Interest payments in Cyprus
Cyprus: Interest payments was 3.1% in 2023. ▼ Falling
Interest payments in Cyprus, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Cyprus recorded 3.1% for interest payments in 2023. That is the lowest value across all 52 years on record.
That represents a change of down 13.2% on the previous year and down 57.1% over ten years.
Over the whole period, interest payments in Cyprus peaked at 17.0% in 1994 and was at its lowest, 3.1%, in 2023.
That places Cyprus 112th out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.2% | 3.3% | 7.9% | 8 |
| 1980s | 13.0% | 7.9% | 15.8% | 10 |
| 1990s | 11.9% | 6.4% | 17.0% | 10 |
| 2000s | 7.7% | 5.3% | 9.3% | 10 |
| 2010s | 6.1% | 4.4% | 7.4% | 10 |
| 2020s | 3.8% | 3.1% | 4.6% | 4 |
Countries ranked near Cyprus
- 109 Kyrgyzstan 3.2% compare
- 110 Czechia 3.1% compare
- 113 Australia 3.0% compare
- 114 New Zealand 3.0% compare
- 115 Vanuatu 3.0% compare
More public sector data for Cyprus
- Arms imports 115.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.9% (2024)
- Taxes on income, profits and capital gains 26.1% (2024)
- Taxes on goods and services 29.1% (2024)
- Net investment in nonfinancial assets 2.4% (2024)
- Net lending (+) / net borrowing (-) 4.2% (2024)
- Interest payments 2.8% (2024)
- Grants and other revenue 9.8% (2024)
- Other taxes 3.3% (2024)
- Compensation of employees 27.4% (2023)
Frequently asked questions
- What is interest payments in Cyprus?
- Interest payments in Cyprus was 3.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Cyprus?
- The highest recorded value was 17.0% in 1994.
- What is the lowest interest payments recorded in Cyprus?
- The lowest recorded value was 3.1% in 2023.
- How does Cyprus rank for interest payments?
- Cyprus ranks 112th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Cyprus?
- Over the last ten years it is down 57.1%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.