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Cyprus Trade (% GDP)

Cyprus' trade (% GDP) fell to 189.8% in 2024, down from 193.27% in 2023, according to World Bank. This represents a decrease of 3.47% from the previous year. Cyprus has the 10th highest trade (% GDP). Within Europe, it ranks 5th out of 44 countries.

Yearly Historical Data (1975-2024)

(in %)
Year Trade (% GDP)
2024 189.8%
2023 193.27%
2022 207.63%
2021 176.83%
2020 160.67%
2019 150.51%
2018 147.62%
2017 148.01%
2016 139.02%
2015 137.28%
2014 130.84%
2013 120.93%
2012 112.34%
2011 110.62%
2010 108.9%
2009 102.79%
2008 112.93%
2007 111.28%
2006 109.81%
2005 111.92%
2004 113.9%
2003 114%
2002 123.64%
2001 131.85%
2000 137.49%
1999 131.21%
1998 134.91%
1997 139.76%
1996 140.85%
1995 134.39%
1994 95.78%
1993 95.42%
1992 110.1%
1991 104.18%
1990 108.61%
1989 111.33%
1988 101.58%
1987 97.56%
1986 93.46%
1985 107.57%
1984 121.76%
1983 114.38%
1982 115.16%
1981 113.57%
1980 108.33%
1979 108.45%
1978 105.25%
1977 115.58%
1976 112.37%
1975 92.18%
Cyprus Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Cyprus divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $4.5B $5.07B 2024
Annual Imports $13.42B $14B 2024
Exports (% GDP) 96.69% 97.16% 2024
FDI Inflows (% GDP) -10.51% 52.91% 2023
Imports (% GDP) 93.11% 96.11% 2024
Net Trade (Goods & Services, BoP) $1.32B $365.89M 2024
Tariff Rate 1.95% 2.24% 2022