Cyprus: Claims on central government, etc. (% of GDP)

Key figures

What the numbers say

In 2024, Cyprus' claims on central government, etc. (% of GDP) fell 2.01 percentage points on 2023 (from 13.59% to 11.58%).

Across the 18 yearly changes before that (2006 to 2023), the average change was −0.76 percentage points and a typical year strayed about 4.69 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 10.06 percentage points in 2012 and the biggest yearly fall was 6.29 percentage points in 2013. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 11% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Cyprus had the 20th highest value of the 40 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cyprus in the 2024 ranking

• Finland — 16th of 40: 12.96%
• Poland — 17th of 40: 12.54%
• Czechia — 18th of 40: 11.87%
• Croatia — 20th of 40: 8.7%
• Iraq — 21st of 40: 7.17%
• Madagascar — 22nd of 40: 5.73%

What this measures

Claims on central government include loans to central government institutions net of deposits. 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.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 20 values

Claims on central government, etc. (% of GDP) in nearby economies

• Albania — 21.66% (2025)
• Armenia — 12.29% (2025)
• Austria — 17.69% (2024)
• Azerbaijan — -3.85% (2025)
• Belarus — -5.76% (2021)
• Belgium — 21.15% (2024)
• Bosnia and Herzegovina — 4.09% (2025)
• Bulgaria — 3.89% (2024)
• Croatia — 8.7% (2024)
• Czechia — 11.87% (2024)

More financial sector data for Cyprus

• Consumer price index (2010 = 100) — 119.37 (2025)
• Inflation, consumer prices (annual % growth) — 0.13% (2025)
• Official exchange rate (LCU per US$, period average) — US$0.88 (2025)
• DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
• GDP deflator (base year varies by country) — 118.99 (2025)
• Inflation, GDP deflator (annual % growth) — 1.11% (2025)
• Real effective exchange rate index (2010 = 100) — 84.17 (2025)
• Inflation, GDP deflator, linked series (annual % growth) — 1.11% (2025)
• GDP deflator, linked series (base year varies by country) — 118.99 (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cyprus's claims on central government, etc. (% of GDP)?

11.58% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 15.66 percentage points from 27.24% in 2005. The highest value was 35.85% in 2012 and the lowest 11.58% in 2024.

How does Cyprus rank?

20th highest of 40 economies with data for 2024.

Is the latest change in claims on central government, etc. (% of GDP) unusual for Cyprus?

In 2024, Cyprus' claims on central government, etc. (% of GDP) fell 2.01 percentage points on 2023 (from 13.59% to 11.58%). Across the 18 yearly changes before that (2006 to 2023), the average change was −0.76 percentage points and a typical year strayed about 4.69 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FS.AST.CGOV.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.