GERD as a percentage of GDP in Cyprus
Cyprus: GERD as a percentage of GDP was 0.7% in 2023. ▲ Rising
GERD as a percentage of GDP in Cyprus, 1998–2023
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 116 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.
GERD as a percentage of GDP in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 0.2% | — |
| 1999 | 0.2% | +7.3% |
| 2000 | 0.2% | +4.1% |
| 2001 | 0.2% | +4.4% |
| 2002 | 0.3% | +18.0% |
| 2003 | 0.3% | +13.8% |
| 2004 | 0.3% | +5.4% |
| 2005 | 0.4% | +9.4% |
| 2006 | 0.4% | +4.4% |
| 2007 | 0.4% | +4.3% |
| 2008 | 0.4% | -3.5% |
| 2009 | 0.4% | +15.1% |
| 2010 | 0.4% | -0.3% |
| 2011 | 0.5% | +2.2% |
| 2012 | 0.4% | -3.3% |
| 2013 | 0.5% | +10.8% |
| 2014 | 0.5% | +5.6% |
| 2015 | 0.5% | -7.2% |
| 2016 | 0.5% | +9.3% |
| 2017 | 0.5% | +4.4% |
| 2018 | 0.6% | +12.5% |
| 2019 | 0.7% | +15.1% |
| 2020 | 0.8% | +17.5% |
| 2021 | 0.8% | -5.9% |
| 2022 | 0.7% | -9.3% |
| 2023 | 0.7% | -3.3% |
Cyprus compared with similar countries
- Cyprus's 0.7% is below the median for high income countries, which is 1.5%, 46% of the median. (54 countries reporting)
- Cyprus's 0.7% is below the median for Europe & Central Asia, which is 1.4%, 49% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
More science & technology data for Cyprus
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile landline subscriptions, gaps filled 156.22 (2024)
- Mobile cellular subscriptions by country, per capita 1.11 units per person (2024)
- Mobile cellular subscriptions by country, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile cellular subscriptions by country, gaps filled 1.51 million (2024)
- Mobile cellular subscriptions by country, per square kilometre 155.14 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate 5.32 % change on previous year (2024)
- Mobile cellular subscriptions by country, annual growth rate 5.31 % change on previous year (2024)
- Patent applications, nonresidents, gaps filled 2 (2022)
- Patent applications, nonresidents 2 (2022)
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 116 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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About this data
February 2026 Data Release