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.
Government spending as share of GDP in Cyprus, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 30.4% | — |
| 1996 | 32.4% | +6.7% |
| 1997 | 34.2% | +5.5% |
| 1998 | 34.4% | +0.5% |
| 1999 | 34.3% | -0.2% |
| 2000 | 35.0% | +1.9% |
| 2001 | 35.7% | +2.1% |
| 2002 | 37.4% | +4.8% |
| 2003 | 40.4% | +7.9% |
| 2004 | 38.6% | -4.3% |
| 2005 | 39.7% | +2.7% |
| 2006 | 39.1% | -1.4% |
| 2007 | 37.6% | -4.0% |
| 2008 | 38.2% | +1.7% |
| 2009 | 41.9% | +9.6% |
| 2010 | 41.7% | -0.5% |
| 2011 | 42.1% | +0.9% |
| 2012 | 41.9% | -0.4% |
| 2013 | 42.1% | +0.5% |
| 2014 | 52.1% | +23.7% |
| 2015 | 43.0% | -17.4% |
| 2016 | 39.6% | -7.9% |
| 2017 | 38.4% | -3.0% |
| 2018 | 44.3% | +15.1% |
| 2019 | 40.3% | -9.0% |
| 2020 | 45.9% | +14.1% |
| 2021 | 42.6% | -7.2% |
| 2022 | 38.0% | -10.9% |
| 2023 | 42.0% | +10.4% |
| 2024 | 40.0% | -4.7% |
Cyprus compared with similar countries
- Cyprus's 40.0% is below the median for high income countries, which is 42.3%, 94% of the median. (56 countries reporting)
- Cyprus's 40.0% is below the median for Europe & Central Asia, which is 44.4%, 90% of the median. (41 countries reporting)
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.57 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.038 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,144 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 122.17 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2708 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8,144 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.22 % change on previous year (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.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
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.