Cyprus: Transport services (% of service exports, BoP)

Key figures

What the numbers say

In 2025, Cyprus' transport services (% of service exports, BoP) fell 0.9 percentage points on 2024 (from 16.88% to 15.98%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.13 percentage points and a typical year strayed about 2.25 percentage points from that (the standard deviation). This year's change was 0.5 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 6.11 percentage points in 2008 and the biggest yearly fall was 3.37 percentage points in 2014. 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 downward, about 1.22 percentage points a year. A straight line explains 94% 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.

A straight-line projection, tested first

Extending that straight line gives about 12.38% for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 0.92%, against 1.3% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2025, Cyprus had the 61st highest value of the 134 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.

Closest to Cyprus in the 2025 ranking

• Colombia — 57th of 134: 16.86%
• Netherlands — 58th of 134: 16.06%
• Bahrain — 59th of 134: 16.02%
• Ukraine — 61st of 134: 15.84%
• Bangladesh — 62nd of 134: 15.84%
• Serbia — 63rd of 134: 15.74%

What this measures

Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 50 values

Transport services (% of service exports, BoP) in nearby economies

• Albania — 10.9% (2025)
• Armenia — 7.62% (2025)
• Austria — 22.34% (2025)
• Azerbaijan — 42.52% (2025)
• Belarus — 42.31% (2021)
• Belgium — 19.66% (2025)
• Bosnia and Herzegovina — 16.86% (2025)
• Bulgaria — 15.48% (2025)
• Croatia — 6.95% (2025)
• Czechia — 22.08% (2025)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cyprus's transport services (% of service exports, BoP)?

15.98% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1976?

It is down 2.44 percentage points from 18.42% in 1976. The highest value was 34.75% in 2010 and the lowest 12.55% in 1992.

How does Cyprus rank?

Source

World Bank, World Development Indicators, indicator BX.GSR.TRAN.ZS, 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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