Government spending as share of GDP in Cyprus
Cyprus: Government spending as share of GDP was 40.0% in 2024. ▲ Rising
Government spending as share of GDP in Cyprus, 1995–2024
Source: International Monetary Fund (2025) – with minor processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for government spending as share of gdp in Cyprus is 40.0%, 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, government spending as share of gdp in Cyprus peaked at 52.1% in 2014 and was at its lowest, 30.4%, 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.2% | 30.4% | 34.4% | 5 |
| 2000s | 38.4% | 35.0% | 41.9% | 10 |
| 2010s | 42.5% | 38.4% | 52.1% | 10 |
| 2020s | 41.7% | 38.0% | 45.9% | 5 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- External balance on goods and services as a percent of GDP 5.7% (2025)
- Inflation of consumer prices 0.1% (2025)
- GDP per capita 33,527 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.4% (2025)
- Gross domestic product (GDP) 33.08 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 33,527 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -338.90 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) -382.95 million current US$ (2025)
- Taxes less subsidies on products 3.97 billion current LCU (2025)
Frequently asked questions
- What is government spending as share of gdp in Cyprus?
- Government spending as share of gdp in Cyprus was 40.0% in 2024, according to International Monetary Fund (2025) – with minor processing by Our World in Data.
- What is the highest government spending as share of gdp recorded in Cyprus?
- The highest recorded value was 52.1% in 2014.
- What is the lowest government spending as share of gdp recorded in Cyprus?
- The lowest recorded value was 30.4% in 1995.
- How does Cyprus rank for government spending as share of gdp?
- Cyprus ranks 40th out of 151 countries with data for 2024.
- Is government spending as share of 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 International Monetary Fund (2025) – with minor processing by Our World in Data, published as part of Government spending as share of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The sum of all the money spent by the government on goods and services, as a percentage of GDP. It includes interest paid on government debt.