Production value of the food & beverage service industry in Cyprus 2012-2021
In 2021, the production value of the food and beverage service industry in Cyprus increased by 293.4 million euros (+34.01 percent) since 2020. The year 2021 therefore marks a significant change in the production value compared to the previous year.
The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalized production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Find more statistics on the food and beverage service industry in Cyprus with key insights such as turnover and personnel costs.
The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalized production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Find more statistics on the food and beverage service industry in Cyprus with key insights such as turnover and personnel costs.
