According to the results of the wholesale and retail trade survey, the main figures in the commercial sector in 2020 recorded a negative growth rate compared to 2019.
In particular, turnover in the broader commercial sector decreased in 2020 by 4.8% to €12,673.7 million compared to €13,319.4 million in 2019. By sector, turnover in wholesale and retail trade and repair of motor vehicles and motorcycles decreased by 7.5% to €906.3 million, in wholesale trade by 5.8% to €5,872.2 million and in retail trade by 3.4% to €5,895.2 million.
The sector's output value reached €3,260.0 million in 2020, down 4.3% compared to 2019.
In the commercial sector as a whole, value added at current prices decreased by 2.2% to €2,072.7 million in 2020 from €2,118.3 million in 2019. In wholesale and retail trade and repair of motor vehicles and motorcycles, value added decreased by 3.9% to €187.4 million, in wholesale trade it increased by 0.2% to €922.0 million and in retail trade it decreased by 3.9% to €963.3 million.
Employment in the sector decreased by 2.0% in 2020 to 72.1 thousand from 73.6 thousand in 2019. Trade and repair of motor vehicles and motorcycles employed 8.8 thousand, wholesale trade 24.6 thousand and retail trade 38.7 thousand.
| Table | |
| NACE Avаθ. 2 |
Economic Activity |
[TD]
Business Cycle
[/TD] [TD] [TD]Value added at current prices
[/TD] [TD]Employment
[/TD][TR] [TD]
€m.
[/TD] [TD]%*
[/TD] [TD]€m.
[/TD] [TD]%*
[/TD] [TD]Number
[/TD] [TD]%*
[/TD] [/TR] [TR] [TD]G
[/TD] [TD]Wholesale and Retail, Repair of motor vehicles and motorcycles
[/TD] [/TD] [TD]12.673.7
[/TD] [TD]-4.8
[/TD] [TD]2,072.7
[/TD] [TD]-2.2
[/TD] [TD]72.127
[/TD] [TD]-2.0
[/TD] [/TR] [TR] [TD]45
[/TD] [TD]Wholesale and retail trade and repair of motor vehicles and motorcycles
[/TD] [TD]906,3
[/TD] [TD]-7,5
[/TD] [TD]187,4
[/TD] [TD]-3,9
[/TD] [TD]8.817
[/TD] [TD]-0,7
[/TD] [/TR] [TR] [TD]46
[/TD] [TD]Wholesale trade,
except of motor vehicles and motorcycles
5.872,2
[/TD] [TD]-5,8
[/TD] [TD]922,0
[/TD] [TD]0,2
[/TD] [TD]24.629
[/TD] [TD]-0,1
[/TD] [/TR] [TR] [TD]47
[/TD] [TD]Retail trade,
excluding motor vehicles and motorcycles
5.895,2
[/TD] [TD]-3,4
[/TD] [TD]963,3
[/TD] [TD]-3,9
[/TD] [TD]38.681
[/TD] [TD]-3.4
[/TD] [/TR] [TR] [TD]* Annual percentage change in 2020 compared to 2019.
[/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR]
Methodological information
Definitions
Turnover - The total value of sales of goods and services, excluding VAT.
Production value - Obtained after adding to turnover other income and any changes in the value of inventories at the end of the year and deducting the value of goods purchased for resale.
Value added at current prices - Obtained after deducting from the production value the total expenditure on production costs, administrative costs and rents paid for buildings and machinery.
Employment - The total number of working owners and full-time and part-time employees during the year.
Coverage and data collection
The wholesale and retail trade survey covers a sample of approximately 2 320 enterprises whose main activity falls within Division G of the NACE Rev. 2 of the European Union's classification of economic activities NACE G, namely Classes 45 (wholesale and retail trade and repair of motor vehicles and motorcycles), 46 (wholesale trade, except of motor vehicles and motorcycles) and 47 (retail trade, except of motor vehicles and motorcycles).
Data collection by the Statistical Office is carried out by telephone interviews, by e-mail, by personal interviews in enterprises and by using administrative sources.
For more information, interested parties can visit theStatistical Office Portal, under Wholesale and Retail Trade Προκαθορισμένοι Tables (Excel) Methodological Information or contact Mrs. Constantia Sergidi, tel. tel.: ksergidi@cystat.mof.gov.cy
(EC/IC)
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