GDP Growth Rate
Year -
2.47%
In 2023, Cyprus experienced a significant a decrease in its GDP growth rate, which fall to 2.47% from 5.06% in 2022. Additionally, the GDP per capita growth rate in Cyprus decrease to 3.64% in 2022, compared to 8.89% in 2021.
In 2023, Cyprus experienced a decrease in economic performance, with the GDP growth rate falling by 2.59%. Additionally, the GDP per capita growth rate decrease by 5.25%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | - | - | - | - |
| 1972 | - | - | - | - |
| 1973 | - | - | - | - |
| 1974 | - | - | - | - |
| 1975 | - | - | - | - |
| 1976 | 20.27 | - | 21.24 | - |
| 1977 | 16.36% | -3.91% | 16.35% | -4.89% |
| 1978 | 7.78% | -8.58% | 7.38% | -8.97% |
| 1979 | 9.91% | 2.13% | 9.05% | 1.67% |
| 1980 | 5.75% | -4.16% | 4.61% | -4.44% |
| 1981 | 2.52% | -3.23% | 0.83% | -3.78% |
| 1982 | 6.02% | 3.50% | 4.77% | 3.94% |
| 1983 | 5.58% | -0.44% | 4.72% | -0.05% |
| 1984 | 8.76% | 3.18% | 7.36% | 2.64% |
| 1985 | 4.88% | -3.88% | 3.62% | -3.74% |
| 1986 | 3.7% | -1.18% | 2.52% | -1.10% |
| 1987 | 7.07% | 3.37% | 5.91% | 3.39% |
| 1988 | 8.65% | 1.58% | 7.5% | 1.59% |
| 1989 | 7.95% | -0.70% | 6.42% | -1.08% |
| 1990 | 7.4% | -0.55% | 5.14% | -1.28% |
| 1991 | 0.74% | -6.66% | -1.83% | -6.97% |
| 1992 | 9.4% | 8.66% | 6.53% | 8.36% |
| 1993 | 0.7% | -8.70% | -1.7% | -8.23% |
| 1994 | 5.9% | 5.20% | 3.73% | 5.43% |
| 1995 | 8.36% | 2.46% | 6.42% | 2.69% |
| 1996 | 1.25% | -7.11% | -0.35% | -6.77% |
| 1997 | 2.64% | 1.39% | 1.2% | 1.55% |
| 1998 | 6.11% | 3.47% | 4.82% | 3.62% |
| 1999 | 5% | -1.11% | 3.83% | -0.99% |
| 2000 | 5.97% | 0.97% | 4.84% | 1.01% |
| 2001 | 3.95% | -2.02% | 2.84% | -2.00% |
| 2002 | 3.72% | -0.23% | 2.54% | -0.30% |
| 2003 | 2.62% | -1.10% | 1.38% | -1.16% |
| 2004 | 5.03% | 2.41% | 3.63% | 2.25% |
| 2005 | 4.85% | -0.18% | 3.35% | -0.28% |
| 2006 | 4.71% | -0.14% | 2.98% | -0.37% |
| 2007 | 5.1% | 0.39% | 2.88% | -0.10% |
| 2008 | 3.65% | -1.45% | 1.08% | -1.80% |
| 2009 | -2.02% | -5.67% | -4.61% | -5.69% |
| 2010 | 2.28% | 4.30% | -0.62% | 3.99% |
| 2011 | 0.42% | -1.86% | -2.13% | -1.51% |
| 2012 | -3.45% | -3.87% | -4.91% | -2.78% |
| 2013 | -6.59% | -3.14% | -6.34% | -1.43% |
| 2014 | -1.78% | 4.81% | -0.74% | 5.60% |
| 2015 | 3.42% | 5.20% | 3.97% | 4.71% |
| 2016 | 6.57% | 3.15% | 5.97% | 2.00% |
| 2017 | 5.73% | -0.84% | 4.87% | -1.10% |
| 2018 | 5.65% | -0.08% | 4.41% | -0.46% |
| 2019 | 5.54% | -0.11% | 4.41% | 0.00% |
| 2020 | -3.44% | -8.98% | -4.48% | -8.89% |
| 2021 | 9.91% | 13.35% | 8.89% | 13.37% |
| 2022 | 5.06% | -4.85% | 3.64% | -5.25% |
| 2023 | 2.47% | -2.59% | - | - |