Net incurrence of liabilities, total (current LCU) in Cyprus
Cyprus: Net incurrence of liabilities, total (current LCU) was 71.42 million current LCU in 1994. ◆ Volatile
Net incurrence of liabilities, total in Cyprus, 1972–1994
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net incurrence of liabilities, total in Cyprus is 71.42 million current LCU, measured in 1994.
Compared with earlier readings it is down 67.5% on the previous year and down 48.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Cyprus peaked at 356.41 million current LCU in 1991 and was at its lowest, -4.84 million current LCU, in 1973.
That places Cyprus 113th out of 136 countries with data for 1994, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (current LCU) in Cyprus, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 11.46 million current LCU | — |
| 1973 | -4.84 million current LCU | -142.2% |
| 1974 | 6.53 million current LCU | -235.0% |
| 1975 | 12.64 million current LCU | +93.7% |
| 1976 | 43.31 million current LCU | +242.6% |
| 1977 | 17.39 million current LCU | -59.8% |
| 1978 | 63.78 million current LCU | +266.7% |
| 1979 | 70.17 million current LCU | +10.0% |
| 1980 | 124.78 million current LCU | +77.8% |
| 1981 | 95.75 million current LCU | -23.3% |
| 1982 | 121.98 million current LCU | +27.4% |
| 1983 | 175.23 million current LCU | +43.7% |
| 1984 | 137.71 million current LCU | -21.4% |
| 1985 | 166.69 million current LCU | +21.0% |
| 1986 | 113.95 million current LCU | -31.6% |
| 1987 | 197.53 million current LCU | +73.4% |
| 1988 | 228.27 million current LCU | +15.6% |
| 1989 | 179.97 million current LCU | -21.2% |
| 1990 | 249.76 million current LCU | +38.8% |
| 1991 | 356.41 million current LCU | +42.7% |
| 1992 | 332.15 million current LCU | -6.8% |
| 1993 | 219.93 million current LCU | -33.8% |
| 1994 | 71.42 million current LCU | -67.5% |
Cyprus compared with similar countries
- Cyprus's 71.42 million current LCU is below the median for high income countries, which is 9.91 billion current LCU, 1% of the median. (41 countries reporting)
- Cyprus's 71.42 million current LCU is below the median for Europe & Central Asia, which is 14.60 billion current LCU, 0% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.56 million current LCU | -4.84 million current LCU | 70.17 million current LCU | 8 |
| 1980s | 154.19 million current LCU | 95.75 million current LCU | 228.27 million current LCU | 10 |
| 1990s | 245.94 million current LCU | 71.42 million current LCU | 356.41 million current LCU | 5 |
Countries ranked near Cyprus
- 110 Barbados 464.42 million current LCU
- 111 Lesotho 272.10 million current LCU compare
- 112 Malta 82.95 million current LCU compare
- 114 San Marino 69.31 million current LCU
- 115 Saint Vincent and the Grenadines 65.99 million current LCU
- 116 Belize 63.64 million current LCU compare
More public sector data for Cyprus
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 28.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is net incurrence of liabilities, total in Cyprus?
- Net incurrence of liabilities, total in Cyprus was 71.42 million current LCU in 1994, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Cyprus?
- The highest recorded value was 356.41 million current LCU in 1991.
- What is the lowest net incurrence of liabilities, total recorded in Cyprus?
- The lowest recorded value was -4.84 million current LCU in 1973.
- How does Cyprus rank for net incurrence of liabilities, total?
- Cyprus ranks 113th out of 136 countries with data for 1994.
- Is net incurrence of liabilities, total rising or falling in Cyprus?
- Over the last ten years it is down 48.1%. The long-run trend across the full record is volatile.
- 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.