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Cyprus Full Year GDP GrowthCC

Cyprus Full Year GDP Growth

3.43%R
+0.82
%
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CYFYGDPG chart



Key data points


Last release
—
Observation period
2024
Next release
—
Forecast
—
Highest
9.91 % on Dec 31, 2021
Lowest
−6.59 % on Dec 31, 2013

About Cyprus Full Year GDP Growth


Category
GDP
Source
Statistical Service
Frequency
Annual
Units
%
Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Industry accounts for only 10 percent and agriculture for 2 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP.

Cyprus in figures — see more economic indicators tied to CYFYGDPG.
Full Year GDP Growth
R
CYFYGDPG
3.43%
GDP
R
CYGDP
36.33 BUSD
GDP From Agriculture
R
CYGDPA
80.21 MEUR
GDP From Construction
R
CYGDPC
324.94 MEUR
Real GDP
R
CYGDPCP
7.34 BEUR
GDP From Manufacturing
R
CYGDPMAN
296.05 MEUR
GDP From Mining
R
CYGDPMIN
408.13 MEUR
GDP From Public Administration
R
CYGDPPA
1.15 BEUR
GDP Per Capita
R
CYGDPPC
33 KUSD
GDP Per Capita PPP
R
CYGDPPCP
53.25 KUSD
GDP Growth Rate
R
CYGDPQQ
0.5%
GDP From Services
R
CYGDPS
1.53 BEUR
GDP Growth
R
CYGDPYY
3.3%
Gross Fixed Capital Formation
R
CYGFCF
1.47 BEUR
Gross National Product
R
CYGNP
29.96 BEUR