Cyprus recorded a Government Budget surplus equal to 3.10 percent of the country's Gross Domestic Product in 2023. Government Budget in Cyprus averaged -2.50 percent of GDP from 1995 until 2023, reaching an all time high of 3.20 percent of GDP in 2007 and a record low of -8.80 percent of GDP in 2014. source: Statistical Service of the Republic of Cyprus
Government Budget in Cyprus is expected to reach 2.20 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Government Budget is projected to trend around 2.50 percent of GDP in 2025, according to our econometric models.