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Government debt in Cyprus

How indebted is the state my taxes would go to?

Cyprus's government debt is 55.30 % — #64 of 124 countries on the atlas (lower is better). Period 2025.

55.30%

Checked 8 Sept 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 0.6 years' worth of the country's entire economic output.

Government debt in Cyprus over time

113.60 %78.85 %44.10 %113.60 % · 202044.10 % · 20081995: 46.70 %1996: 48.80 %1997: 53.50 %1998: 55.00 %1999: 55.70 %2000: 56.00 %2001: 57.50 %2002: 61.00 %2003: 63.00 %2004: 64.70 %2005: 64.00 %2006: 59.00 %2007: 53.10 %2008: 44.10 %2009: 52.80 %2010: 55.30 %2011: 64.80 %2012: 79.20 %2013: 102.70 %2014: 113.00 %2015: 111.60 %2016: 106.80 %2017: 96.40 %2018: 100.70 %2019: 92.30 %2020: 113.60 %2021: 96.50 %2022: 80.30 %2023: 71.10 %2024: 62.80 %2025: 55.30 %19952010202555.30 %
31 official observations, 1995 → 2025. Every point is a published value — never interpolated.
Rank
#64 of 124
lower is better
Ranked behind
48 %
60 of 124 countries
Latest move
▼ 7.50 pp
since 2024
Below its peak
58.30 pp
peak 113.60 % in 2020
Full series
▲ 8.60 pp
since 1995

In Europe: #19 of 37vs median 54.55 %: +0.75 pp (worse)

Among 124 countries

5 of 124 countries between 12.30 % and 17.86 %4 of 124 countries between 17.86 % and 23.42 %9 of 124 countries between 23.42 % and 28.97 %9 of 124 countries between 28.97 % and 34.53 %9 of 124 countries between 34.53 % and 40.09 %11 of 124 countries between 40.09 % and 45.65 %8 of 124 countries between 45.65 % and 51.21 %11 of 124 countries between 51.21 % and 56.77 %8 of 124 countries between 56.77 % and 62.32 %7 of 124 countries between 62.32 % and 67.88 %6 of 124 countries between 67.88 % and 73.44 %5 of 124 countries between 73.44 % and 79.00 %6 of 124 countries between 79.00 % and 84.56 %7 of 124 countries between 84.56 % and 90.12 %2 of 124 countries between 90.12 % and 95.67 %3 of 124 countries between 95.67 % and 101.23 %4 of 124 countries between 101.23 % and 106.79 %1 of 124 countries between 106.79 % and 112.35 %2 of 124 countries between 112.35 % and 117.91 %1 of 124 countries between 123.47 % and 129.02 %2 of 124 countries between 134.58 % and 140.14 %4 of 124 countries between 140.14 % and 145.70 %median 54.40 %Cyprus: ahead of 48 % of the 124 countries with a published government debtCyprus 55.30 %12.30 %145.70 %
Half of all 124 countries sit between 36.00 % and 80.30 %. Cyprus is ahead of 48 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Cyprus
62 Ecuador54.40 %−0.90 pp
63 New Zealand54.70 %−0.60 pp
64 Cyprus55.30 %—
65 Croatia55.90 %+0.60 pp
66 Panama56.60 %+1.30 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about Cyprus

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare Cyprus with another country →Everything about Cyprus →
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