The production value of the ICT services industry in Cyprus increased by 1.9 billion euros (+34.96 percent) in 2021 in comparison to the previous year. With 7.4 billion euros, the production value thereby reached its highest value in the observed period. Notably, the production value in this industry continuously increased over the last years. The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.
The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. 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 capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value. Data coverage corresponds to aggregate G-U_ICT of CE Rev2.
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Eurostat. (March 22, 2024). Annual production value of the information and communication technology (ICT) services sector in Cyprus from 2012 to 2021 (in million euros) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/418978/production-value-ict-services-industry-cyprus/
Eurostat. "Annual production value of the information and communication technology (ICT) services sector in Cyprus from 2012 to 2021 (in million euros)." Chart. March 22, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/418978/production-value-ict-services-industry-cyprus/
Eurostat. (2024). Annual production value of the information and communication technology (ICT) services sector in Cyprus from 2012 to 2021 (in million euros). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/418978/production-value-ict-services-industry-cyprus/
Eurostat. "Annual Production Value of The Information and Communication Technology (Ict) Services Sector in Cyprus from 2012 to 2021 (in Million Euros)." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/418978/production-value-ict-services-industry-cyprus/
Eurostat, Annual production value of the information and communication technology (ICT) services sector in Cyprus from 2012 to 2021 (in million euros) Statista, https://www.statista.com/statistics/418978/production-value-ict-services-industry-cyprus/ (last visited August 25, 2024)
Annual production value of the information and communication technology (ICT) services sector in Cyprus from 2012 to 2021 (in million euros) [Graph], Eurostat, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/418978/production-value-ict-services-industry-cyprus/