Cyprus: Trade (% of GDP)
In , Cyprus's Trade (% of GDP) was 190.40.
That's down 0.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Cyprus ranks #7 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #3 of 49.
Source: World Bank Open Data (NE.TRD.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
- 205.75
- Trough
- 102.79
- 1-year change
- -0.2%
- 5-year change
- +26.5%
- +4.8% / yr
- 10-year change
- +45.5%
- +3.8% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 190.4029 | |
| 190.7408 | |
| 205.7535 | |
| 176.8277 | |
| 160.6687 | |
| 150.5062 | |
| 147.6236 | |
| 148.0134 | |
| 139.0221 | |
| 137.2764 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Cyprus's Trade (% of GDP) in 2024?
- In 2024, Cyprus's Trade (% of GDP) was 190.40, according to World Bank Open Data.
- Is Cyprus's Trade (% of GDP) rising or falling?
- Cyprus's Trade (% of GDP) fell 0.2% from 2023 to 2024.
- How does Cyprus rank globally on Trade (% of GDP)?
- In 2024, Cyprus ranked #7 out of 160 countries reporting Trade (% of GDP).
- How does Cyprus's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Cyprus is above the world average. Within Europe & Central Asia, it ranks #3 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.