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Cyprus GDP

Cyprus' GDP rose to $36.33 billion in 2024, up from $33.89 billion in 2023, according to World Bank. This represents an increase of 7.2% ($2.45 billion) from the previous year and accounts for 0.03% of the world's total GDP. Cyprus has GDP higher than the global median ($36.33 billion vs median $35.85 billion). Compared with the median in Europe, Cyprus is lower ($36.33 billion vs regional median $126.99 billion) and ranks 34th out of 48 countries in Europe.

Cyprus' GDP per capita rose to $32,998.67 in 2024, up from $32,340.84 in 2023.

Yearly Historical Data (1975-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 36.33
2023 33.89
2022 30.94
2021 30.37
2020 25.56
2019 26.2
2018 25.75
2017 22.95
2016 21.05
2015 19.91
2014 23.23
2013 23.96
2012 25.05
2011 27.64
2010 25.8
2009 26.05
2008 27.84
2007 23.97
2006 20.07
2005 18.43
2004 17.32
2003 14.55
2002 11.42
2001 10.4
2000 9.99
1999 10.5
1998 10.25
1997 9.55
1996 10.01
1995 9.93
1994 7.43
1993 6.59
1992 6.91
1991 5.77
1990 5.59
1989 4.56
1988 4.28
1987 3.7
1986 3.09
1985 2.43
1984 2.28
1983 2.16
1982 2.16
1981 2.09
1980 2.15
1979 1.29
1978 0.96
1977 0.73
1976 0.58
1975 0.49
Cyprus GDP : Definition
GDP measures the total value of all goods and services produced in Cyprus, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 3.45% 2.76% 2024
GDP per Capita $32,998.67 $32,340.84 2024
GDP per Capita PPP $53,252.46 $52,190.88 2024
R&D Expenditure (% GDP) 0.75% 0.8% 2022
Real GDP $31.02B $29.98B 2024