Net incurrence of liabilities, total (% of GDP) in Cyprus
Cyprus: Net incurrence of liabilities, total (% of GDP) was 1.1% in 1994. ▼ Falling
Net incurrence of liabilities, total in Cyprus, 1975–1994
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Cyprus recorded 1.1% for net incurrence of liabilities, total in 1994. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 70.9% on the previous year and down 81.0% over ten years.
Over the whole period, net incurrence of liabilities, total in Cyprus peaked at 9.6% in 1980 and was at its lowest, 1.1%, in 1994.
That places Cyprus 104th out of 136 countries with data for 1994, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Net incurrence of liabilities, total (% of GDP) in Cyprus, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 2.9% | — |
| 1976 | 7.6% | +163.7% |
| 1977 | 2.4% | -68.3% |
| 1978 | 7.4% | +206.3% |
| 1979 | 6.5% | -11.5% |
| 1980 | 9.6% | +47.3% |
| 1981 | 6.4% | -33.4% |
| 1982 | 7.0% | +8.9% |
| 1983 | 9.0% | +29.5% |
| 1984 | 6.0% | -33.2% |
| 1985 | 6.6% | +9.2% |
| 1986 | 4.2% | -36.7% |
| 1987 | 6.5% | +55.9% |
| 1988 | 6.7% | +3.1% |
| 1989 | 4.7% | -30.3% |
| 1990 | 5.7% | +22.6% |
| 1991 | 7.8% | +36.4% |
| 1992 | 6.3% | -19.7% |
| 1993 | 3.9% | -37.3% |
| 1994 | 1.1% | -70.9% |
Cyprus compared with similar countries
- Cyprus's 1.1% is below the median for high income countries, which is 3.5%, 33% of the median. (41 countries reporting)
- Cyprus's 1.1% is below the median for Europe & Central Asia, which is 3.4%, 34% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4% | 2.4% | 7.6% | 5 |
| 1980s | 6.7% | 4.2% | 9.6% | 10 |
| 1990s | 5.0% | 1.1% | 7.8% | 5 |
Countries ranked near Cyprus
- 101 Azerbaijan 1.3%
- 102 Guatemala 1.2%
- 103 Iran 1.2%
- 105 Madagascar 1.0%
- 106 Democratic Republic of Congo 1.0% compare
- 107 Equatorial Guinea 0.9%
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 1.1% 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 9.6% in 1980.
- What is the lowest net incurrence of liabilities, total recorded in Cyprus?
- The lowest recorded value was 1.1% in 1994.
- How does Cyprus rank for net incurrence of liabilities, total?
- Cyprus ranks 104th 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 81.0%. 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 Net incurrence of liabilities, total (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.