Spending by a countrys residents while travelling abroad in Cyprus

Cyprus: Spending by a countrys residents while travelling abroad was 2.73 billion in 2024. ▲ Rising

Latest (2024)
2.73 billion
Change on year
up 8.7%
World rank
69th
of 199 countries
All-time high
2.73 billion
in 2024
All-time low
473.48 million
in 1995
Years of data
30
1995–2024

Spending by a countrys residents while travelling abroad in Cyprus, 1995–2024

500.0M1.0B1.5B2.0B2.5B1995200920241995: 473.5M1996: 500.4M1997: 511.0M1998: 536.0M1999: 560.0M2000: 543.0M2001: 568.0M2002: 582.0M2003: 700.3M2004: 906.6M2005: 1.0B2006: 1.0B2007: 1.6B2008: 2.0B2009: 1.7B2010: 1.3B2011: 1.4B2012: 1.3B2013: 1.3B2014: 1.3B2015: 1.5B2016: 1.6B2017: 1.4B2018: 1.6B2019: 1.6B2020: 752.4M2021: 1.1B2022: 1.8B2023: 2.5B2024: 2.7B

Source: Our World in Data.

Analysis

Cyprus recorded 2.73 billion for spending by a countrys residents while travelling abroad in 2024. That is the highest value across all 30 years on record.

Compared with earlier readings it is up 8.7% on the previous year and up 103.5% over ten years.

Over the whole period, spending by a countrys residents while travelling abroad in Cyprus peaked at 2.73 billion in 2024 and was at its lowest, 473.48 million, in 1995.

That places Cyprus 69th out of 199 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently rising across the 30 years of available data.

Spending by a countrys residents while travelling abroad in Cyprus, year by year

Annual values for Spending by a countrys residents while travelling abroad in Cyprus, 1995 to 2024.
Year Value Change
1995 473.48 million —
1996 500.43 million +5.7%
1997 511.00 million +2.1%
1998 536.00 million +4.9%
1999 560.00 million +4.5%
2000 543.00 million -3.0%
2001 568.00 million +4.6%
2002 582.00 million +2.5%
2003 700.29 million +20.3%
2004 906.64 million +29.5%
2005 1.00 billion +10.4%
2006 1.03 billion +3.0%
2007 1.55 billion +50.7%
2008 1.97 billion +26.7%
2009 1.74 billion -11.5%
2010 1.32 billion -24.2%
2011 1.37 billion +3.5%
2012 1.32 billion -3.5%
2013 1.25 billion -4.9%
2014 1.34 billion +7.1%
2015 1.45 billion +8.2%
2016 1.56 billion +7.3%
2017 1.38 billion -11.6%
2018 1.57 billion +13.9%
2019 1.64 billion +4.2%
2020 752.44 million -54.0%
2021 1.08 billion +43.7%
2022 1.80 billion +66.7%
2023 2.52 billion +39.6%
2024 2.73 billion +8.7%

Cyprus compared with similar countries

  • Cyprus's 2.73 billion is below the median for high income countries, which is 4.47 billion, 61% of the median. (71 countries reporting)
  • Cyprus's 2.73 billion is below the median for Europe & Central Asia, which is 4.98 billion, 55% of the median. (49 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 516.18 million 473.48 million 560.00 million 5
2000s 1.06 billion 543.00 million 1.97 billion 10
2010s 1.42 billion 1.25 billion 1.64 billion 10
2020s 1.78 billion 752.44 million 2.73 billion 5

Countries ranked near Cyprus

  1. 66 Venezuela 2.92 billion compare
  2. 67 Slovakia 2.81 billion compare
  3. 68 Slovenia 2.79 billion compare
  4. 70 Libya 2.68 billion compare
  5. 71 Croatia 2.67 billion compare
  6. 72 Bangladesh 2.57 billion compare

See the full ranking of 199 places →

More reference data data for Cyprus

All data for Cyprus →

Frequently asked questions

What is spending by a countrys residents while travelling abroad in Cyprus?
Spending by a countrys residents while travelling abroad in Cyprus was 2.73 billion in 2024, according to Our World in Data.
What is the highest spending by a countrys residents while travelling abroad recorded in Cyprus?
The highest recorded value was 2.73 billion in 2024.
What is the lowest spending by a countrys residents while travelling abroad recorded in Cyprus?
The lowest recorded value was 473.48 million in 1995.
How does Cyprus rank for spending by a countrys residents while travelling abroad?
Cyprus ranks 69th out of 199 countries with data for 2024.
Is spending by a countrys residents while travelling abroad rising or falling in Cyprus?
Over the last ten years it is up 103.5%. The long-run trend across the full record is rising.
Where does this Cyprus data come from?
The figures come from Our World in Data, published as part of Spending by a countrys residents while travelling abroad. Statizoid updates them automatically from the source API.

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Spending by a countrys residents while travelling abroad in Cyprus. Statizoid, drawing on Our World in Data. Retrieved 15 November 2026, from https://reference.statizoid.com/stat/spending-by-a-countrys-residents-while-travelling-abroad/cyprus/

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About this data

Indicator
Spending by a countrys residents while travelling abroad
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
199 places, 4,611 data points, 1995–2024
Last refreshed