In 2021, the production value of the air transport industry in Cyprus increased by two million euros (+11.49 percent) since 2020. In total, the production value amounted to 19.42 million euros in 2021. This increase was preceded by a declining production value in this industry. 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.
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 code H51 of CE Rev 2.
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Eurostat. (March 22, 2024). Annual production value of the air transport industry in Cyprus from 2011 to 2021 (in million euros) [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/521656/production-value-air-transport-industry-cyprus/
Eurostat. "Annual production value of the air transport industry in Cyprus from 2011 to 2021 (in million euros)." Chart. March 22, 2024. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/521656/production-value-air-transport-industry-cyprus/
Eurostat. (2024). Annual production value of the air transport industry in Cyprus from 2011 to 2021 (in million euros). Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/521656/production-value-air-transport-industry-cyprus/
Eurostat. "Annual Production Value of The Air Transport Industry in Cyprus from 2011 to 2021 (in Million Euros)." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/521656/production-value-air-transport-industry-cyprus/
Eurostat, Annual production value of the air transport industry in Cyprus from 2011 to 2021 (in million euros) Statista, https://www.statista.com/statistics/521656/production-value-air-transport-industry-cyprus/ (last visited December 18, 2024)
Annual production value of the air transport industry in Cyprus from 2011 to 2021 (in million euros) [Graph], Eurostat, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/521656/production-value-air-transport-industry-cyprus/