Cyprus
Government debt in Cyprus
Government debt in Cyprus: 46.8% of GDP in 1995 and 55% of GDP in 2025, by IMF estimates.
- Latest, 2025
- 55% of GDP
- Since 1995
- +8.3 percentage points
- Rank, 2025
- 68 of 149
- counting from the highest
- Projected, 2031
- 32.5% of GDP
- IMF projection (World Economic Outlook, October 2026)
% of GDP · IMF
What the numbers say
- The IMF projection (World Economic Outlook, October 2026) puts it at 32.5% of GDP in 2031.
- The highest was 113.6% of GDP in 2020, the lowest 44.1% of GDP in 2008.
Every year
% of GDP · IMF
| Year | Cyprus |
|---|---|
| 2025 | 55 |
| 2024 | 62.8 |
| 2023 | 71.1 |
| 2022 | 80.3 |
| 2021 | 96.5 |
| 2020 | 113.6 |
| 2019 | 92.3 |
| 2018 | 100.7 |
| 2017 | 96.4 |
| 2016 | 106.8 |
| 2015 | 111.6 |
| 2014 | 113 |
| 2013 | 102.7 |
| 2012 | 79.2 |
| 2011 | 64.8 |
| 2010 | 55.3 |
| 2009 | 52.8 |
| 2008 | 44.1 |
| 2007 | 53.2 |
| 2006 | 59 |
| 2005 | 64 |
| 2004 | 64.7 |
| 2003 | 63 |
| 2002 | 61 |
| 2001 | 57.5 |
| 2000 | 56 |
| 1999 | 55.7 |
| 1998 | 55 |
| 1997 | 53.5 |
| 1996 | 48.8 |
| 1995 | 46.8 |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Cyprus |
|---|---|
| 2026 | 51.4 |
| 2027 | 46.7 |
| 2028 | 42.4 |
| 2029 | 38.5 |
| 2030 | 35.6 |
| 2031 | 32.5 |
Good to know
- What the government owes, as a share of the economy’s yearly output.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 149 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time
Cyprus in numbers
Every measure for Cyprus on one page
Health
People
Economy
Education
Politics
Conflict
Military
- Military spending1.61% of GDP in 2025
- Military spending in US dollars$632M in 2025
- Military spending per person$486 in 2025
- Military share of state spending4% of government spending in 2025
- Armed forces personnel13,000 people in 2020
- National power0.02% of world capability in 2022
- Armed forces, share of workers1.81% of the labour force in 2020
- Arms imports28 million TIV in 2025
- Arms exports40 million TIV in 2023