Cyprus Government Debt To GDP

Cyprus recorded a Government Debt to GDP of 86.60 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Cyprus is reported by the Eurostat. From 1995 until 2012, Cyprus Government Debt To GDP averaged 62.6 Percent reaching an all time high of 86.6 Percent in December of 2012 and a record low of 48.9 Percent in December of 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Cyprus Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
86.60 71.50 86.60 48.90 116.00 | 2013/12 1995 - 2012 Percent Yearly

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Cyprus Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 86.60 2012-12-31 71.50 86.60 48.90 116.00 2013-12-31 Percent [+]
Government Budget -5.20 2013-12-31 -4.90 2.50 -6.60 -5.11 2014-06-30 Percent of GDP [+]
Government Budget Value -114.60 2013-08-15 -202.90 354.00 -578.90 -133.08 2013-12-31 EUR Million [+]
Government Spending 580.40 2013-11-15 708.30 880.70 360.40 614.13 2014-03-31 EUR Million [+]
Credit Rating 31.25 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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Industrial Production in Cyprus decreased 6.62 percent in January of 2014 over the same month in the previous year. Industrial Production in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
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The inflation rate in Cyprus was recorded at -2.29 percent in March of 2014. Inflation Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
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