Trade in services (% of GDP) in Cyprus
Cyprus: Trade in services (% of GDP) was 148.0% in 2025. ▲ Rising
Trade in services in Cyprus, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, trade in services in Cyprus stood at 148.0%.
The figure is up 0.8% on the previous year and up 70.0% over ten years.
Over the whole period, trade in services in Cyprus peaked at 151.9% in 2022 and was at its lowest, 34.8%, in 1980.
That places Cyprus 4th out of 200 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 50 years of available data.
Trade in services (% of GDP) in Cyprus, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 49.9% | — |
| 1977 | 47.6% | -4.5% |
| 1978 | 44.4% | -6.8% |
| 1979 | 46.4% | +4.5% |
| 1980 | 34.8% | -25.0% |
| 1981 | 38.3% | +10.2% |
| 1982 | 40.4% | +5.3% |
| 1983 | 42.4% | +4.9% |
| 1984 | 44.0% | +3.8% |
| 1985 | 42.8% | -2.7% |
| 1986 | 41.8% | -2.2% |
| 1987 | 44.0% | +5.1% |
| 1988 | 44.7% | +1.7% |
| 1989 | 47.7% | +6.7% |
| 1990 | 47.9% | +0.4% |
| 1991 | 44.8% | -6.4% |
| 1992 | 49.3% | +9.9% |
| 1993 | 47.0% | -4.5% |
| 1994 | 47.3% | +0.5% |
| 1995 | 47.2% | -0.1% |
| 1996 | 47.1% | -0.2% |
| 1997 | 49.3% | +4.6% |
| 1998 | 49.7% | +0.8% |
| 1999 | 52.5% | +5.6% |
| 2000 | 56.6% | +7.9% |
| 2001 | 57.3% | +1.2% |
| 2002 | 53.8% | -6.1% |
| 2003 | 50.8% | -5.5% |
| 2004 | 49.0% | -3.6% |
| 2005 | 47.3% | -3.5% |
| 2006 | 47.6% | +0.7% |
| 2007 | 50.4% | +5.8% |
| 2008 | 58.8% | +16.8% |
| 2009 | 55.1% | -6.3% |
| 2010 | 57.1% | +3.7% |
| 2011 | 58.8% | +2.8% |
| 2012 | 61.7% | +4.9% |
| 2013 | 73.2% | +18.8% |
| 2014 | 81.3% | +11.0% |
| 2015 | 87.1% | +7.1% |
| 2016 | 89.7% | +3.0% |
| 2017 | 96.7% | +7.8% |
| 2018 | 92.7% | -4.2% |
| 2019 | 104.3% | +12.5% |
| 2020 | 115.5% | +10.7% |
| 2021 | 130.5% | +13.0% |
| 2022 | 151.9% | +16.5% |
| 2023 | 140.8% | -7.3% |
| 2024 | 146.8% | +4.3% |
| 2025 | 148.0% | +0.8% |
Cyprus compared with similar countries
- Cyprus's 148.0% is above the median for high income countries, which is 32.3%, 4.6× the median. (72 countries reporting)
- Cyprus's 148.0% is above the median for Europe & Central Asia, which is 31.1%, 4.8× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 47.1% | 44.4% | 49.9% | 4 |
| 1980s | 42.1% | 34.8% | 47.7% | 10 |
| 1990s | 48.2% | 44.8% | 52.5% | 10 |
| 2000s | 52.7% | 47.3% | 58.8% | 10 |
| 2010s | 80.3% | 57.1% | 104.3% | 10 |
| 2020s | 138.9% | 115.5% | 151.9% | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0073 units per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Cyprus?
- Trade in services in Cyprus was 148.0% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Cyprus?
- The highest recorded value was 151.9% in 2022.
- What is the lowest trade in services recorded in Cyprus?
- The lowest recorded value was 34.8% in 1980.
- How does Cyprus rank for trade in services?
- Cyprus ranks 4th out of 200 countries with data for 2025.
- Is trade in services rising or falling in Cyprus?
- Over the last ten years it is up 70.0%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.