Cyprus recorded a Government Debt to GDP of 62.80 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Cyprus averaged 74.25 percent of GDP from 1995 until 2024, reaching an all time high of 113.60 percent of GDP in 2020 and a record low of 47.10 percent of GDP in 2008. source: EUROSTAT

Government Debt to GDP in Cyprus is expected to reach 51.10 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Government Debt to GDP is projected to trend around 45.90 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Asylum Applications 130.00 165.00 persons Dec 2025
Credit Rating 71.00 Feb 2026
Fiscal Expenditure 3445.30 3564.60 EUR Million Sep 2025
Government Budget 4.30 1.70 percent of GDP Dec 2024
Government Budget Value 653.60 -101.40 EUR Million Sep 2025
Government Debt to GDP 62.80 71.10 percent of GDP Dec 2024
Government Revenues 4099.00 3463.20 EUR Million Sep 2025
Government Spending 1295.80 1307.70 EUR Million Sep 2025
Government Spending to GDP 38.30 40.60 percent of GDP Dec 2024
Holidays
Military Expenditure 598.20 558.90 USD Million Dec 2024


Cyprus Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
62.80 71.10 113.60 47.10 1995 - 2024 percent of GDP Yearly