Press Releases

The Statistical Service announces the first publication of the Supply, Use and Input-Output tables of Cyprus, for the years 2010-2018 in current prices and for the years 2015-2018 in previous year prices. It is noted that the tables will be published annually, no later than three years after the end of the reference year, in accordance with the provisions of Regulation (EU) No 549/2013.

For the year 2018, total supply and use at purchasers’ prices are balanced at €58.004,0 mn. Business services account for 38,6% of total supply, followed by manufacturing products 30,7% and distribution & transport services 12,2%. The share of other services in total supply is 9,8%, of construction works 6,8% and of agriculture, forestry & fishing products 1,9%.

The table below is an aggregated version of the 2018 Supply table at current prices. Total domestic production in basic prices is €40.341,1 mn in 2018, total imports €14.879,8 mn and net taxes on products €2.783,2 mn.

The domestic production accounts for 69,5% of total supply, imports for 25,7% and net taxes for 4,8%. Imports have a particularly large share (48,5%) of total supply of manufacturing products. Net taxes on products have a higher share in the supply of manufacturing products (9,8%) and construction works (8,4%), than in the other product categories.

The following table is an aggregated version of the 2018 Use table at current prices. Total intermediate consumption is €21.511,6 mn in 2018. Total final consumption is €18.811,7 mn, gross capital formation is valued at €4.180,3 mn and total exports at €13.500,4 mn.

Intermediate consumption has the largest share (37,1%) in total use. The second largest share of total use is final consumption (32,4%), followed by exports (23,3%) and gross capital formation (7,2%). Intermediate consumption makes up the majority of total use of agriculture, forestry and fishing products (50,7%) and business services (43,9%). Final consumption is the main use of manufacturing products (36,6%) and other services (91,2%), with the rest distributed mostly between intermediate consumption and exports. The supply of construction works is mostly used as gross capital formation (53,0%), closely followed by intermediate consumption (44,3%). Distribution and transport services are mostly exported (46,2%), with their next most important use being intermediate consumption (42,1%).

The Gross Value Added (GVA) at basic prices is calculated by deducting intermediate consumption at purchasers’ prices from domestic production at basic prices. To reach the Gross Domestic Product (GDP) at market prices, taxes less subsidies on products are added to GVA at basic prices.

Methodological Information

General Information

The Supply, Use and Input-Output Tables are an important part of the System of National Accounts, as they provide detailed information for the analysis of the transactions of goods and services by industries and consumers in the economy. The tables are matrices by product type and industry, describing how domestic production and imports are used for intermediate consumption and final uses.

Data coverage and collection

The tables cover the entire economy, including all institutional sectors, all products and types of economic activity. The economic operations with the rest of the world are also recorded.

The production of the SUIOT is based mainly on the results of the annual economic surveys of the Statistical Service of Cyprus, administrative sources, Government Finance Statistics and any data adjustments according to the European System of Accounts 2010 (ESA 2010).

For more information:

CYSTAT Portal, subtheme National Accounts

CYSTAT-DB (Online Database)

Methodological information

Contacts:

Michalis Charalambous: Tel.: +357 22602136, E-mail: micharalambous@cystat.mof.gov.cy

Demetris Ioannou: Tel.: +357 22605128, E-mail: dioannou@cystat.mof.gov.cy

(NG/ECHR)