Government debt ratio in Cyprus
The national debt ratio of Cyprus indicates the relationship between the Cypriot national debt on the one hand and the Cypriot nominal gross domestic product on the other.
Development in recent years
The national debt ratio of Cyprus increased between 2008 and 2013 due to the financial crisis . While the national debt of 8.4 billion euros at the end of 2008 corresponded to a national debt ratio of 48.9%, the national debt ratio at the end of 2013, given a debt level of 18.4 billion euros, reached a value of 111.5%.
Forecast development
The International Monetary Fund assumes that the national debt ratio of Cyprus will decrease to 106.5% by the end of 2019, with a debt level of 19.7 billion euros. This would mean that Cyprus would still fail to meet the Maastricht criterion by a maximum of 60%.
Graphical representation
See also
- List of countries by national debt ratio
- List of European countries by national debt ratio
- Government debt ratio
Individual evidence
- ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)