Cyprus's service exports (current US$, BoP) was US$35.73 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 232.7% from US$10.74 billion in 2015 (12.77% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$35.73 billion | 2025 |
| Five years earlier | US$17 billion | 2020 |
| Ten years earlier | US$10.74 billion | 2015 |
| Highest | US$35.73 billion | 2025 |
| Lowest | US$175.88 million | 1976 |
| Average since 2016 | US$22.12 billion | 2016–2025 |
| First recorded | US$175.88 million |
What the numbers say
In 2025, Cyprus' service exports (current US$, BoP) rose 11.4% on 2024 (from US$32.06 billion to US$35.73 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +9.2% and a typical year strayed about 10.9% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 43.6% in 1979 and the biggest yearly fall was 12.7% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about US$2.73 billion a year. A straight line explains 96% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Cyprus had the 43rd highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Cyprus | US$35.73 billion | 2025 |
| World | US$9.56 trillion | 2025 |
| Europe & Central Asia | US$4.87 trillion | 2025 |
| High income | US$7.76 trillion | 2025 |
Closest to Cyprus in the 2025 ranking
- Macao SAR, China — 39th of 136: US$43.56 billion
- Hungary — 40th of 136: US$43.11 billion
- Indonesia — 41st of 136: US$42.58 billion
- Egypt, Arab Rep. — 43rd of 136: US$34.07 billion
- Morocco — 44th of 136: US$33.64 billion
- Viet Nam — 45th of 136: US$30.31 billion
What this measures
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 50 values
| Year | Service exports (current US$, BoP) |
|---|---|
| 2025 | 35,729,151,588 |
| 2024 | 32,059,140,171 |
| 2023 | 29,042,867,417 |
| 2022 | 27,302,031,254 |
| 2021 | 23,085,027,859 |
| 2020 | 17,004,044,366 |
| 2019 | 16,382,552,136 |
| 2018 | 14,784,631,490 |
| 2017 | 13,885,082,421 |
| 2016 | 11,961,566,164 |
Service exports (current US$, BoP) in nearby economies
- Albania — US$9.66 billion (2025)
- Armenia — US$6.07 billion (2025)
- Austria — US$105.49 billion (2025)
- Azerbaijan — US$8.6 billion (2025)
- Belarus — US$11.86 billion (2025)
- Belgium — US$160.95 billion (2025)
- Bosnia and Herzegovina — US$4.01 billion (2025)
- Bulgaria — US$18.62 billion (2025)
- Croatia — US$26.72 billion (2025)
- Czechia — US$47.54 billion (2025)
- Denmark
More economic policy & debt data for Cyprus
- Total reserves, including gold (current US$) — US$2.95 billion (2025)
- Total reserves, excluding gold (current US$) — US$999.53 million (2025)
- Food, beverages and tobacco (% of value added in manufacturing) — 32.67% (2023)
- Machinery and transport equipment (% of value added in manufacturing) — 13.81% (2023)
- Other manufacturing (% of value added in manufacturing) — 39.94% (2023)
- Textiles and clothing (% of value added in manufacturing) — 1.35% (2023)
- Chemicals (% of value added in manufacturing) — 12.23% (2023)
- Foreign direct investment, net inflows (BoP, current US$) — US$11.16 billion (2025)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Cyprus's service exports (current US$, BoP)?
- US$35.73 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 20,214% from US$175.88 million in 1976 (11.45% a year on average, compounded). The highest value was US$35.73 billion in 2025 and the lowest US$175.88 million in 1976.
- How does Cyprus rank?
- 43rd highest of 136 economies with data for 2025.
- Is the latest change in service exports (current US$, BoP) unusual for Cyprus?
- In 2025, Cyprus' service exports (current US$, BoP) rose 11.4% on 2024 (from US$32.06 billion to US$35.73 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +9.2% and a typical year strayed about 10.9% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BX.GSR.NFSV.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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