Share of government expenditure going to interest payments in Cyprus
Cyprus: Share of government expenditure going to interest payments was 3.05 in 2023. ▼ Falling
Latest (2023)
3.05
Change on year
down 13.2%
World rank
112th
of 152 countries
All-time high
17.03
in 1994
All-time low
3.05
in 2023
Years of data
52
1972–2023
Share of government expenditure going to interest payments in Cyprus, 1972–2023
Source: Our World in Data.
Analysis
In 2023, share of government expenditure going to interest payments in Cyprus stood at 3.05. That is the lowest value across all 52 years on record.
The figure is down 13.2% on the previous year and down 57.1% over ten years.
Over the whole period, share of government expenditure going to interest payments in Cyprus peaked at 17.03 in 1994 and was at its lowest, 3.05, in 2023.
Cyprus ranks 112th of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Share of government expenditure going to interest payments in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1972 | 4.8 | — |
| 1973 | 4.33 | -9.8% |
| 1974 | 3.32 | -23.4% |
| 1975 | 3.82 | +15.2% |
| 1976 | 4.78 | +24.9% |
| 1977 | 6.66 | +39.4% |
| 1978 | 6.33 | -5.0% |
| 1979 | 7.9 | +24.8% |
| 1980 | 7.88 | -0.2% |
| 1981 | 9.3 | +18.0% |
| 1982 | 10.78 | +15.9% |
| 1983 | 12.08 | +12.1% |
| 1984 | 14.71 | +21.8% |
| 1985 | 14.44 | -1.8% |
| 1986 | 15.51 | +7.4% |
| 1987 | 14.87 | -4.1% |
| 1988 | 15.1 | +1.5% |
| 1989 | 15.78 | +4.5% |
| 1990 | 15.13 | -4.1% |
| 1991 | 15.92 | +5.2% |
| 1992 | 15.57 | -2.2% |
| 1993 | 16.92 | +8.7% |
| 1994 | 17.03 | +0.7% |
| 1995 | 6.41 | -62.4% |
| 1996 | 7.37 | +15.0% |
| 1997 | 7.25 | -1.6% |
| 1998 | 8.54 | +17.8% |
| 1999 | 8.48 | -0.8% |
| 2000 | 9.3 | +9.7% |
| 2001 | 9.11 | -2.0% |
| 2002 | 8.13 | -10.8% |
| 2003 | 7.93 | -2.5% |
| 2004 | 7.68 | -3.1% |
| 2005 | 7.76 | +0.9% |
| 2006 | 7.46 | -3.9% |
| 2007 | 7.24 | -2.9% |
| 2008 | 6.62 | -8.5% |
| 2009 | 5.28 | -20.2% |
| 2010 | 4.43 | -16.1% |
| 2011 | 4.76 | +7.5% |
| 2012 | 6.12 | +28.5% |
| 2013 | 7.11 | +16.2% |
| 2014 | 6.42 | -9.7% |
| 2015 | 7.38 | +14.9% |
| 2016 | 6.8 | -7.9% |
| 2017 | 6.61 | -2.8% |
| 2018 | 5.73 | -13.3% |
| 2019 | 5.56 | -3.0% |
| 2020 | 4.58 | -17.5% |
| 2021 | 4.08 | -11.1% |
| 2022 | 3.52 | -13.7% |
| 2023 | 3.05 | -13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.24 | 3.32 | 7.9 | 8 |
| 1980s | 13.05 | 7.88 | 15.78 | 10 |
| 1990s | 11.86 | 6.41 | 17.03 | 10 |
| 2000s | 7.65 | 5.28 | 9.3 | 10 |
| 2010s | 6.09 | 4.43 | 7.38 | 10 |
| 2020s | 3.81 | 3.05 | 4.58 | 4 |
Countries ranked near Cyprus
More reference data data for Cyprus
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.043 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0752 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1565 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0045 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1565 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1441 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.1715 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3058 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7841 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0245 (2050)
Frequently asked questions
- What is share of government expenditure going to interest payments in Cyprus?
- Share of government expenditure going to interest payments in Cyprus was 3.05 in 2023, according to Our World in Data.
- What is the highest share of government expenditure going to interest payments recorded in Cyprus?
- The highest recorded value was 17.03 in 1994.
- What is the lowest share of government expenditure going to interest payments recorded in Cyprus?
- The lowest recorded value was 3.05 in 2023.
- How does Cyprus rank for share of government expenditure going to interest payments?
- Cyprus ranks 112th out of 152 countries with data for 2023.
- Is share of government expenditure going to interest payments rising or falling in Cyprus?
- Over the last ten years it is down 57.1%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from Our World in Data, published as part of Share of government expenditure going to interest payments. Statizoid updates them automatically from the source API.
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