Economy & Growth in Cyprus 404 indicators covering economy & growth for Cyprus. IndicatorLatest Year10-yr change Rank Adjusted net savings, excluding particulate emission damage 2.0% 2021 down 78.8% 124th Domestic material consumption per gross domestic product 0.63 kilograms per constant usd 2023 up 3.3% 156th Share of household consumption in GDP vs. GDP per capita 82.6% 2023 up 6.2% 18th Share of government consumption in GDP vs. GDP per capita 21.2% 2023 up 23.8% 70th Central government spending as share of GDP 38.5% 2023 down 14.4% 23rd Military spending as a share of GDP 1.6% 2025 down 2.6% 92nd Imports of personal protective equipment per capita 13.51 current US$ 2022 up 95.2% 60th Adjusted net savings, including particulate emission damage 1.9% 2021 down 79.6% 120th Merchandise exports by continent of destination 0.1% 2014 up 612.8% 90th Gross domestic product (GDP) 14.12 billion current GBP 2014 up 50.6% 108th Value of imported goods as a share of GDP 49.6% 2014 down 35.5% 67th Total factor productivity 1.03 2023 up 13.7% 23rd Share of the population who are undernourished vs. GDP per capita 2.5 percent 2023 unchanged 107th Divergence of GDP per capita among latecomers to the capitalist revolution 27,184 2011$ 2018 down 5.4% 39th GDP price levels relative to the US 0.6138 2024 down 32.0% 58th Price level relative to the US vs. GDP per capita 0.6138 2024 down 32.0% 58th PPP conversion factor for private consumption 0.5923 LCU per international $ 2025 down 17.5% 181st External balance on goods and services 1.77 billion constant LCU 2025 up 648.8% 55th Exposure to PM2.5 air pollution vs. GDP per capita 16.07 micrograms per cubic meter 2023 down 13.0% 108th Tax revenue as share of GDP 28.2% 2023 — 46th Adjusted net savings, excluding particulate emission damage 524.09 million current US$ 2021 down 80.6% 108th Share of central government spending funded by taxes 59.1% 2023 up 11.5% 79th Discrepancy in expenditure estimate of GDP -110.64 million constant LCU 2025 down 332.3% 118th Adjusted net savings, including particulate emission damage 499.25 million current US$ 2021 down 81.3% 107th Inequality of food consumption vs. GDP per capita 0.18 2020 unchanged 183rd Alcohol consumption vs. GDP per capita 6.36 liters of pure alcohol, projected estimates, 15+ years of age 2020 down 30.3% 68th Taxes on incomes of individuals and corporations as share of GDP 10.7% 2023 up 12.3% 33rd Military spending as a share of GDP 1.4% 2019 down 7.5% 85th Self-reported life satisfaction vs. GDP per capita 6.13 2025 up 10.5% 61st Gross domestic product (GDP) and Gross value added (GVA) in volume by 129.9 Index, 2020=100 2024 up 65.3% 3rd Augmented Human Development Index vs. GDP per capita 0.7146 2020 up 17.0% 24th Augmented Human Development Index (excluding income) 0.6854 2020 up 23.2% 23rd GDP per capita 14,600 international-$ in 1990 prices 2020 up 1.4% 37th Gross domestic product (GDP) at current market prices by NUTS 2 region 34,770 Million euro 2024 up 98.9% 28th Average annual population to calculate regional GDP data (thousand per 973.12 Thousand 2024 up 13.1% 29th Gross domestic product (GDP) at current market prices by NUTS 3 region 34,770 Million euro 2024 up 98.9% 28th Gross value added at basic prices by NUTS 3 region 30,865 Current prices, million euro 2024 up 101.4% 30th Homicide rate vs. GDP per capita 0.9571 homicides per 100,000 population 2024 up 4.6% 134th Share of GDP spent on education vs. share of government spending assigned to education 12.5% 2022 down 19.5% 103rd Economic accounts for agriculture by NUTS 2 region - values at current 9.36 Million euro 2024 up 411.5% 25th Domestic material consumption per capita 20.41 tonnes 2023 up 46.7% 39th Share of global merchandise exports 0.0% 2023 up 100.0% 118th Total market capitalization of listed domestic companies as a share of GDP 67.7% 2025 up 400.9% 26th Annual GDP growth 2.6% 2023 up 139.6% 115th Medium and high-tech manufacturing value added 27.7% 2022 up 78.5% 60th Taxes as a share of cigarette price 74.4% 2022 down 1.9% 44th Annual working hours vs. productivity 1,840 hours per worker 2023 up 1.6% 79th Value of exported goods as a share of GDP 16.1% 2014 up 49.8% 144th Current account balance as a share of GDP -11.5% 2023 down 685.6% 168th Net portfolio investment 3.42 billion usd 2023 up 119.7% 34th Share of global services exports 0.3% 2022 up 47.6% 44th People affected by disasters vs. GDP per capita 43.7 affected per 100,000 people 2025 — 102nd Annual growth of imports of goods and services 1.7% 2023 up 137.3% 81st Annual growth of exports of goods and services 0.1% 2023 down 92.9% 111th International tourist departures per 1,000 people vs. GDP per capita 1,292 departures per 1,000 people 2024 — 12th Total reserves in months of imports 0.37 ratio 2023 up 19.4% 163rd Share of adults who smoke or use other tobacco vs. GDP per capita 32.8% 2022 down 9.9% 21st Annual growth in government consumption spending 2.2% 2023 up 144.8% 78th Government revenues as a share of GDP 45.9% 2023 up 13.5% 22nd Income quintile share ratio S80/S20 by NUTS 2 region 4.6 Index 2025 down 11.5% 20th ← Previous Page 6 of 7 Next →