Budget balance — all countries

Budget balance — Cyprus

Budget balance in Cyprus in 2031 — 1.6%. Ranked 17 in the world out of 188. Since 1995, the indicator has risen by 2.3 pp.

2031 1.6% −0.2 pp vs 2030
World rank 17of 188
Period maximum 4.1%2024
Period minimum -8.8%2014

Trend over time

1995–2031 · % of GDP

Budget balance — Cyprus, 1995–2031-10-50519951999200320072011201520192023202720311995: -0.7%1996: -3%1997: -4.8%1998: -3.9%1999: -4.1%2000: -2.2%2001: -2.1%2002: -4.1%2003: -5.9%2004: -3.7%2005: -2.2%2006: -1%2007: 3.2%2008: 0.9%2009: -5.4%2010: -4.7%2011: -5.7%2012: -5.6%2013: -5.2%2014: -8.8%2015: -0.8%2016: 0.5%2017: 2.1%2018: -3.4%2019: 1%2020: -5.6%2021: -1.6%2022: 2.7%2023: 1.7%2024: 4.1%2025: 3%2026: 2.6%2027: 2.5%2028: 2.4%2029: 2.2%2030: 1.8%2031: 1.6%
Change over the period: +2.3 pp Annual average: 0.06 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Cyprus

Cyprus 1.6%
World computed -4.85%
Europe & Central Asia computed -2.49%
Western Asia computed -1.19%
High-income countries computed -4.26%
Budget balance — Cyprus, by year Cyprus All countries CSV XLSX
Year % Change, pp
2031 1.6 −0.2 pp
2030 1.8 −0.4 pp
2029 2.2 −0.2 pp
2028 2.4 −0.1 pp
2027 2.5 −0.1 pp
2026 2.6 −0.4 pp
2025 3 −1.1 pp
2024 4.1 +2.4 pp
2023 1.7 −1 pp
2022 2.7 +4.3 pp
2021 -1.6 +4 pp
2020 -5.6 −6.6 pp
2019 1 +4.4 pp
2018 -3.4 −5.5 pp
2017 2.1 +1.6 pp
2016 0.5 +1.3 pp
2015 -0.8 +8 pp
2014 -8.8 −3.6 pp
2013 -5.2 +0.4 pp
2012 -5.6 +0.1 pp
2011 -5.7 −1 pp
2010 -4.7 +0.7 pp
2009 -5.4 −6.3 pp
2008 0.9 −2.3 pp
2007 3.2 +4.2 pp
2006 -1 +1.2 pp
2005 -2.2 +1.5 pp
2004 -3.7 +2.2 pp
2003 -5.9 −1.8 pp
2002 -4.1 −2 pp
2001 -2.1 +0.1 pp
2000 -2.2 +1.9 pp
1999 -4.1 −0.2 pp
1998 -3.9 +0.9 pp
1997 -4.8 −1.8 pp
1996 -3 −2.3 pp
1995 -0.7

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.