Gross public sector debt as a share of gross domestic product in Cyprus
Cyprus: Gross public sector debt as a share of gross domestic product was 96.3% in 2024. ▲ Rising
Gross public sector debt as a share of gross domestic product in Cyprus, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for gross public sector debt as a share of gross domestic product in Cyprus is 96.3%, measured in 2024.
The figure is down 6.5% on the previous year and down 37.0% over ten years.
Over the whole period, gross public sector debt as a share of gross domestic product in Cyprus peaked at 152.9% in 2014 and was at its lowest, 78.1%, in 2008.
Cyprus ranks 8th of 49 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Gross public sector debt as a share of gross domestic product in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 85.2% | — |
| 2001 | 87.5% | +2.7% |
| 2002 | 92.1% | +5.2% |
| 2003 | 95.7% | +3.9% |
| 2004 | 96.2% | +0.6% |
| 2005 | 95.9% | -0.4% |
| 2006 | 90.6% | -5.5% |
| 2007 | 85.8% | -5.3% |
| 2008 | 78.1% | -8.9% |
| 2009 | 89.9% | +15.0% |
| 2010 | 93.2% | +3.7% |
| 2011 | 103.6% | +11.2% |
| 2012 | 119.8% | +15.6% |
| 2013 | 146.7% | +22.5% |
| 2014 | 152.9% | +4.2% |
| 2015 | 149.8% | -2.1% |
| 2016 | 143.1% | -4.4% |
| 2017 | 131.9% | -7.9% |
| 2018 | 136.3% | +3.3% |
| 2019 | 127.3% | -6.6% |
| 2020 | 151.4% | +18.9% |
| 2021 | 130.8% | -13.6% |
| 2022 | 111.6% | -14.6% |
| 2023 | 103.0% | -7.8% |
| 2024 | 96.3% | -6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 89.7% | 78.1% | 96.2% | 10 |
| 2010s | 130.5% | 93.2% | 152.9% | 10 |
| 2020s | 118.6% | 96.3% | 151.4% | 5 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.45 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) 3.59 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.0847 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 2,546 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 3.59 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.0804 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 2,418 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 10.07 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7685 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross public sector debt as a share of gross domestic product in Cyprus?
- Gross public sector debt as a share of gross domestic product in Cyprus was 96.3% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest gross public sector debt as a share of gross domestic product recorded in Cyprus?
- The highest recorded value was 152.9% in 2014.
- What is the lowest gross public sector debt as a share of gross domestic product recorded in Cyprus?
- The lowest recorded value was 78.1% in 2008.
- How does Cyprus rank for gross public sector debt as a share of gross domestic product?
- Cyprus ranks 8th out of 49 countries with data for 2024.
- Is gross public sector debt as a share of gross domestic product rising or falling in Cyprus?
- Over the last ten years it is down 37.0%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Gross public sector debt as a share of gross domestic product. Statizoid updates them automatically from the source API.
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About this data
Gross public sector debt, Central Government, as a proportion of GDP (%).