Cyprus: telecommunications sector production value 2020

In 2020, the production value of the telecommunications industry in Cyprus remained nearly unchanged at around 707.7 million euros. Still, the production value reached its highest value in the observed period in 2020.
The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.

Find more statistics on the telecommunications industry in Cyprus with key insights such as turnover, personnel costs, and number of employees.

Annual production value of the telecommunications sector in Cyprus from 2011 to 2020 (in million euros)

Characteristic	Annual production value in million euros
2020	707.7
2019	705.2
2018	685.3
2017	679.3
2016	664.2
2015	643.4
2014	629.5
2013	638.9
2012	645.9
2011	648.6

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Release date

March 2023

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Region

Cyprus

Survey time period

2011 to 2020

Supplementary notes

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 Section J61 of NACE Rev. 2.

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