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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.

57.71% −7.38% (-11.3%)
Year 2025 Rank #83 Global Peak 113.60% (2020) Source IMF WEO

Cyprus Government Debt to GDP (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
Show all years (1995-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +28.5% GDP growth 5.9% C/A balance 1.0%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

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 →

The provided headlines focus on global market trends in intravenous solutions, geothermal heat pumps, brushless DC motors, India's urea tenders, and silicon photonics. None of these developments directly address Cyprus's national economy, fiscal policies, or specific factors that would influence its Government Debt to GDP ratio of 57.71%. Therefore, these news items do not offer relevant information for analyzing Cyprus's government debt.

Frequently Asked Questions

What is Cyprus's government debt to gdp?▾

Cyprus's government debt to gdp was 57.71% in 2025. Ranked 83rd globally. This represents a 11.3% decrease from the previous year.

What was the highest government debt to gdp in Cyprus?▾

Cyprus's government debt to gdp peaked at 113.60% in 2020.

What was the lowest government debt to gdp in Cyprus?▾

The lowest government debt to gdp in Cyprus was 44.13% in 2008.

How does Cyprus rank in government debt to gdp?▾

Cyprus ranks 83rd globally in government debt to gdp as of 2025.

What is the World Bank indicator code for government debt to gdp?▾

The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.

What is the projected government debt to gdp of Cyprus in 2025?▾

Cyprus's government debt to gdp is projected to reach 57.71% by 2025 based on IMF projection.

What is the government debt to gdp of Cyprus in 2025?▾

The government debt to gdp of Cyprus in 2025 was 57.71%. This ranks 83rd in the world.

Cite this page

APA
Cyprus Government Debt to GDP. HistorySaid. Retrieved October 29, 2026, from https://historysaid.com/cyprus/government-debt-to-gdp/
BibTeX
@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} }

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