Total supply and use at purchasers’ prices were balanced at €96,658.5m, according to Supply, Use and Input-Output tables of Cyprus for the year 2022 in current prices and in previous year prices that CySTAT has published.
Business services accounted for 48.4% of total supply, followed by manufacturing products 25.1% and distribution & transport services 10.5%. The share of other services in total supply was 8.4%, of construction works 6.2% and of agriculture, forestry & fishing products 1.4%.
According to an aggregated version of the 2022 supply table at current prices, total domestic production in basic prices was €64,381.7 mn in 2022, total imports €28,932m and net taxes on products €3,344.8 mn.
The domestic production accounted for 66.6% of total supply, imports for 29.9% and net taxes for 3.5%. Imports had a particularly large share (47.8%) of total supply of manufacturing products. Net taxes on products had a higher share in the supply of construction works (9.1%) and manufacturing products (7.6%), than in the other product categories.
According to an aggregated version of the 2022 Use table at current prices, total intermediate consumption was €38,081.2m in 2022. Total final consumption was €23,965.8m, gross capital formation was valued at €6,105.5m and total exports at €28,506.1m.
Intermediate consumption had the largest share (39.4%) in total use. The second largest share of total use was exports (29.5%), followed by final consumption (24.8%) and gross capital formation (6.3%).
Intermediate consumption made up the majority of total use of agriculture, forestry and fishing products (51.4%), manufacturing products (39.2%) and business services (43.5%). Final consumption was the main use of other services (88.1%), with the rest distributed mostly between intermediate consumption and exports.
The supply of construction works was mostly used as gross capital formation (55.5%), closely followed by intermediate consumption (43.5%). Distribution and transport services were mostly exported (49%), with their next most important use being intermediate consumption (42.8%).
The Gross Value Added (GVA) at basic prices (€26,300.6) was calculated by deducting intermediate consumption at purchasers’ prices (€38,081.2) from domestic production at basic prices (€64,381.7).
To reach the Gross Domestic Product (GDP) at market prices (€29,645.4), taxes less subsidies on products (€3,344.8) were added to GVA at basic prices (€26,300.6).
(Source: CNA)
