Cyprus Remittances Received
Personal remittances received BX.TRF.PWKR.CD.DT
Cyprus's remittances received was $673.0M in 2025, ranked 106th globally. This represents a 0.6% decrease from 2024. Data from World Bank, covering 1976–2025.
Overview
Cyprus's remittances received stood at $673.0M in 2025, a decline of +$4.0M from 2024. Based on recent trends, this figure is projected to reach $673.0M by 2025. Cyprus ranked 106th globally.
Cyprus has experienced a significant oscillation in remittances received over the past five decades, with the indicator reaching its all-time peak in 2008 at 948,622,574.64, and its all-time trough in 2002 at 20,660,797.83. The country's remittances have been steadily increasing since the early 2000s, with the latest available data showing a value of 673,025,162.01 in 2025, ranking 106 globally. In comparison, Niger, which ranked higher at 106, received 733,569,732.98 in remittances in 2025. Despite this, Cyprus's remittances remain a vital source of income for the country, with the influx of foreign funds contributing to the local economy. A decline in remittances could have significant implications for Cyprus, highlighting the need for the government to diversify its economy and reduce reliance on foreign funds. A shift in global economic trends, particularly in the European Union, could alter the trajectory of remittances received by Cyprus in the coming years.
Data & projection
| Year | Remittances Received | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $718.0M | - | - |
| 2026* trend | $695.5M | - | - |
| 2025* trend | $673.0M | - | - |
| 2025 | $673.0M | −$4.0M | #106 |
| 2024 | $677.0M | +$43.7M | #79 |
| 2023 | $633.3M | +$110.8M | #80 |
| 2022 | $522.5M | −$104.6M | #72 |
| 2021 | $627.1M | +$59.5M | #84 |
| 2020 | $567.6M | +$32.2M | #84 |
| 2019 | $535.5M | +$14.3M | #79 |
| 2018 | $521.2M | +$56.7M | #78 |
| 2017 | $464.5M | +$77.5M | #76 |
| 2016 | $386.9M | +$73.2M | #72 |
| 2015 | $313.7M | −$9.4M | #67 |
| 2014 | $323.1M | −$107.9M | #65 |
| 2013 | $431.0M | −$170.1M | #75 |
| 2012 | $601.1M | −$139.4M | #87 |
| 2011 | $740.5M | −$121.2M | #94 |
Detected Pattern
Analysis
Cyprus matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →
Frequently Asked Questions
Cyprus's remittances received was $673.0M in 2025. Ranked 106th globally. This represents a 0.6% decrease from the previous year.
Cyprus's remittances received peaked at $948.6M in 2008.
The lowest remittances received in Cyprus was $20.7M in 2002.
Cyprus ranks 106th globally in remittances received as of 2025.
The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.
Cyprus's remittances received is projected to reach $673.0M by 2025 based on trend extrapolation.
Cyprus's remittances received was approximately 673.03 million ($673.0M) in 2025.
The remittances received of Cyprus in 2025 was $673.0M. This ranks 106th in the world.
Cite this page
@misc{historysaid_cyprus_remittances,
title = {Cyprus Remittances Received},
url = {https://historysaid.com/cyprus/remittances/},
publisher = {HistorySaid},
year = {2026}
}