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Contribution of ship-management companies  to the GDP of Cyprus Contribution of ship-management companies to the GDP of Cyprus

Contribution of Ship-management Companies to the GDP of Cyprus


The Cyprus Shipping Chamber welcomes the results of the newest ‘Ship Management Report’, published by the Statistics Department of the Central Bank of Cyprus, which covers the period January 01 – 30 June 30.

The report indicated that industry revenues from ship-management companies increased during the first half of the year, reaching EUR506 million, percentage of 5,1 percent of Cyprus’s GDP, which is the highest level recorded since 2013.

These significant results prove once again the contribution of Cyprus Shipping, as it remains one of the most important ‘blood donors’ of the Cyprus economy with tangible prospects for further development. In addition, it is worth mentioning that, in a very few other maritime nations, the economic contribution of the local shipping industry reaches such high level.