Services, value added in Cyprus
Cyprus: Services, value added was 23.41 billion constant LCU in 2025. ◆ Volatile
Services, value added in Cyprus, 1975–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in Cyprus is 23.41 billion constant LCU, measured in 2025. That is the highest value across all 51 years on record.
That represents a change of up 3.8% on the previous year and up 67.8% over ten years.
Over the whole period, services, value added in Cyprus peaked at 23.41 billion constant LCU in 2025 and was at its lowest, 1.39 billion constant LCU, in 1975.
Cyprus ranks 149th of 199 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.
Services, value added in Cyprus, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1975 | 1.39 billion constant LCU | — |
| 1976 | 1.63 billion constant LCU | +17.7% |
| 1977 | 1.95 billion constant LCU | +19.2% |
| 1978 | 2.10 billion constant LCU | +7.6% |
| 1979 | 2.35 billion constant LCU | +11.9% |
| 1980 | 2.50 billion constant LCU | +6.4% |
| 1981 | 2.69 billion constant LCU | +7.6% |
| 1982 | 2.89 billion constant LCU | +7.4% |
| 1983 | 3.07 billion constant LCU | +6.3% |
| 1984 | 3.40 billion constant LCU | +11.0% |
| 1985 | 3.62 billion constant LCU | +6.3% |
| 1986 | 3.80 billion constant LCU | +5.0% |
| 1987 | 4.07 billion constant LCU | +7.1% |
| 1988 | 4.43 billion constant LCU | +8.9% |
| 1989 | 4.91 billion constant LCU | +10.8% |
| 1990 | 5.40 billion constant LCU | +10.0% |
| 1991 | 5.53 billion constant LCU | +2.4% |
| 1992 | 6.09 billion constant LCU | +10.1% |
| 1993 | 6.21 billion constant LCU | +2.0% |
| 1994 | 6.72 billion constant LCU | +8.1% |
| 1995 | 7.51 billion constant LCU | +11.8% |
| 1996 | 7.66 billion constant LCU | +2.0% |
| 1997 | 8.02 billion constant LCU | +4.7% |
| 1998 | 8.58 billion constant LCU | +6.9% |
| 1999 | 9.06 billion constant LCU | +5.7% |
| 2000 | 9.79 billion constant LCU | +8.0% |
| 2001 | 10.12 billion constant LCU | +3.4% |
| 2002 | 10.42 billion constant LCU | +3.0% |
| 2003 | 10.59 billion constant LCU | +1.6% |
| 2004 | 11.08 billion constant LCU | +4.7% |
| 2005 | 11.72 billion constant LCU | +5.7% |
| 2006 | 12.38 billion constant LCU | +5.6% |
| 2007 | 13.03 billion constant LCU | +5.2% |
| 2008 | 13.72 billion constant LCU | +5.3% |
| 2009 | 13.85 billion constant LCU | +1.0% |
| 2010 | 14.39 billion constant LCU | +3.9% |
| 2011 | 14.70 billion constant LCU | +2.1% |
| 2012 | 14.40 billion constant LCU | -2.0% |
| 2013 | 13.63 billion constant LCU | -5.3% |
| 2014 | 13.51 billion constant LCU | -0.9% |
| 2015 | 13.96 billion constant LCU | +3.3% |
| 2016 | 14.68 billion constant LCU | +5.2% |
| 2017 | 15.50 billion constant LCU | +5.6% |
| 2018 | 16.36 billion constant LCU | +5.6% |
| 2019 | 17.23 billion constant LCU | +5.3% |
| 2020 | 16.70 billion constant LCU | -3.1% |
| 2021 | 19.00 billion constant LCU | +13.8% |
| 2022 | 21.21 billion constant LCU | +11.6% |
| 2023 | 21.70 billion constant LCU | +2.3% |
| 2024 | 22.54 billion constant LCU | +3.9% |
| 2025 | 23.41 billion constant LCU | +3.8% |
Cyprus compared with similar countries
- Cyprus's 23.41 billion constant LCU is below the median for high income countries, which is 203.18 billion constant LCU, 12% of the median. (70 countries reporting)
- Cyprus's 23.41 billion constant LCU is below the median for Europe & Central Asia, which is 280.65 billion constant LCU, 8% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.88 billion constant LCU | 1.39 billion constant LCU | 2.35 billion constant LCU | 5 |
| 1980s | 3.54 billion constant LCU | 2.50 billion constant LCU | 4.91 billion constant LCU | 10 |
| 1990s | 7.08 billion constant LCU | 5.40 billion constant LCU | 9.06 billion constant LCU | 10 |
| 2000s | 11.67 billion constant LCU | 9.79 billion constant LCU | 13.85 billion constant LCU | 10 |
| 2010s | 14.84 billion constant LCU | 13.51 billion constant LCU | 17.23 billion constant LCU | 10 |
| 2020s | 20.76 billion constant LCU | 16.70 billion constant LCU | 23.41 billion constant LCU | 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 services, value added in Cyprus?
- Services, value added in Cyprus was 23.41 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Cyprus?
- The highest recorded value was 23.41 billion constant LCU in 2025.
- What is the lowest services, value added recorded in Cyprus?
- The lowest recorded value was 1.39 billion constant LCU in 1975.
- How does Cyprus rank for services, value added?
- Cyprus ranks 149th out of 199 countries with data for 2025.
- Is services, value added rising or falling in Cyprus?
- Over the last ten years it is up 67.8%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.