Historical gov spending gdp in Cyprus
Cyprus: Historical gov spending gdp was 39.98 in 2024. ▲ Rising
Latest (2024)
39.98
Change on year
down 4.7%
World rank
40th
of 151 countries
All-time high
52.06
in 2014
All-time low
30.42
in 1995
Years of data
30
1995–2024
Historical gov spending gdp in Cyprus, 1995–2024
Source: Our World in Data.
Analysis
The most recent figure for historical gov spending gdp in Cyprus is 39.98, measured in 2024.
Compared with earlier readings it is down 4.7% on the previous year and down 23.2% over ten years.
Over the whole period, historical gov spending gdp in Cyprus peaked at 52.06 in 2014 and was at its lowest, 30.42, in 1995.
Cyprus ranks 40th of 151 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Historical gov spending gdp in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 30.42 | — |
| 1996 | 32.44 | +6.7% |
| 1997 | 34.22 | +5.5% |
| 1998 | 34.38 | +0.5% |
| 1999 | 34.32 | -0.2% |
| 2000 | 34.97 | +1.9% |
| 2001 | 35.72 | +2.1% |
| 2002 | 37.42 | +4.8% |
| 2003 | 40.39 | +7.9% |
| 2004 | 38.64 | -4.3% |
| 2005 | 39.69 | +2.7% |
| 2006 | 39.13 | -1.4% |
| 2007 | 37.56 | -4.0% |
| 2008 | 38.22 | +1.7% |
| 2009 | 41.89 | +9.6% |
| 2010 | 41.7 | -0.5% |
| 2011 | 42.07 | +0.9% |
| 2012 | 41.89 | -0.4% |
| 2013 | 42.1 | +0.5% |
| 2014 | 52.06 | +23.7% |
| 2015 | 43.01 | -17.4% |
| 2016 | 39.63 | -7.9% |
| 2017 | 38.44 | -3.0% |
| 2018 | 44.25 | +15.1% |
| 2019 | 40.25 | -9.0% |
| 2020 | 45.94 | +14.1% |
| 2021 | 42.63 | -7.2% |
| 2022 | 37.99 | -10.9% |
| 2023 | 41.96 | +10.4% |
| 2024 | 39.98 | -4.7% |
Cyprus compared with similar countries
- Cyprus's 39.98 is below the median for high income countries, which is 42.31, 94% of the median. (56 countries reporting)
- Cyprus's 39.98 is below the median for Europe & Central Asia, which is 44.41, 90% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.16 | 30.42 | 34.38 | 5 |
| 2000s | 38.36 | 34.97 | 41.89 | 10 |
| 2010s | 42.54 | 38.44 | 52.06 | 10 |
| 2020s | 41.7 | 37.99 | 45.94 | 5 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- Real gdp growth, annual growth rate -4.42 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.38 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 428.26 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3528 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0104 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 312.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is historical gov spending gdp in Cyprus?
- Historical gov spending gdp in Cyprus was 39.98 in 2024, according to Our World in Data.
- What is the highest historical gov spending gdp recorded in Cyprus?
- The highest recorded value was 52.06 in 2014.
- What is the lowest historical gov spending gdp recorded in Cyprus?
- The lowest recorded value was 30.42 in 1995.
- How does Cyprus rank for historical gov spending gdp?
- Cyprus ranks 40th out of 151 countries with data for 2024.
- Is historical gov spending gdp rising or falling in Cyprus?
- Over the last ten years it is down 23.2%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Our World in Data, published as part of Historical gov spending gdp. Statizoid updates them automatically from the source API.
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