Cyprus Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Cyprus's government debt to gdp was 57.71% in 2025, ranked 83rd globally. This represents a 11.3% decrease from 2024. Data from IMF WEO, covering 1995–2025.
Overview
Cyprus's government debt to gdp stood at 57.71% in 2025, a decline of +7.38% from 2024. The IMF projects 57.71% by 2025. Cyprus ranked 83rd globally.
Cyprus's government debt to GDP ratio has experienced considerable fluctuations over the past three decades. The ratio peaked in 2020 at 113.60, a stark contrast to the 2008 trough of 44.13. This significant increase was largely driven by the COVID-19 pandemic and subsequent economic challenges. Currently, Cyprus's government debt to GDP ratio stands at 57.71, ranking it 83rd globally. A comparison with peer countries reveals that Cyprus's ratio is higher than the Philippines' 58.17 but lower than Mexico's 58.85. The country's debt has steadily increased since 2008, with some respite in the intervening years. However, the recent uptick in the ratio suggests that Cyprus's fiscal position remains fragile. To alter this trajectory, the government would need to implement sustained fiscal consolidation measures, such as reducing expenditures or increasing revenue, to stabilize the debt-to-GDP ratio and align it with the country's long-term economic goals.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 38.31% | - | - |
| 2029* IMF | 42.16% | - | - |
| 2028* IMF | 44.26% | - | - |
| 2027* IMF | 48.71% | - | - |
| 2026* IMF | 53.69% | - | - |
| 2025* IMF | 57.71% | - | - |
| 2025 | 57.71% | −7.38% | #83 |
| 2024 | 65.09% | −8.54% | #120 |
| 2023 | 73.63% | −7.43% | #134 |
| 2022 | 81.06% | −15.42% | #146 |
| 2021 | 96.48% | −17.12% | #162 |
| 2020 | 113.60% | +21.31% | #167 |
| 2019 | 92.29% | −8.37% | #167 |
| 2018 | 100.66% | +4.28% | #176 |
| 2017 | 96.38% | −10.43% | #171 |
| 2016 | 106.81% | −4.75% | #176 |
| 2015 | 111.55% | −1.44% | #179 |
| 2014 | 112.99% | +10.34% | #179 |
| 2013 | 102.65% | +23.50% | #174 |
| 2012 | 79.15% | +14.35% | #164 |
| 2011 | 64.81% | +9.47% | #151 |
Detected Pattern
Analysis
Cyprus matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
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Frequently Asked Questions
Cyprus's government debt to gdp was 57.71% in 2025. Ranked 83rd globally. This represents a 11.3% decrease from the previous year.
Cyprus's government debt to gdp peaked at 113.60% in 2020.
The lowest government debt to gdp in Cyprus was 44.13% in 2008.
Cyprus ranks 83rd globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Cyprus's government debt to gdp is projected to reach 57.71% by 2025 based on IMF projection.
The government debt to gdp of Cyprus in 2025 was 57.71%. This ranks 83rd in the world.
Cite this page
@misc{historysaid_cyprus_government-debt-to-gdp,
title = {Cyprus Government Debt to GDP},
url = {https://historysaid.com/cyprus/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}