Public Debt in Cyprus

Cyprus Public Debt | Economic News & Forecasts

Cyprus - Public Debt

According to a preliminary release, the economy rebounded strongly in the second quarter. However, a low base effect flattered the reading, as evidenced by slower GDP growth in sequential terms compared to the prior quarter. Moving forward, available data paints a fairly positive picture for Q3. Higher economic sentiment in July compared to Q2 hints at positive domestic demand dynamics, while surging numbers of tourist arrivals in annual terms in July will have buoyed the external sector. However, in early August, workers at Limassol—the country’s largest port—went on an indefinite strike against DP World, the operator of the port’s general cargo and cruise terminals. The strike is poised to disrupt operations, likely weighing on trade ahead.

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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