GERD as a percentage of GDP in Cyprus

Cyprus: GERD as a percentage of GDP was 0.7% in 2023. β–² Rising

Latest (2023)
0.7%
Change on year
down 3.3%
World rank
51st
of 115 countries
All-time high
0.8%
in 2020
All-time low
0.2%
in 1998
Years of data
26
1998–2023

GERD as a percentage of GDP in Cyprus, 1998–2023

0.20.40.60.81998201020231998: 0.2031999: 0.2182000: 0.2272001: 0.2372002: 0.282003: 0.3182004: 0.3362005: 0.3672006: 0.3832007: 0.42008: 0.3862009: 0.4442010: 0.4432011: 0.4532012: 0.4382013: 0.4852014: 0.5122015: 0.4752016: 0.522017: 0.5432018: 0.612019: 0.7032020: 0.8262021: 0.7772022: 0.7052023: 0.681

Source: UNESCO Institute for Statistics.

Analysis

The most recent figure for gerd as a percentage of gdp in Cyprus is 0.7%, measured in 2023.

Compared with earlier readings it is down 3.3% on the previous year and up 40.5% over ten years.

Over the whole period, gerd as a percentage of gdp in Cyprus peaked at 0.8% in 2020 and was at its lowest, 0.2%, in 1998.

Cyprus ranks 51st of 115 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.2% 0.2% 0.2% 2
2000s 0.3% 0.2% 0.4% 10
2010s 0.5% 0.4% 0.7% 10
2020s 0.7% 0.7% 0.8% 4

Countries ranked near Cyprus

  1. 48 Tunisia 0.7% compare
  2. 49 Iran 0.7% compare
  3. 50 Uruguay 0.7% compare
  4. 52 Morocco 0.7% compare
  5. 53 Malta 0.6% compare
  6. 54 India 0.6% compare

See the full ranking of 166 places β†’

More science & technology data for Cyprus

All data for Cyprus β†’

Frequently asked questions

What is gerd as a percentage of gdp in Cyprus?
Gerd as a percentage of gdp in Cyprus was 0.7% in 2023, according to UNESCO Institute for Statistics.
What is the highest gerd as a percentage of gdp recorded in Cyprus?
The highest recorded value was 0.8% in 2020.
What is the lowest gerd as a percentage of gdp recorded in Cyprus?
The lowest recorded value was 0.2% in 1998.
How does Cyprus rank for gerd as a percentage of gdp?
Cyprus ranks 51st out of 115 countries with data for 2023.
Is gerd as a percentage of gdp rising or falling in Cyprus?
Over the last ten years it is up 40.5%. The long-run trend across the full record is rising.
Where does this Cyprus data come from?
The figures come from UNESCO Institute for Statistics, published as part of GERD as a percentage of GDP. Statizoid updates them automatically from the source API.

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GERD as a percentage of GDP in Cyprus. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://science-tech.statizoid.com/stat/gerd-as-a-percentage-of-gdp/cyprus/

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About this data

Indicator
GERD as a percentage of GDP
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
166 places, 3,775 data points, 1996–2024
Last refreshed

February 2026 Data Release