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 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
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
- External balance on goods and services as a percent of GDP 5.7% (2025)
- Inflation of consumer prices 0.1% (2025)
- GDP per capita 33,527 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.4% (2025)
- Gross domestic product (GDP) 33.08 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 33,527 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -338.90 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) -382.95 million current US$ (2025)
- Taxes less subsidies on products 3.97 billion current LCU (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 198 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.