Key Market Indicators
Cypriot manufacturing output is projected to reach €6.8 billion by 2028, up from €4.8 billion in 2023. This marks an average annual growth rate of 5.6%. Since 2000, the manufacturing supply in Cyprus has seen a significant increase, growing at an average rate of 7.7% per year. In the 2023 rankings, Cyprus secured the 34th position, with Macedonia surpassing it at the same €4.8 billion mark. In the broader European context, Italy, France, and Spain hold the second, third, and fourth positions, respectively, in manufacturing output.
