Cyprus Cyprus GDP - Gross Domestic Product

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GDP Cyprus 2023

Cyprus: GDP increases 2.5%

Gross Domestic Product of Cyprus grew 2.5% in 2023 compared to last year. This rate is 26 -tenths of one percent less than the figure of 5.1% published in 2022.

The GDP figure in 2023 was €29,807$32,231 million, Cyprus is number 105 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Cyprus rose €2,030$3,770 million with respect to 2022.

The GDP per capita of Cyprus in 2023 was €32,150$35,007, €1,720$3,548 higher than in 2022, it was €30,430$31,459. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2013 when the GDP per capita in Cyprus was €20,930$27,602.

If we order the countries according to their GDP per capita, Cyprus is in 33th position of the 196 countries whose GDP we publish.

Here we show you the progression of the GDP in Cyprus. You can see GDP in other countries in GDP and see all the economic information about Cyprus in Cyprus's economy.

Quarterly GDP at market prices 2023
DateQuarterly GDPQuarterly GDPQuat. GDP Growth (%)Quat. GDP Annual Growth (%)
2023Q4€7,607M$8,178M0.6%2.2%
2023Q3€7,545M$8,212M1.3%2.4%
2023Q2€7,330M$7,980M-0.4%2.1%
2023Q1€7,325M$7,860M0.8%3.1%
< GDP Cyprus 2022
Quaterly GDP Per Capita 2023
DateQu. GDP Per CapitaQu. GDP P.C. Qu. GrowthQu. GDP P.C. An. GrowthQu. GDP Per Capita $Qu. GDP P.C. An. GrowthQu. GDP P.C. Qu. Growth
2023Q48,262K0.8%6.9%$8,88212.7%-0.4%
2023Q38,195K2.9%4.6%$8,92013.1%2.9%
2023Q27,961K0.1%5.0%$8,6677.4%1.5%
2023Q17,956K3.0%7.2%$8,5372.5%8.3%
< GDP Cyprus 2022
Evolution: Annual GDP Cyprus
DateAnnual GDPAnnual GDPGDP Growth (%)
2023€29,807M$32,231M2.5%
2022€27,777M$28,461M5.1%
2021€24,928M$27,738M9.9%
2020€22,087M$24,672M-3.4%
2019€23,178M$25,762M5.5%
2018€21,675M$25,535M5.6%
2017€20,312M$22,863M5.7%
2016€19,014M$20,947M6.6%
2015€17,944M$19,844M3.4%
2014€17,483M$23,162M-1.8%
2013€18,040M$23,900M-6.6%
2012€19,495M$24,993M-3.4%
2011€19,858M$27,560M0.4%
2010€19,461M$25,753M2.3%
2009€18,676M$26,020M-2.0%
2008€19,010M$27,955M3.6%
2007€17,591M$24,082M5.1%
2006€16,264M$20,422M4.7%
2005€15,039M$18,713M4.9%
2004€13,938M$17,327M5.0%
2003€12,871M$14,552M2.6%
2002€12,083M$11,422M3.7%
2001€11,603M$10,397M4.0%
2000€10,805M$9,988M6.0%
1999€9,840M$10,502M5.0%
1998€9,153M$10,251M6.1%
1997€8,414M$9,544M2.6%
1996€7,890M$10,016M1.2%
1995€7,596M$9,937M9.9%
1994€6,721M$8,004M5.9%
1993€6,028M$7,098M0.7%
1992€5,693M$7,424M9.4%
1991€4,907M$6,195M0.7%
1990€4,689M$6,003M7.4%
1989€4,140M$4,901M8.1%
1988€3,656M$4,589M8.3%
1987€3,268M$3,979M7.1%
1986€2,935M$3,317M3.6%
1985€2,719M$2,611M4.7%
1984€2,454M$2,447M8.8%
1983€2,086M$2,321M5.3%
1982€1,880M$2,319M6.3%
1981€1,607M$2,242M3.1%
1980€1,395M$2,314M5.9%
1979€1,205M$1,289M9.9%
1978€969M$964M7.8%
1977€809M$735M16.4%
1976€639M$576M20.3%
1975€497M$490M-19.0%
1974€588M$936M-16.9%
1973€637M$1,056M2.6%
1972€574M$868M6.9%
1971€505M$714M13.0%
1970€438M$609M
Evolution: GDP per capita Cyprus
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
2023€32,150$35,0075.7%11.3%
2022€30,430$31,4599.9%1.6%
2021€27,690$30,95711.8%11.4%
2020€24,760$27,784-5.8%-5.5%
2019€26,280$29,4125.5%-0.5%
2018€24,910$29,5475.4%10.5%
2017€23,630$26,7465.8%8.3%
2016€22,330$24,6925.5%5.4%
2015€21,170$23,4293.2%-13.2%
2014€20,510$26,995-2.0%-2.2%
2013€20,930$27,602-7.3%-4.8%
2012€22,570$28,994-3.3%-11.7%
2011€23,340$32,819-0.5%4.4%
2010€23,460$31,4391.5%-3.7%
2009€23,110$32,650-4.4%-9.3%
2008€24,170$36,0105.4%13.3%
2007€22,930$31,7755.9%15.8%
2006€21,660$27,4496.4%7.5%
2005€20,360$25,5276.3%6.5%
2004€19,150$23,9706.9%17.6%
2003€17,920$20,3895.2%26.0%
2002€17,030$16,1883.0%8.6%
2001€16,540$14,9056.2%3.0%
2000€15,570$14,4658.7%-6.0%
1999€14,330$15,3806.3%1.3%
1998€13,480$15,1827.5%6.0%
1997€12,540$14,3245.1%-6.1%
1996€11,930$15,2602.2%-0.9%
1995€11,670$15,39712.1%22.9%
1994€10,414$12,5259.3%10.4%
1993€9,524$11,3423.6%-6.7%
1992€9,194$12,15913.0%16.8%
1991€8,137$10,4141.9%0.5%
1990€7,986$10,36010.5%20.0%
1989€7,229$8,63611.3%5.3%
1988€6,497$8,20410.7%14.1%
1987€5,872$7,18810.2%18.7%
1986€5,328$6,0586.7%25.6%
1985€4,993$4,8259.5%5.4%
1984€4,558$4,57616.1%4.0%
1983€3,925$4,3999.5%-1.2%
1982€3,584$4,45316.6%2.3%
1981€3,074$4,35312.9%-4.3%
1980€2,723$4,55014.3%78.6%
1979€2,382$2,54823.2%32.5%
1978€1,933$1,92319.0%30.3%
1977€1,625$1,47626.6%27.5%
1976€1,284$1,15828.7%17.7%
1975€997$984-14.3%-46.8%
1974€1,164$1,85116.5%11.7%
1973€999$1,65610.0%20.6%
1972€909$1,37412.1%20.0%
1971€811$1,14514.3%15.9%
1970€710$988
Evolution: GDP growth rate at constant prices Cyprus
Evolution: GDP per capita Cyprus
GDP Cyprus