🏳️ Cyprus
Public Sector Debt · 2026
Total Debt
64.8%
of GDP
Global Rank
#75
of 192
S&P Rating
BBB+
Credit rating
SOE Debt
+2.0%
2 categories
5yr Change
-56pp
improving
Where the Debt Sits
Central Government
Central Government: 62.8%Energy SOEs: 1.3%Infrastructure: 0.7%
Full Debt Breakdown
Central Government62.8% of GDP
Central GovernmentEurostat — Government Debt (Maastricht)
62.8%Energy SOEs1.3% of GDP
EAC (Electricity Authority of Cyprus)EAC Budget 2024 / EU Commission SWD 2023State monopoly electricity provider; estimated borrowings ~€400M
1.3%Infrastructure SOEs0.7% of GDP
Cyta (Cyprus Telecommunications Authority)Cyta 2024 Budget / Financial Mirror 2022State telecom; €501M budget; pension deficit €75M; modest external debt
0.7%Total Corporate Debt71.9% of GDP
NF corporate debt (est.)WB WDI 2020
71.9%Household Debt38.7% of GDP
Household debt (est.)WB WDI 2020
38.7%State Bank Liabilities2.0% of GDP
KEDIPES (ex-Cooperative Central Bank)EU Commission SWD Cyprus 2023Residual asset management entity from cooperative bank resolution; winding down
2.0%All Layers Total177.4%
Credit Ratings
S&P
BBB+
Moody's
Baa1
Fitch
BBB+
Data Sources
Eurostat — Government Debt (Maastricht)general_government · Updated semi_annual
Dec 202462.8% GDP
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