Public Debt in Cyprus

Cyprus Public Debt | Economic News & Forecasts

Cyprus - Public Debt

Upbeat momentum seems to have largely carried over into Q1 2022, after GDP expanded at a quicker annual pace in Q4 2021. Industrial production gained steam in January–February compared to the fourth quarter, while the unemployment rate hit a two-year low in February, boding well for household spending. That said, the economic panorama darkened in the second half of the quarter due to the fallout from the war in Ukraine. After improving in January–February, both business and consumer confidence dove in March, hinting at softening private sector conditions. The economic situation worsened further in April, as surging energy and food prices likely capped household spending growth, while the reliance of certain industries—predominantly the tourism and professional services sectors—on Russian clients will hamper economic activity amid constraining international sanctions against Moscow.

Cyprus - Public Debt Data

2015   2016   2017   2018   2019  
Public Debt (% of GDP)108  103  93.9  101  95.5  

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Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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