What was Cyprus's GDP (constant 2015 US$) in 2024?

In 2024, Cyprus's GDP (constant 2015 US$) was $31.74 billion, according to World Bank Open Data.

Is Cyprus's GDP (constant 2015 US$) rising or falling?

Cyprus's GDP (constant 2015 US$) rose 3.9% from 2023 to 2024.

How does Cyprus rank globally on GDP (constant 2015 US$)?

In 2024, Cyprus ranked #101 out of 192 countries reporting GDP (constant 2015 US$).

How does Cyprus's GDP (constant 2015 US$) compare to the world average?

The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Cyprus is below the world average. Within Europe & Central Asia, it ranks #36 of 52.

Cyprus: GDP (constant 2015 US$)

Name: Cyprus: GDP (constant 2015 US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Cyprus's GDP (constant 2015 US$) was $31.74 billion.

That's up 3.9% from 2023, the highest value on record.

The global average for this indicator in 2024 was $497.78 billion . Cyprus ranks #101 globally out of 192 reporting countries. Within Europe & Central Asia, it ranks #36 of 52.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: $31.74B; 2024
Trough: $18.93B; 2005
1-year change: +3.9%
5-year change: +25.7%; +4.7% / yr
10-year change: +64.9%; +5.1% / yr

Historical Data — Last 10 Years

Year	GDP (constant 2015 US$)
2024	31.740B
2023	30.537B
2022	29.470B
2021	27.218B
2020	24.433B
2019	25.247B
2018	23.845B
2017	22.438B
2016	21.218B
2015	19.909B

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Cyprus's GDP (constant 2015 US$) in 2024?: In 2024, Cyprus's GDP (constant 2015 US$) was $31.74 billion, according to World Bank Open Data.
Is Cyprus's GDP (constant 2015 US$) rising or falling?: Cyprus's GDP (constant 2015 US$) rose 3.9% from 2023 to 2024.
How does Cyprus rank globally on GDP (constant 2015 US$)?: In 2024, Cyprus ranked #101 out of 192 countries reporting GDP (constant 2015 US$).
How does Cyprus's GDP (constant 2015 US$) compare to the world average?: The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Cyprus is below the world average. Within Europe & Central Asia, it ranks #36 of 52.
What is GDP (constant 2015 US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.