Cyprus: ICT services production value 2021

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.

Find more statistics on the ICT services industry in Cyprus with key insights such as turnover, personnel costs, and number of employees.

Annual production value of the information and communication technology (ICT) services sector in Cyprus from 2012 to 2021 (in million euros)

Characteristic	Annual production value in million euros
2021	7,382.67
2020	5,470.3
2019	4,562.9
2018	3,447.1
2017	3,161.2
2016	2,710.9
2015	2,250.6
2014	1,981.9
2013	1,954.6
2012	1,648.8

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

March 2024

More information

Region

Cyprus

Survey time period

2012 to 2021

Supplementary notes

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.

Citation formats