Cyprus Gross Public Debt: % of GDP: Central Government: Long Term: Up to 1 Year data was reported at 0.000 % in Sep 2024. This stayed constant from the previous number of 0.000 % for Jun 2024. Cyprus Gross Public Debt: % of GDP: Central Government: Long Term: Up to 1 Year data is updated quarterly, averaging 0.000 % from Dec 1995 (Median) to Sep 2024, with 116 observations. The data reached an all-time high of 0.000 % in Sep 2024 and a record low of 0.000 % in Sep 2024. Cyprus Gross Public Debt: % of GDP: Central Government: Long Term: Up to 1 Year data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

Cyprus CY: GDP: Growth: Gross Value Added: Agriculture data was reported at -0.391 % in 2020. This records a decrease from the previous number of 2.575 % for 2019. Cyprus CY: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 0.390 % from Dec 1976 (Median) to 2020, with 45 observations. The data reached an all-time high of 30.106 % in 1995 and a record low of -15.861 % in 1997. Cyprus CY: GDP: Growth: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

The amount of coins and banknotes in Cyprus made up roughly ** percent of GDP in 2019, a percentage that remained relatively stable in previous years. This so-called CIC/GDP ratio roughly measures the use of cash money in the country. Due to the anonymity of cash transactions, sources struggle to find exact volumes on this. The ratio mentioned here is quite popular in that regard, as the data it needs is relatively easy to find. Some industry experts mention, however, that this ratio is too general and does not necessarily reflect retail payments.

Trade in services (% of GDP) of Cyprus went up by 2.40% from 141.7 % in 2023 to 145.1 % in 2024. Since the 4.17% downward trend in 2018, trade in services (% of GDP) rocketed by 56.55% in 2024. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Cyprus CY: GDP: Growth: Gross Value Added: Services data was reported at 2.555 % in 2016. This records an increase from the previous number of 1.909 % for 2015. Cyprus CY: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 5.462 % from Dec 1976 (Median) to 2016, with 41 observations. The data reached an all-time high of 19.193 % in 1977 and a record low of -4.662 % in 2013. Cyprus CY: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Current account balance (% of GDP) of Cyprus plummeted by 25.75% from -11.3 % in 2023 to -8.4 % in 2024. Since the 26.46% surge in 2022, current account balance (% of GDP) shot up by 19.23% in 2024. Current account balance is the sum of net exports of goods, services, net income, and net current transfers.

Cyprus CY: GDP: % of GDP: Gross Value Added: Industry data was reported at 12.516 % in 2020. This records a decrease from the previous number of 12.708 % for 2019. Cyprus CY: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 19.446 % from Dec 1975 (Median) to 2020, with 46 observations. The data reached an all-time high of 33.645 % in 1980 and a record low of 9.985 % in 2014. Cyprus CY: GDP: % of GDP: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Share of GDP. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Cyprus CY: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 1.179 % in 2023. This records an increase from the previous number of 1.176 % for 2022. Cyprus CY: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 3.899 % from Dec 1975 (Median) to 2023, with 49 observations. The data reached an all-time high of 15.903 % in 1976 and a record low of 1.176 % in 2022. Cyprus CY: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

The statistic shows the growth of the real gross domestic product (GDP) in the European Union and the Euro area from 2019 to 2023, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2022, the GDP in the European Union increased by about 3.61 percent compared to the previous year. Growth trends in the EU compared to the euro area The euro area, which is also called the eurozone, is an economic and monetary union (EMU) which includes 19 of the 27 European Union member states which have formally adopted the euro. Those countries include Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Member states which have not yet adopted the euro include Bulgaria, Croatia, Czechia, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom. Additionally, there is the so-called Schengen Area, which is composed of EU and non-EU states, and has been established mainly to facilitate travelling in Europe. While some countries, such as Kosovo and Montenegro have adopted the euro unilaterally, they are not formally part of the eurozone. Others have established a monetary agreement with the EU to use the euro, such as Andorra, Monaco, San Marino and the Vatican, but they do not form part of the official euro area. As can be seen in the chart, annual GDP growth slumped in 2012 and 2013, presumably as a result of the global financial crisis, in both the EU and the euro area. In 2013, growth began increasing ever so slightly and in 2014 the EU regained a bit of stability. However, overall recovery in the EU has been relatively moderate and gradual; growth throughout the EU has been slightly better than in the euro area and is projected to remain slightly better for the foreseeable future. Relatively new member states such as Romania and Czechia, which have not yet adopted the euro, reported the highest annual growth rates in the EU in 2015, and generally, new member states show slightly better growth rates. Also, unemployment has been slightly higher in the euro area compared to the EU for the last ten years (267906). The unemployment rate also remains relatively high for both the EU and the euro area. As for public spending as a share of GDP, these figures are slightly higher in the euro area than in the EU as a whole. The member states with the highest national debt include the United Kingdom, Italy, France and Germany - some of the oldest members of the euro area. The national debt of the euro area is slightly higher than the national debt of the EU as a whole, underlining the economic situation of both areas.

Stocks traded (% of GDP) of Cyprus rocketed by 65.34% from 0.3 % in 2023 to 0.4 % in 2024. Since the 38.14% slump in 2021, stocks traded (% of GDP) shot up by 347.59% in 2024. Stocks traded refers to the total value of shares traded during the period. This indicator complements the market capitalization ratio by showing whether market size is matched by trading.

Cyprus CY: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 2.409 % in 2023. This records an increase from the previous number of -10.923 % for 2022. Cyprus CY: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 2.191 % from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 30.322 % in 1976 and a record low of -16.520 % in 2013. Cyprus CY: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 10-33. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

The European Union is comprised of 27 member states who share the European Single Market, a common trade area which ensures the free movement of goods, services, capital, and people. As of 2024, the largest economies in the EU were Germany, France, Italy, Spain, and the Netherlands, with these countries making up the vast majority of the EU's almost 17 trillion Euro GDP. The relatively small island member states of Cyprus and Malta come in at the bottom of the list, with GDPs of around 23 and 33 billion Euros respectively.

Cyprus CY: GDP: Gross Value Added at Factor Cost: Services data was reported at 13,705.200 EUR mn in 2016. This records an increase from the previous number of 13,531.000 EUR mn for 2015. Cyprus CY: GDP: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 5,165.600 EUR mn from Dec 1975 (Median) to 2016, with 42 observations. The data reached an all-time high of 14,686.100 EUR mn in 2012 and a record low of 259.537 EUR mn in 1975. Cyprus CY: GDP: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Cyprus CY: GDP: % of GDP: Gross Value Added: Services data was reported at 86.511 % in 2016. This records a decrease from the previous number of 86.799 % for 2015. Cyprus CY: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 72.916 % from Dec 1975 (Median) to 2016, with 42 observations. The data reached an all-time high of 87.228 % in 2014 and a record low of 55.256 % in 1976. Cyprus CY: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Cyprus CY: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 5.247 % in 2023. This records an increase from the previous number of 5.237 % for 2022. Cyprus CY: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 8.630 % from Dec 1975 (Median) to 2023, with 49 observations. The data reached an all-time high of 18.282 % in 1978 and a record low of 3.885 % in 2013. Cyprus CY: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

Material recovery service providers have contended with numerous economic headwinds in recent years, ranging from subdued economic growth during the cost-of-living crisis and the high base rate environment as central banks aimed to curb spiralling inflation. Revenue is expected to grow at a compound annual rate of 4.1% over the five years through 2025 to €120.7 billion, including an estimated dip of 0.7% in 2025. Demand for material recovery services is highly contingent on downstream construction, mining and manufacturing sectors producing hefty waste. Since the end of the pandemic, high interest rates have ramped up the cost of borrowing while building material costs skyrocketed, putting off many developers from beginning projects and weighing on construction activity. Subdued economic growth has also hit the manufacturing sector, eroding demand for material recovery services. According to the European Commission, 527 kilograms (kg) of municipal waste per capita was generated in the EU in 2021, while 49% of municipal waste in the EU was recycled. This figure declined to 511kg of municipal waste per capita generated in 2023, with 48% of waste being recycled. The decrease in municipal waste per capita suggests a potential shift towards more sustainable consumption and production patterns. This can positively influence the quality of materials recovered, as higher-quality waste streams may become available for recycling. Decreased waste generation and stagnating recycling rates also signify reduced available materials for recovery, which has impacted revenue streams for companies reliant on high volumes. This stagnation might indicate challenges in public engagement and infrastructure that need addressing to prevent further declines. However, growing recycling rates in the coming years are set to maintain demand, supported by government initiatives like the European Green Deal, which includes the Circular Economy Action Plan. Revenue is expected to climb at a compound annual rate of 3.1% over the five years through 2030 to €140.9 billion. Economic conditions are set to improve in the short term as inflationary pressures subside, allowing central banks to adopt looser monetary policy and support GDP growth. This will drive downstream construction and manufacturing sector activity in the short term, lifting demand for material recovery services. The growing emphasis on sustainability will also persist in the coming years as countries across Europe strive for a circular economy, driving demand and supporting revenue growth.

Cyprus CY: GDP: % of GDP: Gross Value Added: Agriculture data was reported at 1.881 % in 2020. This records an increase from the previous number of 1.736 % for 2019. Cyprus CY: GDP: % of GDP: Gross Value Added: Agriculture data is updated yearly, averaging 4.127 % from Dec 1975 (Median) to 2020, with 46 observations. The data reached an all-time high of 15.903 % in 1976 and a record low of 1.708 % in 2018. Cyprus CY: GDP: % of GDP: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Cyprus CY: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing data was reported at 399.556 USD mn in 2023. This records an increase from the previous number of 364.270 USD mn for 2022. Cyprus CY: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing data is updated yearly, averaging 399.556 USD mn from Dec 1975 (Median) to 2023, with 49 observations. The data reached an all-time high of 592.999 USD mn in 2011 and a record low of 77.013 USD mn in 1975. Cyprus CY: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Nominal. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.

Cyprus CY: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data was reported at 472.290 EUR mn in 2023. This records an increase from the previous number of 442.120 EUR mn for 2022. Cyprus CY: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data is updated yearly, averaging 364.156 EUR mn from Dec 1975 (Median) to 2023, with 49 observations. The data reached an all-time high of 472.290 EUR mn in 2023 and a record low of 69.028 EUR mn in 1975. Cyprus CY: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Nominal. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

Cyprus CY: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 1.473 USD bn in 2023. This records an increase from the previous number of 1.335 USD bn for 2022. Cyprus CY: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 905.980 USD mn from Dec 1975 (Median) to 2023, with 49 observations. The data reached an all-time high of 1.525 USD bn in 2008 and a record low of 70.151 USD mn in 1975. Cyprus CY: GDP: USD: Gross Value Added at Factor Cost: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cyprus – Table CY.World Bank.WDI: Gross Domestic Product: Nominal. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.