National Debt (% of GDP): Cyprus
Cyprus's national debt (% of gdp) is currently 53.7% as of 2026. # Cyprus National Debt (% of GDP) Cyprus's national debt stands at 53.
Current (2026)
53.7%
-6.9% y/y
Peak (2020)
113.6%
Low (2008)
44.1%
Source
IMF World Economic Outlook
1995–2026 · 36 pts
National Debt (% of GDP) — Cyprus
1995 — 2026
National Debt (% of GDP) — Cyprus
Analysis# Cyprus National Debt (% of GDP)
Cyprus's national debt stands at 53.7% of GDP in 2026, marking a substantial recovery from its catastrophic peak of 113.6% in 2020. The current level remains above the 44.1% low recorded in 2008, yet represents a 60-percentage-point improvement from the crisis year. Since 1995, Cyprus's debt ratio has increased by 15 percentage points overall, reflecting the nation's turbulent fiscal history across three decades.
The most dramatic turning point occurred during the 2013 financial crisis, when debt accumulated rapidly through 2020. A remarkable deleveraging phase began immediately after the pandemic peak, with debt declining consistently year-over-year from 2021 through 2026. Projections suggest this downward momentum will continue, positioning Cyprus's debt-to-GDP ratio on a declining trajectory toward more sustainable levels in coming years.
Historical Data
36 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 38.3% | -9.24% |
| 2029 | 42.2% | -4.74% |
| 2028 | 44.3% | -9.03% |
| 2027 | 48.7% | -9.31% |
| 2026 | 53.7% | -6.93% |
| 2025 | 57.7% | -11.37% |
| 2024 | 65.1% | -11.55% |
| 2023 | 73.6% | -9.25% |
| 2022 | 81.1% | -15.96% |
| 2021 | 96.5% | -15.05% |
| 2020 | 113.6% | +23.08% |
| 2019 | 92.3% | -8.34% |
| 2018 | 100.7% | +4.46% |
| 2017 | 96.4% | -9.74% |
| 2016 | 106.8% | -4.30% |
| 2015 | 111.6% | -1.24% |
| 2014 | 113.0% | +10.03% |
| 2013 | 102.7% | +29.67% |
| 2012 | 79.2% | +22.22% |
| 2011 | 64.8% | +17.18% |
Show all 36 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 55.3% | +4.73% |
| 2009 | 52.8% | +19.73% |
| 2008 | 44.1% | -16.95% |
| 2007 | 53.1% | -10.00% |
| 2006 | 59.0% | -7.81% |
| 2005 | 64.0% | -1.08% |
| 2004 | 64.7% | +2.70% |
| 2003 | 63.0% | +3.28% |
| 2002 | 61.0% | +6.09% |
| 2001 | 57.5% | +2.68% |
| 2000 | 56.0% | +0.54% |
| 1999 | 55.7% | +1.27% |
| 1998 | 55.0% | +2.80% |
| 1997 | 53.5% | +9.63% |
| 1996 | 48.8% | +4.50% |
| 1995 | 46.7% | — |
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