Interest payments in Cyprus
Cyprus: Interest payments was 2.8% in 2024. ▼ Falling
Interest payments in Cyprus, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for interest payments in Cyprus is 2.8%, measured in 2024. That is the lowest value across all 53 years on record.
The figure is down 2.2% on the previous year and down 64.3% over ten years.
Over the whole period, interest payments in Cyprus peaked at 17.9% in 1991 and was at its lowest, 2.8%, in 2024.
That places Cyprus 119th out of 155 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 53 years of available data.
Interest payments in Cyprus, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 4.3% | — |
| 1973 | 4.5% | +4.7% |
| 1974 | 4.0% | -10.5% |
| 1975 | 4.4% | +11.3% |
| 1976 | 5.2% | +18.1% |
| 1977 | 6.2% | +17.5% |
| 1978 | 6.7% | +8.9% |
| 1979 | 8.2% | +22.0% |
| 1980 | 8.5% | +3.3% |
| 1981 | 10.3% | +22.0% |
| 1982 | 11.7% | +13.6% |
| 1983 | 14.5% | +24.0% |
| 1984 | 15.2% | +4.9% |
| 1985 | 14.9% | -2.0% |
| 1986 | 14.7% | -1.5% |
| 1987 | 15.7% | +6.9% |
| 1988 | 15.6% | -1.0% |
| 1989 | 15.5% | -0.7% |
| 1990 | 16.1% | +3.8% |
| 1991 | 17.9% | +11.3% |
| 1992 | 16.4% | -8.3% |
| 1993 | 16.4% | +0.1% |
| 1994 | 16.2% | -1.2% |
| 1995 | 6.0% | -63.3% |
| 1996 | 7.2% | +20.8% |
| 1997 | 7.6% | +5.0% |
| 1998 | 9.2% | +21.8% |
| 1999 | 9.1% | -1.1% |
| 2000 | 9.4% | +3.6% |
| 2001 | 9.2% | -2.6% |
| 2002 | 8.6% | -6.2% |
| 2003 | 8.7% | +1.2% |
| 2004 | 8.1% | -7.4% |
| 2005 | 7.9% | -2.0% |
| 2006 | 7.4% | -6.4% |
| 2007 | 6.5% | -12.1% |
| 2008 | 6.3% | -3.0% |
| 2009 | 5.7% | -9.1% |
| 2010 | 4.8% | -17.0% |
| 2011 | 5.3% | +12.1% |
| 2012 | 8.5% | +60.0% |
| 2013 | 8.2% | -3.7% |
| 2014 | 7.9% | -4.2% |
| 2015 | 7.6% | -3.3% |
| 2016 | 6.7% | -11.6% |
| 2017 | 6.2% | -7.2% |
| 2018 | 5.9% | -5.7% |
| 2019 | 5.4% | -8.3% |
| 2020 | 5.2% | -4.2% |
| 2021 | 4.2% | -19.0% |
| 2022 | 3.3% | -22.2% |
| 2023 | 2.9% | -12.1% |
| 2024 | 2.8% | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4% | 4.0% | 8.2% | 8 |
| 1980s | 13.7% | 8.5% | 15.7% | 10 |
| 1990s | 12.2% | 6.0% | 17.9% | 10 |
| 2000s | 7.8% | 5.7% | 9.4% | 10 |
| 2010s | 6.7% | 4.8% | 8.5% | 10 |
| 2020s | 3.7% | 2.8% | 5.2% | 5 |
Countries ranked near Cyprus
- 116 Tajikistan 2.9% compare
- 117 Finland 2.9% compare
- 118 Slovenia 2.9% compare
- 120 Latvia 2.7% compare
- 121 Saint Kitts and Nevis 2.7% compare
- 122 Kyrgyzstan 2.6% compare
More public sector data for Cyprus
- Arms imports 115.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 84.67 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0031 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -63.33 % change on previous year (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 115.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 440.4 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0159 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 7.03 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 598.19 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,190 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is interest payments in Cyprus?
- Interest payments in Cyprus was 2.8% in 2024, 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 17.9% in 1991.
- What is the lowest interest payments recorded in Cyprus?
- The lowest recorded value was 2.8% in 2024.
- How does Cyprus rank for interest payments?
- Cyprus ranks 119th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Cyprus?
- Over the last ten years it is down 64.3%. 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 revenue). Statizoid updates them automatically from the source API.
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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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.