Cyprus Business-Funded R&D Expenditure (2023)
Cyprus's Business-Funded R&D Expenditure: 0.24 % of GDP in 2023, -0.04pp vs 2021. Eurostat (RD_E_GERDFUND), 2000–2023.
Cyprus (2023)
0.24
% of GDP
-0.04pp vs 2021
Change vs. prior observation
-0.04pp
percentage points
Trend
down
Series length
23
years of data
Data
| Year | % of GDP | Change |
|---|---|---|
| 2023 | 0.24 | n/a |
| 2021 | 0.28 | -0.03pp |
| 2020 | 0.31 | +0.05pp |
| 2019 | 0.26 | +0.05pp |
| 2018 | 0.21 | +0.03pp |
| 2017 | 0.18 | unchanged |
| 2016 | 0.18 | +0.08pp |
| 2015 | 0.1 | unchanged |
| 2014 | 0.1 | +0.02pp |
| 2013 | 0.08 | +0.02pp |
| 2012 | 0.06 | +0.01pp |
| 2011 | 0.05 | -0.01pp |
| 2010 | 0.06 | -0.01pp |
| 2009 | 0.07 | unchanged |
| 2008 | 0.07 | unchanged |
| 2007 | 0.07 | +0.01pp |
| 2006 | 0.06 | unchanged |
| 2005 | 0.06 | unchanged |
| 2004 | 0.06 | unchanged |
| 2003 | 0.06 | +0.01pp |
About this Dataset
Cyprus recorded 0.24 % of GDP in 2023. The latest change was -0.04pp. Across 2000–2023 the series ranges from 0.04 % of GDP in 2001 to 0.31 % of GDP in 2020.
This page tracks R&D expenditure funded by the business enterprise sector as a share of GDP in Cyprus. Business-funded R&D reflects private sector innovation investment and the depth of industry-driven research.
Data sourced from Eurostat via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks R&D expenditure funded by the business enterprise sector as a share of GDP in Cyprus. Business-funded R&D reflects private sector innovation investment and the depth of industry-driven research. It is published by Eurostat and updated annually.
The most recent observation covers 2023. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2000–2023 (23 observations).
The series peaked at 0.31 % of GDP in 2020 and reached its lowest recorded value of 0.04 % of GDP in 2001. The latest reading is 0.24 % of GDP in 2023. The latest change was -0.04pp.