Cyprus recorded a Government Debt to GDP of 73.60 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Cyprus averaged 73.61 percent of GDP from 1995 until 2023, reaching an all time high of 113.60 percent of GDP in 2020 and a record low of 45.50 percent of GDP in 2008. source: EUROSTAT

Government Debt to GDP in Cyprus is expected to reach 69.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Government Debt to GDP is projected to trend around 67.00 percent of GDP in 2025 and 65.00 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Asylum Applications 265.00 190.00 persons Aug 2024
Credit Rating 62.00 Nov 2024
Fiscal Expenditure 2684.20 3781.10 EUR Million Mar 2024
Government Budget 3.10 2.70 percent of GDP Dec 2023
Government Budget Value -39.00 598.30 EUR Million Jun 2024
Government Debt to GDP 73.60 81.00 percent of GDP Dec 2023
Government Revenues 3252.60 3334.60 EUR Million Jun 2024
Government Spending 1244.60 1233.10 EUR Million Jun 2024
Government Spending to GDP 41.90 37.90 percent of GDP Dec 2023
Holidays
Military Expenditure 566.90 523.50 USD Million Dec 2023

Cyprus Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
73.60 81.00 113.60 45.50 1995 - 2023 percent of GDP Yearly