GERD by sector of performance and type of R&D in Cyprus

Cyprus: GERD by sector of performance and type of R&D was 221.87 Million euro in 2024. ◆ Volatile

Latest (2024)
221.87 Million euro
Change on year
up 3.9%
World rank
48th
of 52 countries
All-time high
221.87 Million euro
in 2024
All-time low
8.44 Million euro
in 1991
Years of data
29
1991–2024

GERD by sector of performance and type of R&D in Cyprus, 1991–2024

0501001502001991200720241991: 8.4 Million euro1992: 9.6 Million euro1998: 18.6 Million euro1999: 21.5 Million euro2000: 24.5 Million euro2001: 27.5 Million euro2002: 33.8 Million euro2003: 41 Million euro2004: 46.8 Million euro2005: 55.2 Million euro2006: 62.4 Million euro2007: 70.4 Million euro2008: 73.4 Million euro2009: 83 Million euro2010: 86.2 Million euro2011: 89.9 Million euro2012: 85.3 Million euro2013: 87.5 Million euro2014: 89.5 Million euro2015: 85.3 Million euro2016: 98.8 Million euro2017: 110.2 Million euro2018: 133.1 Million euro2019: 164.4 Million euro2020: 184.8 Million euro2021: 199.5 Million euro2022: 207 Million euro2023: 213.6 Million euro2024: 221.9 Million euro

Source: Eurostat. Measured in Million euro.

Analysis

In 2024, gerd by sector of performance and type of r&d in Cyprus stood at 221.87 Million euro. That is the highest value across all 29 years on record.

That represents a change of up 3.9% on the previous year and up 147.8% over ten years.

Over the whole period, gerd by sector of performance and type of r&d in Cyprus peaked at 221.87 Million euro in 2024 and was at its lowest, 8.44 Million euro, in 1991.

That places Cyprus 48th out of 52 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

GERD by sector of performance and type of R&D in Cyprus, year by year

Annual values for GERD by sector of performance and type of R&D in Cyprus, 1991 to 2024.
Year Million euro Change
1991 8.44 Million euro —
1992 9.56 Million euro +13.2%
1998 18.61 Million euro +94.6%
1999 21.46 Million euro +15.3%
2000 24.52 Million euro +14.3%
2001 27.49 Million euro +12.1%
2002 33.79 Million euro +22.9%
2003 40.98 Million euro +21.3%
2004 46.78 Million euro +14.2%
2005 55.23 Million euro +18.1%
2006 62.36 Million euro +12.9%
2007 70.38 Million euro +12.8%
2008 73.36 Million euro +4.2%
2009 82.99 Million euro +13.1%
2010 86.2 Million euro +3.9%
2011 89.88 Million euro +4.3%
2012 85.32 Million euro -5.1%
2013 87.47 Million euro +2.5%
2014 89.52 Million euro +2.3%
2015 85.29 Million euro -4.7%
2016 98.81 Million euro +15.9%
2017 110.21 Million euro +11.5%
2018 133.1 Million euro +20.8%
2019 164.44 Million euro +23.5%
2020 184.76 Million euro +12.4%
2021 199.5 Million euro +8.0%
2022 207.01 Million euro +3.8%
2023 213.56 Million euro +3.2%
2024 221.87 Million euro +3.9%

Cyprus compared with similar countries

  • Cyprus's 221.87 Million euro is below the median for Europe & Central Asia, which is 5,020 Million euro, 4% of the median. (35 countries reporting)
  • Cyprus's 221.87 Million euro is below the median for high income countries, which is 8,893 Million euro, 2% of the median. (35 countries reporting)

Biggest year-on-year movements

Years where GERD by sector of performance and type of R&D in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1998 +94.6% 9.56 Million euro 18.61 Million euro

Averages by decade

DecadeAverage LowestHighest Years
1990s 14.52 Million euro 8.44 Million euro 21.46 Million euro 4
2000s 51.79 Million euro 24.52 Million euro 82.99 Million euro 10
2010s 103.02 Million euro 85.29 Million euro 164.44 Million euro 10
2020s 205.34 Million euro 184.76 Million euro 221.87 Million euro 5

Countries ranked near Cyprus

  1. 45 Iceland 757.42 Million euro compare
  2. 46 Latvia 382.98 Million euro compare
  3. 47 Latvia 372.64 Million euro compare
  4. 49 Malta 140.18 Million euro compare
  5. 50 North Macedonia 53.94 Million euro compare
  6. 51 Bosnia and Herzegovina 38.1 Million euro compare

See the full ranking of 56 places →

More science & technology data for Cyprus

All data for Cyprus →

Frequently asked questions

What is gerd by sector of performance and type of r&d in Cyprus?
Gerd by sector of performance and type of r&d in Cyprus was 221.87 Million euro in 2024, according to Eurostat.
What is the highest gerd by sector of performance and type of r&d recorded in Cyprus?
The highest recorded value was 221.87 Million euro in 2024.
What is the lowest gerd by sector of performance and type of r&d recorded in Cyprus?
The lowest recorded value was 8.44 Million euro in 1991.
How does Cyprus rank for gerd by sector of performance and type of r&d?
Cyprus ranks 48th out of 52 countries with data for 2024.
Is gerd by sector of performance and type of r&d rising or falling in Cyprus?
Over the last ten years it is up 147.8%. The long-run trend across the full record is volatile.
Where does this Cyprus data come from?
The figures come from Eurostat, published as part of GERD by sector of performance and type of R&D. Statizoid updates them automatically from the source API.

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GERD by sector of performance and type of R&D in Cyprus. Statizoid, drawing on Eurostat. Retrieved 15 October 2026, from https://science-tech.statizoid.com/stat/gerd-by-sector-of-performance-and-type-of-r-and-d/cyprus/

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About this data

Indicator
GERD by sector of performance and type of R&D
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
56 places, 1,830 data points, 1980–2024
Last refreshed