Services, value added (current US$) in Cyprus
Cyprus: Services, value added (current US$) was 31.68 billion current US$ in 2025. ▲ Rising
Services, value added in Cyprus, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, services, value added in Cyprus stood at 31.68 billion current US$. That is the highest value across all 31 years on record.
The figure is up 10.1% on the previous year and up 110.7% over ten years.
Over the whole period, services, value added in Cyprus peaked at 31.68 billion current US$ in 2025 and was at its lowest, 6.56 billion current US$, in 1997.
That places Cyprus 89th out of 206 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Services, value added (current US$) in Cyprus, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 6.60 billion current US$ | — |
| 1996 | 6.71 billion current US$ | +1.6% |
| 1997 | 6.56 billion current US$ | -2.2% |
| 1998 | 7.10 billion current US$ | +8.3% |
| 1999 | 7.37 billion current US$ | +3.8% |
| 2000 | 6.97 billion current US$ | -5.5% |
| 2001 | 7.21 billion current US$ | +3.5% |
| 2002 | 7.81 billion current US$ | +8.4% |
| 2003 | 9.80 billion current US$ | +25.4% |
| 2004 | 11.57 billion current US$ | +18.1% |
| 2005 | 12.30 billion current US$ | +6.3% |
| 2006 | 13.45 billion current US$ | +9.3% |
| 2007 | 15.84 billion current US$ | +17.8% |
| 2008 | 18.56 billion current US$ | +17.1% |
| 2009 | 18.23 billion current US$ | -1.8% |
| 2010 | 18.48 billion current US$ | +1.4% |
| 2011 | 20.45 billion current US$ | +10.6% |
| 2012 | 18.77 billion current US$ | -8.2% |
| 2013 | 18.24 billion current US$ | -2.9% |
| 2014 | 17.61 billion current US$ | -3.4% |
| 2015 | 15.04 billion current US$ | -14.6% |
| 2016 | 15.69 billion current US$ | +4.4% |
| 2017 | 17.01 billion current US$ | +8.4% |
| 2018 | 18.93 billion current US$ | +11.3% |
| 2019 | 19.20 billion current US$ | +1.4% |
| 2020 | 19.05 billion current US$ | -0.8% |
| 2021 | 23.02 billion current US$ | +20.8% |
| 2022 | 24.09 billion current US$ | +4.6% |
| 2023 | 26.74 billion current US$ | +11.0% |
| 2024 | 28.78 billion current US$ | +7.7% |
| 2025 | 31.68 billion current US$ | +10.1% |
Cyprus compared with similar countries
- Cyprus's 31.68 billion current US$ is below the median for high income countries, which is 71.23 billion current US$, 44% of the median. (77 countries reporting)
- Cyprus's 31.68 billion current US$ is below the median for Europe & Central Asia, which is 66.18 billion current US$, 48% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.87 billion current US$ | 6.56 billion current US$ | 7.37 billion current US$ | 5 |
| 2000s | 12.17 billion current US$ | 6.97 billion current US$ | 18.56 billion current US$ | 10 |
| 2010s | 17.94 billion current US$ | 15.04 billion current US$ | 20.45 billion current US$ | 10 |
| 2020s | 25.56 billion current US$ | 19.05 billion current US$ | 31.68 billion current US$ | 6 |
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 services, value added in Cyprus?
- Services, value added in Cyprus was 31.68 billion current US$ 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 31.68 billion current US$ in 2025.
- What is the lowest services, value added recorded in Cyprus?
- The lowest recorded value was 6.56 billion current US$ in 1997.
- How does Cyprus rank for services, value added?
- Cyprus ranks 89th out of 206 countries with data for 2025.
- Is services, value added rising or falling in Cyprus?
- Over the last ten years it is up 110.7%. The long-run trend across the full record is rising.
- 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.