Cyprus: Imports of goods and services (% of GDP)
In , Cyprus's Imports of goods and services (% of GDP) was 93.38.
That's down 1.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 47.94 . Cyprus ranks #10 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #3 of 49.
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • 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
- 101.09
- Trough
- 54.07
- 1-year change
- -1.0%
- 5-year change
- +24.9%
- +4.6% / yr
- 10-year change
- +43.9%
- +3.7% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 93.3826 | |
| 94.3508 | |
| 101.0875 | |
| 86.0699 | |
| 81.0215 | |
| 74.7473 | |
| 73.1124 | |
| 74.1769 | |
| 68.5380 | |
| 67.2591 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Cyprus's Imports of goods and services (% of GDP) in 2024?
- In 2024, Cyprus's Imports of goods and services (% of GDP) was 93.38, according to World Bank Open Data.
- Is Cyprus's Imports of goods and services (% of GDP) rising or falling?
- Cyprus's Imports of goods and services (% of GDP) fell 1.0% from 2023 to 2024.
- How does Cyprus rank globally on Imports of goods and services (% of GDP)?
- In 2024, Cyprus ranked #10 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Cyprus's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Cyprus is above the world average. Within Europe & Central Asia, it ranks #3 of 49.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.