Cyprus GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Cyprus's gdp deflator was 6.80% in 2025, ranked 86th globally. This represents a 117.9% increase from 2024. Data from World Bank, covering 1976–2025.
Overview
Cyprus's gdp deflator stood at 6.80% in 2025, a rise of +3.68pp from 2024. Based on recent trends, this figure is projected to reach 6.80% by 2025. Cyprus ranked 86th globally.
Cyprus's GDP Deflator has demonstrated significant fluctuations over the 50-year coverage period, with an all-time peak of 14.15% in 1980 and an all-time trough of -1.34% in 2014. The indicator has also shown a notable decline from its peak year, suggesting a moderation in inflationary pressures. In recent years, Cyprus's GDP Deflator has stabilized at lower levels, currently standing at 6.80% globally, ranking 86th. This is comparable to peer countries such as Iceland, which has a slightly higher inflation rate of 6.88%. The decline in inflation in Cyprus contrasts with the experience of some other countries, such as Austria, which has maintained a relatively stable inflation rate of 6.64% over the same period. The trend suggests that Cyprus's inflation environment has become more stable, but a significant increase in energy prices or other external shocks could potentially alter this trajectory and lead to a rise in the GDP Deflator.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 9.05% | - | - |
| 2026* trend | 7.93% | - | - |
| 2025* trend | 6.80% | - | - |
| 2025 | 6.80% | +3.68pp | #86 |
| 2024 | 3.12% | −2.48pp | #78 |
| 2023 | 5.60% | −1.02pp | #108 |
| 2022 | 6.62% | +3.59pp | #94 |
| 2021 | 3.03% | +4.24pp | #76 |
| 2020 | -1.21% | −2.56pp | #34 |
| 2019 | 1.35% | +0.32pp | #74 |
| 2018 | 1.03% | +0.01pp | #36 |
| 2017 | 1.02% | +1.60pp | #40 |
| 2016 | -0.57% | +0.18pp | #24 |
| 2015 | -0.75% | +0.58pp | #34 |
| 2014 | -1.34% | −0.40pp | #15 |
| 2013 | -0.94% | −2.62pp | #16 |
| 2012 | 1.68% | +0.06pp | #53 |
| 2011 | 1.62% | −0.27pp | #42 |
Detected Pattern
Analysis
Cyprus matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Cyprus's gdp deflator was 6.80% in 2025. Ranked 86th globally. This represents a 117.9% increase from the previous year.
Cyprus's gdp deflator peaked at 14.15% in 1980.
The lowest gdp deflator in Cyprus was -1.34% in 2014.
Cyprus ranks 86th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Cyprus's gdp deflator is projected to reach 6.80% by 2025 based on trend extrapolation.
The gdp deflator of Cyprus in 2025 was 6.80%. This ranks 86th in the world.
Cite this page
@misc{historysaid_cyprus_gdp-deflator,
title = {Cyprus GDP Deflator},
url = {https://historysaid.com/cyprus/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}