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EU · Country assessment
CY

Cyprus.

The public debt ratio requires attention alongside growth. External demand and confidence remain important for a small economy.

IMF October 2026 vintage · 2026 estimates / projections · Assessment date: 25 October 2026
Pension obligations / GDP
288%
Eurostat unfunded entitlements · 2021 · % GDP
Interest rate
2.50%
ECB deposit facility
BIS observation: 2026-10-20
My economic rating
77out of 100
Sound
Growth
70
Public debt
78
Price stability
79
Employment
92
Government effectiveness
69

Each dimension has a 20% weight. This comparison score measures selected conditions; it is not a sovereign credit rating.

My pension system rating
3.0 / 5

The recorded pension promise is substantial. My provisional rating reflects the need to finance benefits through an ageing workforce.

External benchmark: Not covered by the 2026 Marsh CFA index. This rating is provisional.

Assessment confidence: Low / provisional. The author rating is distinct from the external benchmark.

What the pension figure means.

The table reports 288% of GDP in 2021 in accrued unfunded social insurance pension entitlements.

This values promises earned to date. It does not subtract future contributions or measure the tax increase needed for solvency.

Eurostat records accrued-to-date social insurance entitlements. Future contributions are not deducted. Coverage, discount rates, and benefit rules affect the value.

Read the pension evidence and definitions. (external source)

Annual pension spending: 7.56% of GDP in 2024. Eurostat ESSPROS (external source) includes public and relevant private cash benefits. This is a flow, separate from liabilities.
Private/funded entitlements: 15% of GDP in 2021. This is a gross entitlement measure, not pension assets or a net offset.

Protest and riot risk.

Disruptive protests / strikesModerate
Riot / violent crowd disorderLow

Household costs and public spending decisions are plausible triggers for local demonstrations.

The horizon is the next 12 months. These are qualitative author assessments, with medium confidence.

Country-specific official safety evidence (external source) provides context on demonstrations and disruption. Its overall travel rating is not used as a riot score.

World Bank 2025 context: political stability 73.3/100; voice and accountability 74.2/100. These indicators do not predict protests.

Potential triggers above are scenarios, except where an official source explicitly reports an event. Peaceful protest is not violence.

The economic path.

One IMF vintage keeps revisions and projections consistent.

Real GDP growth

WEO series · 2026–27 are projections2024: 3.9%, 2025: 3.8%, 2026: 2.9%, 2027: 3.2%2024202520262027

3.9% in 2024 · 3.2% in 2027

Average CPI inflation

WEO series · 2026–27 are projections2024: 2.3%, 2025: 0.8%, 2026: 3.7%, 2027: 1.9%2024202520262027

2.3% in 2024 · 1.9% in 2027

Government debt / GDP

WEO series · 2026–27 are projections2024: 62.8%, 2025: 55.0%, 2026: 51.4%, 2027: 46.7%2024202520262027

62.8% in 2024 · 46.7% in 2027

Annual macroeconomic series for Cyprus
Year / statusDebt / GDPGDP growthInflationUnemployment
2024Historical WEO series62.8%3.9%2.3%4.8%
2025Historical WEO series55.0%3.8%0.8%4.4%
2026Estimate / projection51.4%2.9%3.7%4.0%
2027Estimate / projection46.7%3.2%1.9%4.4%

Historical values can include IMF estimates. India follows the IMF fiscal-year convention. Source-specific definitions limit cross-country precision.

Sources and exact series.

IMF · General government gross debt (external source)

GGXWDG_NGDP · CYP · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
IMF · Real GDP growth (external source)

NGDP_RPCH · CYP · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
IMF · Inflation rate, average consumer prices (external source)

PCPIPCH · CYP · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
IMF · Unemployment rate (external source)

LUR · CYP · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
BIS · Interest rate (external source)

From 18 Sep 2024 onwards: official central bank steering rate is the deposit facility rate, fixed rate; from 15 Oct 2008 to 17 Sep 2024: official central bank liquidity providing, main refinancing operations, fixed rate; from 28 Jun 2000 to 14 Oct 2008: official central bank liquidity providing, main refinancing operations, minimum bid rate; from 5 Jan 1999 to 27 Jun 2000: official central bank liquidity providing, main refinancing operations, fixed rate. Source institution: European Central Bank.

Accessed 25 October 2026.
Pension obligations and local funding evidence (external source)

Eurostat key where available: A.PC_GDP.S13PU.F63_LE.CY. Values retain their own reference year.

Accessed 25 October 2026.
World Bank · Governance context (external source)

2025 observations: GOV_WGI_GE_SC, GOV_WGI_PV_SC, and GOV_WGI_VA_SC. The economic formula uses effectiveness only.

Accessed 25 October 2026.
Official country guidance · Demonstrations (external source)

The report uses country-specific discussion of demonstrations. Generic warnings alone do not establish the likelihood of riots.

Accessed 25 October 2026.