Personal remittances, received in Cyprus
Cyprus: Personal remittances, received was 2.0% in 2025. ◆ Volatile
Personal remittances, received in Cyprus, 1976–2025
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Cyprus recorded 2.0% for personal remittances, received in 2025.
Compared with earlier readings it is up 13.8% on the previous year and up 29.9% over ten years.
Over the whole period, personal remittances, received in Cyprus peaked at 7.1% in 1978 and was at its lowest, 0.2%, in 2002.
That places Cyprus 105th out of 195 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Cyprus, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 5.5% | — |
| 1977 | 6.9% | +26.2% |
| 1978 | 7.1% | +2.5% |
| 1979 | 5.9% | -16.6% |
| 1980 | 4.4% | -26.4% |
| 1981 | 4.0% | -8.9% |
| 1982 | 3.7% | -7.2% |
| 1983 | 3.6% | -1.9% |
| 1984 | 3.2% | -10.8% |
| 1985 | 2.9% | -8.9% |
| 1986 | 1.8% | -37.2% |
| 1987 | 1.7% | -6.8% |
| 1988 | 1.7% | -3.2% |
| 1989 | 1.5% | -9.4% |
| 1990 | 1.4% | -7.0% |
| 1991 | 1.1% | -19.0% |
| 1992 | 1.2% | +3.2% |
| 1993 | 1.2% | +2.6% |
| 1994 | 1.1% | -9.2% |
| 1995 | 0.5% | -55.3% |
| 1996 | 0.5% | +0.6% |
| 1997 | 0.5% | +1.4% |
| 1998 | 0.5% | -5.7% |
| 1999 | 0.5% | +0.6% |
| 2000 | 0.5% | -4.9% |
| 2001 | 0.7% | +66.2% |
| 2002 | 0.2% | -75.8% |
| 2003 | 0.2% | +20.9% |
| 2004 | 0.4% | +104.3% |
| 2005 | 0.6% | +27.3% |
| 2006 | 0.5% | -8.4% |
| 2007 | 0.6% | +13.9% |
| 2008 | 3.4% | +472.0% |
| 2009 | 2.3% | -32.9% |
| 2010 | 3.3% | +46.6% |
| 2011 | 2.7% | -19.8% |
| 2012 | 2.4% | -10.4% |
| 2013 | 1.8% | -25.0% |
| 2014 | 1.4% | -22.7% |
| 2015 | 1.6% | +13.3% |
| 2016 | 1.8% | +16.7% |
| 2017 | 2.0% | +10.1% |
| 2018 | 2.0% | -0.0% |
| 2019 | 2.0% | +1.0% |
| 2020 | 2.2% | +8.7% |
| 2021 | 2.1% | -7.0% |
| 2022 | 1.7% | -18.9% |
| 2023 | 1.8% | +7.9% |
| 2024 | 1.8% | -0.4% |
| 2025 | 2.0% | +13.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.4% | 5.5% | 7.1% | 4 |
| 1980s | 2.9% | 1.5% | 4.4% | 10 |
| 1990s | 0.8% | 0.5% | 1.4% | 10 |
| 2000s | 0.9% | 0.2% | 3.4% | 10 |
| 2010s | 2.1% | 1.4% | 3.3% | 10 |
| 2020s | 1.9% | 1.7% | 2.2% | 6 |
Countries ranked near Cyprus
- 102 Bulgaria 2.1% compare
- 103 Thailand 2.1% compare
- 104 Slovakia 2.1% compare
- 106 Côte d'Ivoire 2.0% compare
- 107 Azerbaijan 2.0% compare
- 108 Bolivia, Plurinational State of 2.0% 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)
- Manufacturing, value added (constant LCU), per capita 961.96 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 9.66 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1115 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 3,353 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 5.04 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.0987 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 2,967 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 3.59 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Cyprus?
- Personal remittances, received in Cyprus was 2.0% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Cyprus?
- The highest recorded value was 7.1% in 1978.
- What is the lowest personal remittances, received recorded in Cyprus?
- The lowest recorded value was 0.2% in 2002.
- How does Cyprus rank for personal remittances, received?
- Cyprus ranks 105th out of 195 countries with data for 2025.
- Is personal remittances, received rising or falling in Cyprus?
- Over the last ten years it is up 29.9%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.