Cyprus GDP Growth Rate (2026)
Cyprus has a service-driven European economy supported by tourism, finance, shipping, real estate, and household consumption. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+3.0%
Annual real GDP growth
World Rank
#98
Out of 195 countries
Change vs 2025
-0.9 pp
2025: +3.8%
Asia Rank
#34
Out of 49 countries
1. Cyprus GDP Growth Rate in 2026
Cypriot economic growth is influenced by tourism, services, investment, construction, and external demand. Financial conditions and regional travel trends remain particularly important.
2. Cyprus GDP Growth Rate Trends (1980–2026)
Cyprus’s growth history has included financial-sector stress, economic adjustment, tourism recovery, and renewed investment. Services have remained the dominant driver.
3. Cyprus GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +3.0% | -0.9 pp |
| 2025 | +3.8% | -0.1 pp |
| 2024 | +3.9% | +0.3 pp |
| 2023 | +3.6% | -4.7 pp |
| 2022 | +8.3% | -3.1 pp |
| 2021 | +11.4% | +14.6 pp |
| 2020 | -3.2% | -9.1 pp |
| 2019 | +5.9% | -0.4 pp |
| 2018 | +6.3% | +0.5 pp |
| 2017 | +5.8% | -0.8 pp |
| 2016 | +6.6% | +3.2 pp |
| 2015 | +3.4% | +5.2 pp |
| 2014 | -1.8% | +4.8 pp |
| 2013 | -6.6% | -3.2 pp |
| 2012 | -3.4% | -3.8 pp |
| 2011 | +0.4% | -1.9 pp |
| 2010 | +2.3% | +4.3 pp |
| 2009 | -2.0% | -5.6 pp |
| 2008 | +3.6% | -1.5 pp |
| 2007 | +5.1% | +0.4 pp |
| 2006 | +4.7% | -0.2 pp |
| 2005 | +4.9% | -0.1 pp |
| 2004 | +5.0% | +2.4 pp |
| 2003 | +2.6% | -1.1 pp |
| 2002 | +3.7% | -0.3 pp |
| 2001 | +4.0% | -2.0 pp |
| 2000 | +6.0% | +1.0 pp |
| 1999 | +5.0% | -1.1 pp |
| 1998 | +6.1% | +3.5 pp |
| 1997 | +2.6% | +1.2 pp |
| 1996 | +1.4% | -8.5 pp |
| 1995 | +9.9% | +4.0 pp |
| 1994 | +5.9% | +5.2 pp |
| 1993 | +0.7% | -8.7 pp |
| 1992 | +9.4% | +8.7 pp |
| 1991 | +0.7% | -6.7 pp |
| 1990 | +7.4% | -0.7 pp |
| 1989 | +8.1% | -0.2 pp |
| 1988 | +8.3% | +1.2 pp |
| 1987 | +7.1% | +3.5 pp |
| 1986 | +3.6% | -1.1 pp |
| 1985 | +4.7% | -4.1 pp |
| 1984 | +8.8% | +3.5 pp |
| 1983 | +5.3% | -1.0 pp |
| 1982 | +6.3% | +3.2 pp |
| 1981 | +3.1% | -2.8 pp |
| 1980 | +5.9% | — |
4. Cyprus GDP Growth Performance
Current Growth Rate
+3.0%
(2026 to 2026)
5-Year Average
+4.5%
(2022 to 2026)
10-Year Average
+4.9%
(2017 to 2026)
20-Year Average
+2.8%
(2007 to 2026)
The economy benefits from tourism, business services, and foreign investment, while its small size makes external shocks more noticeable.
5. Cyprus GDP Growth Rate vs Asia and World
Cyprus
+3.0%
Asia Average
+2.4%
World Average
+2.8%
0.0%
1.5%
3.0%
Annual real GDP growth (%)
Cyprus’s GDP growth rate is approximately
0.6 pp
above the
Asia average
and
0.1 pp
above the world average.
6. Cyprus GDP Growth Rate Ranking in Asia
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #30 | Maldives | +3.0% |
| #31 | Afghanistan | +3.0% |
| #32 | Myanmar | +3.0% |
| #33 | Nepal | +3.0% |
| #34 | Cyprus | +3.0% |
| #35 | Jordan | +2.8% |
| #36 | Brunei | +2.6% |
| #37 | Turkmenistan | +2.6% |
| #38 | Azerbaijan | +2.2% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Cyprus
Cyprus GDP (Nominal)
$45.2 Billion
(2026)
Cyprus GDP Growth Rate
+3.0%
(2026)
Cyprus can outperform some euro-area economies when tourism and investment are strong. Its narrow economic base also creates greater sensitivity to regional conditions.
Explore more:
Cyprus GDP
9. Cyprus GDP Growth Rate Forecast
The outlook depends on tourism, investment, services, construction, and European demand. External shocks and financial-sector risks remain important.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +3.0% | +0.0 pp |
| 2028 | +3.0% | 0.0 pp |
| 2029 | +3.0% | 0.0 pp |
| 2030 | +3.0% | 0.0 pp |
10. Cyprus GDP Growth Rate: Key Findings
Cyprus GDP growth rate is estimated at +3.0% in 2026.
It ranks #98 globally and #34 in Asia by annual GDP growth rate.
The growth rate slowed by 0.9 percentage points compared with 2025.
The 5-year average GDP growth rate is +4.5%.
The 10-year average GDP growth rate is +4.9%.
The current rate is 0.6 percentage points above the Asia average.
The current rate is 0.1 percentage points above the world average.
The forecast GDP growth rate is +3.0% in 2030, 0.0 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Cyprus GDP Growth Rate FAQs
Cyprus GDP growth rate is estimated at +3.0% in 2026.
Cyprus ranks #98 globally and #34 in Asia by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +3.0% in 2026.
Cyprus GDP growth rate was +3.4% in 2015.
Cyprus GDP growth rate is 0.6 percentage points above the Asia average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.