Cyprus's trade in services (% of GDP) was 148.05% in 2025, the latest year in the World Bank's World Development Indicators. That is up 60.95 percentage points from 87.09% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 148.05% | 2025 |
| Five years earlier | 115.45% | 2020 |
| Ten years earlier | 87.09% | 2015 |
| Highest | 151.94% | 2022 |
| Lowest | 34.79% | 1980 |
| Average since 2016 | 121.71% | 2016–2025 |
| First recorded | 49.9% | 1976 |
What the numbers say
In 2025, Cyprus' trade in services (% of GDP) rose 1.22 percentage points on 2024 (from 146.82% to 148.05%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +3.32 percentage points and a typical year strayed about 6.55 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below 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 21.47 percentage points in 2022 and the biggest yearly fall was 11.62 percentage points in 1980. 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 7.72 percentage points a year. A straight line explains 89% 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 3rd highest value of the 135 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 | 148.05% | 2025 |
| World | 15.19% | 2025 |
| Europe & Central Asia | 28.2% | 2025 |
| High income | 18.51% | 2025 |
Closest to Cyprus in the 2025 ranking
- Luxembourg — 1st of 135: 321.71%
- Ireland — 2nd of 135: 148.86%
- Singapore — 4th of 135: 133.66%
- Seychelles — 5th of 135: 127.53%
- Maldives — 6th of 135: 99.36%
What this measures
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 50 values
| Year | Trade in services (% of GDP) |
|---|---|
| 2025 | 148.05 |
| 2024 | 146.82 |
| 2023 | 140.82 |
| 2022 | 151.94 |
| 2021 | 130.48 |
| 2020 | 115.45 |
| 2019 | 104.32 |
| 2018 | 92.7 |
| 2017 | 96.73 |
| 2016 | 89.74 |
| 2015 |
Trade in services (% of GDP) in nearby economies
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 trade in services (% of GDP)?
- 148.05% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 98.15 percentage points from 49.9% in 1976. The highest value was 151.94% in 2022 and the lowest 34.79% in 1980.
- How does Cyprus rank?
- 3rd highest of 135 economies with data for 2025.
- Is the latest change in trade in services (% of GDP) unusual for Cyprus?
- In 2025, Cyprus' trade in services (% of GDP) rose 1.22 percentage points on 2024 (from 146.82% to 148.05%). Across the 30 yearly changes before that (1995 to 2024), the average change was +3.32 percentage points and a typical year strayed about 6.55 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below 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 BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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