Cyprus's GDP Base Year

BASE YEAR USED FOR NATIONAL ACCOUNTS


A base year refers to the base point in time of a time series such as with a GDP deflator to convert GDP at current market prices into GDP at constant prices.

The reliability of GDP data is distorted by the failure of countries to regularly update their base years.

When GDP is revised and the base year is updated, it allows the statistician to reweight the relative importance of the different sectors of economic activity, and further change or reconsider the methods and data sources.

Cyprus's base year is Chained. This means GDP data uses a year-by-year chain linking method for compensating for monetary inflation and deflation. This is the reccommened method for ensuring GDP calculations are up to date.

Cyprus's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries.

Data source: World Economics Research, London


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GDP Base Year (Most Recent Year): All Countries Base Year World Economics
Data Quality Rating
(A-E)



Albania Chained C
Algeria Chained C
Armenia Chained B
Australia Chained A
Austria Chained A
Azerbaijan Chained D
Belarus Chained C
Belgium Chained A
Benin Chained C
Bosnia and Herzegovina Chained D
Brazil Chained B
Bulgaria Chained B
Canada Chained A
Chile Chained A
Colombia Chained B
Comoros Chained D
Costa Rica Chained B
Croatia Chained B
Cyprus Chained A
Czechia Chained A
Denmark Chained A
Dominican Republic Chained B
Estonia Chained B
Finland Chained A
France Chained A
Georgia Chained B
Germany Chained A
Greece Chained B
Guatemala Chained D
Hong Kong Chained A
Hungary Chained B
Iceland Chained A
Ireland Chained A
Israel Chained A
Italy Chained A
Japan Chained A
Kazakhstan Chained D
Korea, Rep. Chained A
Kyrgyzstan Chained D
Latvia Chained B
Lebanon Chained D
Lithuania Chained B
Luxembourg Chained A
Malta Chained B
Mauritius Chained B
Moldova Chained B
Morocco Chained C
Netherlands Chained A
New Zealand Chained A
Nicaragua Chained D
North Macedonia Chained B
Norway Chained A
Panama Chained D
Poland Chained B
Portugal Chained A
Romania Chained B
Russia Chained C
Singapore Chained A
Slovak Republic Chained B
Slovenia Chained A
Spain Chained A
Sweden Chained A
Switzerland Chained A
Taiwan Chained A
Tajikistan Chained E
Thailand Chained D
Tunisia Chained D
Türkiye Chained B
Turkmenistan Chained D
Ukraine Chained C
United Arab Emirates Chained B
United Kingdom Chained A
United States Chained A
Uzbekistan Chained D
Oman 2018 B
Philippines 2018 C
Qatar 2018 B
Malawi 2017 C
Rwanda 2017 C
Tanzania 2017 D
Bangladesh 2016 E
Botswana 2016 C
Cameroon 2016 D
Egypt 2016 D
Jordan 2016 B
Kenya 2016 D
Liberia 2016 E
Myanmar 2016 D
Pakistan 2016 D
Togo 2016 C
Uganda 2016 D
Uruguay 2016 B
Burkina Faso 2015 C
China 2015 C
Cote d'Ivoire 2015 C
Ethiopia 2015 E
Guinea-Bissau 2015 E
Malaysia 2015 B
Mongolia 2015 B
Namibia 2015 C
Niger 2015 C
Serbia 2015 B
South Africa 2015 B
Sri Lanka 2015 C
Suriname 2015 C
El Salvador 2014 C
Mauritania 2014 D
Mozambique 2014 D
Paraguay 2014 D
Senegal 2014 C
Gambia 2013 D
Ghana 2013 C
Libya 2013 E
Mexico 2013 C
Papua New Guinea 2013 E
Bahamas, The 2012 B
Guyana 2012 E
Laos 2012 E
Lesotho 2012 C
Zimbabwe 2012 E
Eswatini 2011 D
Haiti 2011 E
India 2011 C
Bahrain 2010 C
Guinea 2010 E
Indonesia 2010 C
Kuwait 2010 D
Nigeria 2010 E
Saudi Arabia 2010 C
Vietnam 2010 E
Zambia 2010 D
Ecuador 2007 D
Jamaica 2007 E
Madagascar 2007 E
Peru 2007 D
Yemen, Rep. 2007 E
Sierra Leone 2006 D
Burundi 2005 E
Central African Republic 2005 E
Chad 2005 E
Congo, Dem. Rep 2005 E
Congo, Rep. 2005 E
Argentina 2004 C
Afghanistan 2002 E
Angola 2002 E
Gabon 2001 E
Bhutan 2000 E
Cambodia 2000 E
Honduras 2000 E
Nepal 2000 E
Mali 1999 E
Sudan 1996 E
Bolivia 1990 E


Data quality rating definitions:
         A: As good as it gets
         B: Good
         C: Use with caution
         D: Poor
         E: Extremely poor quality


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