Production value of ICT services in Cyprus 2011-2020
The production value of the ICT services industry in Cyprus increased by 907.4 million euros (+19.89 percent) in 2020 in comparison to the previous year. Therefore, the production value in Cyprus reached a peak in 2020 with 5.5 billion euros. Notably, the production value in this industry continuously increased over the last years.
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.
Find more statistics on the ICT services industry in Cyprus with key insights such as turnover, personnel costs, and number of employees.
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.
Find more statistics on the ICT services industry in Cyprus with key insights such as turnover, personnel costs, and number of employees.
