Cyprus's $28 billion economy, growing 2.8% in 2025, thrives on tourism, shipping, and financial services, with per capita GDP at $23,000. Citrus exports rise, while fuel imports create deficits amid 80% debt. Migration and geopolitical tensions pose risks for its 900,000 people. Recent tech hubs and renewable energy investments fuel recovery. Cyprus focuses on digital innovation and sustainable tourism to reduce inequality, aligning with EU goals. Leveraging its Mediterranean position, it enhances trade prospects despite regional instability. The nation aims for economic resilience, investing in education and infrastructure to secure prosperous, inclusive growth in a challenging geopolitical context.
World Bank GDP economic data: 2010-2024. Last updated Apr 2026. See Cyprus GDP per capita.
Cyprus GDP Statistics by Year
| Year | GDP Size (in billions $) |
| 2025 (projected) | 38 |
| 2024 | 36 |
| 2023 | 34 |
| 2022 | 31 |
| 2021 | 30 |
| 2020 | 26 |
| 2019 | 26 |
| 2018 | 26 |
| 2017 | 23 |
| 2016 | 21 |
| 2015 | 20 |
| 2014 | 23 |
| 2013 | 24 |
| 2012 | 25 |
| 2011 | 28 |
| 2010 | 26 |