.2% | -0.3% |
| 1986 | 3.9% | -7.2% |
| 1987 | 3.8% | -2.8% |
| 1988 | 4.1% | +8.8% |
| 1989 | 4.1% | +0.8% |
| 1990 | 4.1% | -0.3% |
| 1991 | 4.3% | +3.0% |
| 1992 | 3.9% | -7.7% |
| 1993 | 4.0% | +0.7% |
| 1994 | 4.0% | +1.4% |
| 1995 | 3.9% | -1.5% |
| 1996 | 3.8% | -4.1% |
| 1997 | 3.5% | -6.3% |
| 1998 | 3.6% | +2.1% |
| 1999 | 3.5% | -2.3% |
| 2000 | 3.5% | -0.4% |
| 2001 | 3.8% | +7.7% |
| 2002 | 3.9% | +3.5% |
| 2003 | 3.7% | -6.3% |
| 2004 | 3.5% | -5.2% |
| 2005 | 3.3% | -5.4% |
| 2006 | 3.7% | +13.2% |
| 2007 | 3.9% | +4.4% |
| 2008 | 3.9% | +0.2% |
| 2009 | 4.5% | +13.9% |
| 2010 | 6.8% | +53.0% |
| 2011 | 7.2% | +5.3% |
| 2012 | 7.8% | +8.9% |
| 2013 | 9.2% | +17.2% |
| 2014 | 10.9% | +18.8% |
| 2015 | 13.0% | +19.2% |
| 2016 | 11.4% | -12.0% |
| 2017 | 13.5% | +18.6% |
| 2018 | 14.6% | +8.0% |
| 2019 | 14.8% | +1.6% |
| 2020 | 13.3% | -10.2% |
| 2021 | 14.9% | +12.0% |
| 2022 | 14.4% | -3.5% |
| 2023 | 13.8% | -4.2% |
Cyprus compared with similar countries
- Cyprus's 13.8% is below the median for high income countries, which is 20.4%, 68% of the median. (56 countries reporting)
- Cyprus's 13.8% is below the median for Europe & Central Asia, which is 18.9%, 73% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.9% | 3.2% | 4.2% | 7 |
| 1970s | 4.3% | 3.0% | 5.6% | 10 |
| 1980s | 4.3% | 3.8% | 4.9% | 10 |
| 1990s | 3.9% | 3.5% | 4.3% | 10 |
| 2000s | 3.8% | 3.3% | 4.5% | 10 |
| 2010s | 10.9% | 6.8% | 14.8% | 10 |
| 2020s | 14.1% | 13.3% | 14.9% | 4 |
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 machinery and transport equipment in Cyprus?
- Machinery and transport equipment in Cyprus was 13.8% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Cyprus?
- The highest recorded value was 14.9% in 2021.
- What is the lowest machinery and transport equipment recorded in Cyprus?
- The lowest recorded value was 3.0% in 1975.
- How does Cyprus rank for machinery and transport equipment?
- Cyprus ranks 59th out of 149 countries with data for 2023.
- Is machinery and transport equipment rising or falling in Cyprus?
- Over the last ten years it is up 50.8%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).