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Government debt in Cyprus

How indebted is the state my taxes would go to?

Cyprus's government debt is 55.00 % — #64 of 125 countries on the atlas (lower is better). Period 2025.

55.00%

Checked 23 Oct 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: 55.00 %19952010202555.00 %
31 official observations, 1995 → 2025. Every point is a published value — never interpolated.
Rank
#64 of 125
lower is better
Ranked behind
49 %
61 of 125 countries
Latest move
▼ 7.80 pp
since 2024
Below its peak
58.60 pp
peak 113.60 % in 2020
Full series
▲ 8.30 pp
since 1995

In Europe: #19 of 37vs median 54.70 %: +0.30 pp (worse)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %Cyprus: ahead of 49 % of the 125 countries with a published government debtCyprus 55.00 %12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. Cyprus is ahead of 49 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Cyprus
62 Ecuador54.50 %−0.50 pp
63 New Zealand54.70 %−0.30 pp
64 Cyprus55.00 %—
65 Croatia56.30 %+1.30 pp
66 Panama56.60 %+1.60 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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