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Country finance

Europe & Central Asia · EU

Data checked 28 Oct 2026 · next scheduled check 1 Jan 2027 · UN World Population Prospects (via World Bank) released 1 Jul 2026 · Eurostat released 21 Oct 2026 · World Bank WDI released 8 Oct 2026

Total spending · 2024

38.3%

+5.8 pts since 1995

Welfare · 2024

12.4%

+4.0 pts since 1995

Healthcare · 2024

6.10%

+4.1 pts since 1995

Defence · 2024

1.80%

-0.4 pts since 1995

Education · 2024

5.00%

+0.3 pts since 1995

Debt interest · 2024

1.20%

-0.7 pts since 1995

Gross debt · 2025

55.0%

of GDP · +8 pts since 1995

Population · 2025

1.4m

58.9% since 1995

Public-sector employment

Not available: no official public-sector employment series is loaded for Cyprus yet.

Welfare rose from 8.4% to 16.4% of GDP between 1995 and 2013, then fell to 12.4% by 2024.

Healthcare rose from 2.0% to 6.5% of GDP between 1995 and 2021, then fell to 6.1% by 2024.

Defence fell from 2.2% to 1.5% of GDP between 1995 and 2015, then rose to 1.8% by 2024.

Education rose from 4.7% to 6.5% of GDP between 1995 and 2010, then fell to 5.0% by 2024.

Debt interest rose from 1.9% to 3.4% of GDP between 1995 and 2012, then fell to 1.2% by 2024.

Total spending rose from 32.5% to 54.6% of GDP between 1995 and 2012, then fell to 38.3% by 2024.

Gross debt rose from 46.7% to 113.6% of GDP between 1995 and 2020, then fell to 55.0% by 2025.

Population grew from 0.9 million in 1995 to 1.4 million in 2025; the UN projects 1.5 million by 2050.

Every figure comes from official statistics: the national office's own COFOG submission (via Eurostat or the OECD) first, then the IMF, the World Bank and the UN. COFOG covers general government (central, state and local together). A dashed vertical mark on a line is a series break, where the source changes. Euro-area history is in euro-fixed terms.