Volume of remittances (in United States dollars) as a proportion of in Cyprus
Cyprus: Volume of remittances (in United States dollars) as a proportion of was 1.8% in 2024. ◆ Volatile
Volume of remittances (in United States dollars) as a proportion of in Cyprus, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Cyprus recorded 1.8% for volume of remittances (in united states dollars) as a proportion of in 2024.
The figure is down 0.4% on the previous year and up 29.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Cyprus peaked at 3.4% in 2008 and was at its lowest, 0.2%, in 2002.
Cyprus ranks 114th of 203 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.
Volume of remittances (in United States dollars) as a proportion of in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.5% | — |
| 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% | +474.3% |
| 2009 | 2.3% | -33.1% |
| 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% |
Cyprus compared with similar countries
- Cyprus's 1.8% is above the median for high income countries, which is 0.7%, 2.4× the median. (66 countries reporting)
- Cyprus's 1.8% is above the median for Europe & Central Asia, which is 1.5%, 1.2× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +474.3% | 0.6% | 3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9% | 0.2% | 3.4% | 10 |
| 2010s | 2.1% | 1.4% | 3.3% | 10 |
| 2020s | 1.9% | 1.7% | 2.2% | 5 |
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 volume of remittances (in united states dollars) as a proportion of in Cyprus?
- Volume of remittances (in united states dollars) as a proportion of in Cyprus was 1.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Cyprus?
- The highest recorded value was 3.4% in 2008.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Cyprus?
- The lowest recorded value was 0.2% in 2002.
- How does Cyprus rank for volume of remittances (in united states dollars) as a proportion of?
- Cyprus ranks 114th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Cyprus?
- Over the last ten years it is up 29.3%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
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