Cyprus: professional & technical activities turnover 2022

The turnover of the professional, scientific, and technical industry in Cyprus increased by 298.5 million euros (+9.71 percent) in 2022. With 3.4 billion euros, the turnover thereby reached its highest value in the observed period. Notably, the turnover in this industry continuously increased over the last years.
Turnover is defined by Eurostat as the total of all sales (excluding VAT) of goods and services carried out by the enterprises of a given sector during the reference period.

Find more statistics on the professional, scientific, and technical industry in Cyprus with key insights such as production value, personnel costs, and number of employees.

Annual turnover of the professional, scientific, and technical activities industry in Cyprus from 2013 to 2022 (in million euros)

Characteristic	Annual turnover in million euros
2022p	3,371.25
2021	3,072.73
2020	2,554.2
2019	2,448.3
2018	2,192.1
2017	1,990.5
2016	1,782
2015	1,633.9
2014	1,470.6
2013	1,377.1

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Release date

March 2024

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Region

Cyprus

Survey time period

2013 to 2022

Supplementary notes

p: Provisional value.
The source adds the following information: Turnover corresponds to market sales of goods or services supplied to third parties, it includes all duties and taxes on the goods or services invoiced by the unit with the exception of the VAT invoiced by the unit to its customer and other similar deductible taxes directly linked to turnover, it also includes all other charges (transport, packaging, etc.) passed on to the customer.
Data coverage corresponds to Section M of CE Rev2.

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