In 2021, total supply and use at purchasers’ prices balanced at €77.758,9m, newly released figures show

For the year 2021, total supply and use at purchasers’ prices are balanced at €77.758,9m, CySTAT has revealed.

More specifically, it announced the publication of the Supply, Use and Input-Output tables of Cyprus, for the year 2021 in current prices and in previous year prices. It is noted that the data for the year 2020 has been revised.

CySTAT said that for the year 2021, total supply and use at purchasers’ prices are balanced at €77.758,9m. Business services account for 47.1% of total supply, followed by manufacturing products with 24.8% and distribution & transport services with 10.3%. The share of other services in total supply is 9.2%, of construction works 7.0% and of agriculture, forestry & fishing products 1.6%.

It says that total domestic production in basic prices is €53.391,0m in 2021, total imports €21.484,7m and net taxes on products €2.883,2m. The domestic production accounts for 68.7% of total supply, imports for 27.6% and net taxes for 3.7%.

Imports have a particularly large share (44.4%) of total supply of manufacturing products. Net taxes on products have a higher share in the supply of manufacturing products (8.7%) and construction works (7.9%), than in the other product categories.

Total intermediate consumption is €30.594,2m in 2021. Total final consumption is €20.385,5m, gross capital formation is valued at €5.104,2m and total exports at €21.675,1m. Intermediate consumption has the largest share (39.3%) in total use.

The second largest share of total use is exports (27.9%), followed by final consumption (26.2%) and gross capital formation (6.6%). Intermediate consumption makes up the majority of total use of agriculture, forestry and fishing products (52.6%), manufacturing products (38.7%) and business services (43.9%).

Final consumption is the main use of other services (88.2%), with the rest distributed mostly between intermediate consumption and exports. The supply of construction works is mostly used as gross capital formation (55.6%), closely followed by intermediate consumption (43.5%).

Distribution and transport services are mostly exported (48.9%), with their next most important use being intermediate consumption (44.2%), CySTAT says.

(Source: CNA)