Cyprus

Cyprus

Cyprus's economy was valued at $37.63 billion in 2024, per World Bank WDI figures, with GDP per capita of $38,674.29 and a population of 1,358,282 that year — a high per-capita figure within this country bundle's economic series. Government debt is projected at 50.9% of GDP for 2026, according to IMF WEO data, a moderate load by this single measure. Foreign reserves stood at $1.00 billion as of 2025, per IMF IFS figures.

Defense spending totaled $663.31 million in 2025, according to SIPRI's Milex database, equivalent to 1.605% of GDP under SIPRI's own GDP accounting for that year — a ratio drawn from SIPRI's parallel GDP series rather than the World Bank total cited above. The Correlates of War National Material Capabilities (COW NMC) dataset recorded 12,000 active military personnel in 2022 and assigned Cyprus a composite index of national capability (CINC) score of 0.00020419309 for that year, a composite COW derives from demographic, economic, and military inputs rather than spending alone.

V-Dem v15's 2025 governance indicators show an electoral democracy score of 0.773, a liberal democracy score of 0.664, and a high state capacity score of 0.88, with all three measures clustered toward the upper end of the scale used in this dataset.

On energy, primary energy consumption stood at 0.1201 exajoules in 2024 and electricity generation at 5.91 terawatt-hours in 2025, both per Our World in Data's energy series — among the more current energy readings in this dataset.

Data gaps

Oil and gas production figures (both 0.0 terawatt-hours) are dated 2016, per Our World in Data — a decade-old reading, in contrast to the comparatively recent 2024 and 2025 primary energy and electricity figures above, and should not be treated as a current statement on domestic hydrocarbon output. The 50.9% debt-to-GDP figure is an IMF WEO projection for 2026 rather than a confirmed historical outturn. No generation-mix figures accompany the electricity data above, so the composition of Cyprus's power supply cannot be assessed from this bundle.

Sources: World Bank WDI, IMF WEO, IMF IFS, SIPRI Milex, Correlates of War National Material Capabilities, V-Dem v15, Our World in Data (Energy)