Cyprus: Savings, percent of GDP
* indicates monthly or quarterly data series
| Cyprus |
Savings as percent of GDP |
|---|---|
| Latest value | 10.65 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1976 - 2024 |
| Average | 17.95 |
| Min - Max | 9.18 - 26.91 |
| Source | The World Bank |
The latest value from 2024 is 10.65 percent, a decline from 10.78 percent in 2023. In comparison, the world average is 22.88 percent, based on data from 84 countries. Historically, the average for Cyprus from 1976 to 2024 is 17.95 percent. The minimum value, 9.18 percent, was reached in 2014 while the maximum of 26.91 percent was recorded in 1986.
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* indicates monthly or quarterly data series
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The savings in Cyprus and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 11.14 | 2024 | percent |
| Share of manufacturing | 4.46 | 2024 | percent |
| Share of services | 76.48 | 2024 | percent |
| Industry value added | 3.75 | 2024 | billion U.S. dollars |
| Manufacturing value added | 1.52 | 2024 | billion U.S. dollars |
| Services value added | 27.94 | 2024 | billion U.S. dollars |
| Savings, percent of GDP | 10.65 | 2024 | percent |
| Savings, in dollars | 4.69 | 2024 | billion U.S. dollars |