Services, Debit/Expenditure in Cyprus

Cyprus: Services, Debit/Expenditure was 23.20 billion in 2024. β—† Volatile

Latest (2024)
23.20 billion
Change on year
up 14.0%
World rank
47th
of 198 countries
All-time high
23.20 billion
in 2024
All-time low
2.71 billion
in 2005
Years of data
20
2005–2024

Services, Debit/Expenditure in Cyprus, 2005–2024

5.0B10.0B15.0B20.0B25.0B2005201420242005: 2.7B2006: 3.0B2007: 3.8B2008: 5.8B2009: 5.1B2010: 5.3B2011: 5.7B2012: 5.5B2013: 6.5B2014: 7.1B2015: 6.6B2016: 6.9B2017: 8.3B2018: 9.1B2019: 10.9B2020: 12.5B2021: 16.5B2022: 20.1B2023: 20.4B2024: 23.2B

Source: International Monetary Fund.

Analysis

Cyprus recorded 23.20 billion for services, debit/expenditure in 2024. That is the highest value across all 20 years on record.

The figure is up 14.0% on the previous year and up 224.9% over ten years.

Over the whole period, services, debit/expenditure in Cyprus peaked at 23.20 billion in 2024 and was at its lowest, 2.71 billion, in 2005.

That places Cyprus 47th out of 198 countries with data for 2024, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 4.06 billion 2.71 billion 5.79 billion 5
2010s 7.20 billion 5.34 billion 10.94 billion 10
2020s 18.54 billion 12.50 billion 23.20 billion 5

Countries ranked near Cyprus

  1. 44 Hungary 27.94 billion compare
  2. 45 Portugal 27.92 billion compare
  3. 46 Egypt, Arab Republic of 27.49 billion compare
  4. 48 Ukraine 22.93 billion compare
  5. 49 Argentina 22.92 billion compare
  6. 50 Chile 21.11 billion compare

See the full ranking of 207 places β†’

More trade data for Cyprus

All data for Cyprus β†’

Frequently asked questions

What is services, debit/expenditure in Cyprus?
Services, debit/expenditure in Cyprus was 23.20 billion in 2024, according to International Monetary Fund.
What is the highest services, debit/expenditure recorded in Cyprus?
The highest recorded value was 23.20 billion in 2024.
What is the lowest services, debit/expenditure recorded in Cyprus?
The lowest recorded value was 2.71 billion in 2005.
How does Cyprus rank for services, debit/expenditure?
Cyprus ranks 47th out of 198 countries with data for 2024.
Is services, debit/expenditure rising or falling in Cyprus?
Over the last ten years it is up 224.9%. The long-run trend across the full record is volatile.
Where does this Cyprus data come from?
The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.

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Services, Debit/Expenditure in Cyprus. Statizoid, drawing on International Monetary Fund. Retrieved 18 August 2026, from https://trade.statizoid.com/stat/services-debit-expenditure-us-dollar/cyprus/

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About this data

Indicator
Services, Debit/Expenditure (US dollar)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
207 places, 3,864 data points, 2005–2024
Last refreshed

The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.