Merchandise trade as a proportion of GDP (%) in Cyprus
Cyprus: Merchandise trade as a proportion of GDP (%) was 47.1% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Cyprus, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Cyprus recorded 47.1% for merchandise trade as a proportion of gdp in 2024.
The figure is down 13.7% on the previous year and down 1.9% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Cyprus peaked at 61.6% in 2018 and was at its lowest, 34.8%, in 2013.
That places Cyprus 130th out of 220 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 48.0% | — |
| 2001 | 47.1% | -1.9% |
| 2002 | 43.2% | -8.4% |
| 2003 | 37.0% | -14.2% |
| 2004 | 37.2% | +0.5% |
| 2005 | 42.2% | +13.4% |
| 2006 | 41.2% | -2.5% |
| 2007 | 41.8% | +1.5% |
| 2008 | 44.1% | +5.6% |
| 2009 | 34.9% | -20.8% |
| 2010 | 38.6% | +10.7% |
| 2011 | 38.0% | -1.7% |
| 2012 | 36.1% | -5.0% |
| 2013 | 34.8% | -3.6% |
| 2014 | 48.0% | +38.1% |
| 2015 | 51.8% | +7.9% |
| 2016 | 51.3% | -1.0% |
| 2017 | 54.6% | +6.4% |
| 2018 | 61.6% | +12.9% |
| 2019 | 48.0% | -22.1% |
| 2020 | 46.3% | -3.6% |
| 2021 | 47.3% | +2.2% |
| 2022 | 53.6% | +13.3% |
| 2023 | 54.6% | +1.9% |
| 2024 | 47.1% | -13.7% |
Cyprus compared with similar countries
- Cyprus's 47.1% is below the median for high income countries, which is 56.9%, 83% of the median. (73 countries reporting)
- Cyprus's 47.1% is below the median for Europe & Central Asia, which is 63.9%, 74% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 41.7% | 34.9% | 48.0% | 10 |
| 2010s | 46.3% | 34.8% | 61.6% | 10 |
| 2020s | 49.8% | 46.3% | 54.6% | 5 |
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 merchandise trade as a proportion of gdp in Cyprus?
- Merchandise trade as a proportion of gdp in Cyprus was 47.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Cyprus?
- The highest recorded value was 61.6% in 2018.
- What is the lowest merchandise trade as a proportion of gdp recorded in Cyprus?
- The lowest recorded value was 34.8% in 2013.
- How does Cyprus rank for merchandise trade as a proportion of gdp?
- Cyprus ranks 130th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Cyprus?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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