Prices & public finance · Europe & Central Asia · High income
Cyprus: prices, money and public finance
Inflation is 0.1% (2025), 165th of 180 in the world and 49th of 49 in Europe & Central Asia. GDP deflator is 1.1% (2025), 171st of 209 in the world and 53rd of 56 in Europe & Central Asia. Exchange rate is 0.88 (2025), 181st of 210 in the world and 35th of 57 in Europe & Central Asia.
Inflation
CyprusEurope & Central AsiaHigh incomeWorld
GDP deflator
CyprusEurope & Central AsiaHigh incomeWorld
9 indicators
Prices & public finance: Cyprus in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 0.1%2025 | 165/180 | 49/49 | 4.1% | 2.4% | -0.6% | +2.2 ppsince 2015 | 3.7% | 2.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 1.1%2025 | 171/209 | 53/56 | 2.7% | 1.9% | -1.2% | +1.9 ppsince 2015 | 3.6% | 2.6% | 3.3% | |
| Exchange rateOfficial exchange rate, local currency per US$ | 0.882025 | 181/210 | 35/57 | 0.62 | 0.75 | 0.88 | −1.8%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 23.9%2024 | 21/142 | 12/48 | 20.8% | 23.1% | 21.9% | −0.8 ppsince 2014 | 19.7% | 15.3% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 39.9%2024 | 14/142 | 10/48 | 32.9% | 37.8% | 38.4% | −1.6 ppsince 2014 | 34.7% | 26.3% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 38.5%2023 | 22/142 | 16/47 | 33.3% | 40.6% | 43.7% | −6.5 ppsince 2013 | 38.9% | 30.1% | 28.5% | |
| Private creditDomestic credit to private sector, % of GDP | 56.7%2024 | 59/169 | 22/48 | 144.4%2001 | 234.3% | 106.5% | −195.2 ppsince 2014 | 82.1% | 152.1% | 140.3% | |
| Reserves, months of importsTotal reserves in months of imports | 0.52025 | 158/165 | 47/49 | 3.6 | 0.4 | 0.2 | +146%since 2015 | 6.3 | 7.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.61%2025 | 83/156 | 37/47 | 2.82% | 1.85% | 1.90% | ±0.0 ppsince 2015 | 2.83% | 2.80% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Reserves, months of imports+146%0.5 in 2025
Worse than ten years ago
- Inflation+2.2 pp0.1% in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Cyprus and its neighbours
Countries sharing a land border with Cyprus. Latest values since 2005; the highest in each row is marked.
| Indicator | Cyprus | Türkiye | United Kingdom | Israel |
|---|---|---|---|---|
| Inflation | 0.1%2025 | 34.9%2025 | 3.9%2025 | 3.0%2025 |
| GDP deflator | 1.1%2025 | 36.4%2025 | 3.7%2025 | 2.1%2025 |
| Exchange rate | 0.882025 | 39.452025 | 0.762025 | 3.452025 |
| Tax revenue | 23.9%2024 | 17.6%2024 | 26.9%2024 | 23.2%2024 |
| Government revenue | 39.9%2024 | 31.5%2024 | 34.8%2024 | 31.5%2024 |
| Government expense | 38.5%2023 | 33.0%2023 | 41.2%2023 | 37.3%2023 |
| Private credit | 56.7%2024 | 45.8%2025 | 112.4%2024 | 72.5%2025 |
| Reserves, months of imports | 0.52025 | 5.12025 | 1.42025 | 14.42025 |
| Military spending | 1.61%2025 | 1.91%2025 | 2.35%2025 | 7.81%2025 |