Government gross debt in Cyprus

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 50.9% 2027: 46.6% 2028: 42.4% 2029: 38.7% 2030: 35.1% 2031: 32.1%

55.7 (1999) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 1999	55.7
Jan 1998	55.0
Jan 1997	53.5
Jan 1996	48.8
Jan 1995	46.7

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Government gross debt is the total liabilities owed by Cyprus's general government to its creditors. It is usually shown in absolute terms and, above all, as a percentage of GDP to gauge sustainability, and is published by Eurostat and the Cypriot statistical service and finance ministry.

How it's calculated

It is compiled on the Excessive Deficit Procedure (EDP) basis, summing all general-government liabilities (securities, loans and deposits) consolidated across subsectors and measured at face value. The debt-to-GDP ratio relates that stock to the size of the economy.

Market implications

After the 2013 bailout, cutting debt has been central to restoring Cyprus's credibility with markets. Its level and trend shape borrowing costs and rating-agency assessments, and are monitored under the euro-area fiscal rules.

Limitations

It is a low-frequency figure revised with the national accounts. In such a small economy, one-off operations can shift the ratio sharply; it also depends on both the debt stock and nominal GDP, so it can move with no change in borrowing.