Countries With The Most External Debt 2021
The world's ballooning debt was already threat to the global economic growth and financial stability before Covid-19. Things have since only gotten worse.
Cyprus GDP and Economic Data
Browse economic indicators and data sets, selected by Global Finance editors, to learn more about Cyprus' economic outlook, debt to GDP ratio, international trade performance and population trends.
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International Reserves
USD 0.9 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 24.5 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 34.5 billion (2018, estimate)
Real GDP growth
| 2014 | 2015 | 2016 | 2017 | 2018* | ||
| -1.3% | 2% | 4.8% | 4.5% | 3.9% |
*Estimate
GDP per capita - current prices
USD 28,339.9 (2018, estimate)
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GDP - composition by sector
- agriculture: 1.7%
- industry: 12.2%
- services: 72.6%
(2018 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -1.5% | -1.2% | 0.7% | 0.8% | 0.7% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 14.9% | 13% | 11.1% | 8.4% | 7% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 108% | 105.5% | 95.8% | 102.5% | 96.1% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -0.3% | 0.3% | 1.8% | -4.8% | 3.6% |
*Estimate
Government bond ratings
Standard & Poor's: BBB-
Moody's: Ba2
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| USD 2.5 billion | USD 2.8 billion | USD 3.3 billion |
Source
Current account balance by percentage of GDP
-7.0 % (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
64.3% (2018)
Shares in world total merchandising export
0.03% (2018)
Shares in world total commercial services export
0.20% (2018)
Export commodities
Citrus, potatoes, pharmaceuticals, cement, clothing
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Import commodities
Consumer goods, petroleum and lubricants, machinery, transport equipment
Exports - major partners
Libya 9.4%, Greece 7.7%, Norway 6.7%, UK 5.3%, Germany 4.1% (2017)
Imports - major partners
Greece 19%, Italy 7.5%, China 7.4%, South Korea 7.3%, Germany 7%, Netherlands 5.1%, UK 5%, Israel 4.1% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 7,714 million | USD 6,950 million | USD 3,285 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 5,719 million | USD 1,833 million | USD -2,237 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| USD 968 million | USD -1,155 million | USD -518 million | USD -876 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
54 out of 190 countries
Subcategories:
Starting a Business: 50 out of 190 countries
Dealing with Construction Permits: 125 out of 190 countries
Getting Electricity: 75 out of 190 countries
Registering Property: 71 out of 190 countries
Getting Credit: 80 out of 190 countries
Protecting Minority Investors: 21 out of 190 countries
Paying Taxes: 29 out of 190 countries
Trading across Borders: 50 out of 190 countries
Enforcing Contracts: 142 out of 190 countries
Resolving Insolvency: 31 out of 190 countries
Source
Global competitiveness ranking
44 out of 141 countries (2019)
Index of Economic Freedom
Ranking: 44 / Score: 68.1 (Moderately free)
(100=totally free 0=totally repressed)
Source
Source
Government type
Republic of Cyprus - presidential republic; "Turkish Republic of Northern Cyprus" (self-declared) - parliamentary republic with enhanced presidency
Languages
Greek (official) 80.9%, Turkish (official) 0.2%, English 4.1%, Romanian 2.9%, Russian 2.5%, Bulgarian 2.2%, Arabic 1.2%, Filipino 1.1%, other 4.3%, unspecified 0.6% (2011 est.)
Religions
Orthodox Christian 89.1%, Roman Catholic 2.9%, Protestant/Anglican 2%, Muslim 1.8%, Buddhist 1%, other (includes Maronite, Armenian Church, Hindu) 1.4%, unknown 1.1%, none/atheist 0.6% (2011 est.)
Total population
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 0.58 million | 0.69 million | 0.82 million | 0.85 million | 0.89 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 35.6% | 58.6% | 68.6% | 66.8% |
Literacy
Total population: 99.1%
Male: 99.5%
Female: 98.7%
Definition: age 15 and over can read and write (2015 est.)
% of population living on less than $3.10 a day
0% (last available estimate, 2015)
Inequality of wealth distribution (Gini index)
34 (last available estimate, 2015)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 26.2% Mobile: 100.9% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)