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Economy of Afghanistan vs Cyprus compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $37.6B for Cyprus, ranking 137/197 and 103/197 by economy size, respectively.

Afghanistan has $1.44B in government debt (8.8% of GDP), compared to $24.5B (65.1% of GDP) in Cyprus.

Afghanistan vs Cyprus GDP by year

Afghanistan
Cyprus
1x
Year GDP, current $
Afghanistan Cyprus
2024 - $37,634,533,332
2023 $17,152,234,637 $35,075,423,857
2022 $14,497,243,872 $31,218,038,929
2021 $14,259,995,441 $30,372,642,502
2020 $19,955,929,052 $25,555,093,854
2019 $18,799,444,490 $26,196,667,100
2018 $18,053,222,687 $25,754,001,368
2017 $18,753,456,498 $22,946,570,629
2016 $18,116,572,395 $21,046,462,281
2015 $19,134,221,645 $19,909,278,417
2014 $20,497,128,556 $23,225,918,260
2013 $20,146,416,758 $23,959,712,861
2012 $19,907,329,778 $25,047,436,975
2011 $17,805,098,206 $27,641,549,302
2010 $15,856,668,556 $25,799,940,078
2009 $12,416,152,732 $26,048,179,949
2008 $10,109,297,048 $27,844,646,258
2007 $9,747,886,187 $23,968,727,074
2006 $6,971,758,282 $20,072,754,987
2005 $6,203,256,539 $18,433,412,511
2004 $5,224,896,719 $17,320,551,250
2003 $4,520,946,819 $14,547,329,558
2002 $3,825,701,439 $11,420,228,846
2001 $2,813,571,754 $10,397,898,907
2000 $3,521,418,060 $9,985,847,314
1999 - $10,497,907,228
1998 - $10,248,618,778
1997 - $9,547,816,420
1996 - $10,011,914,680
1995 - $9,933,137,128
1994 - $7,425,703,929
1993 - $6,590,291,048
1992 - $6,912,150,456
1991 - $5,770,197,348
1990 - $5,591,130,218
1989 - $4,563,482,604
1988 - $4,278,792,597
1987 - $3,704,813,886
1986 - $3,090,734,463
1985 - $2,430,411,900
1984 - $2,278,248,953
1983 - $2,160,364,071
1982 - $2,159,242,417
1981 - $2,087,496,374
1980 - $2,154,311,277
1979 - $1,288,699,776
1978 - $964,024,364
1977 - $734,876,021
1976 - $576,090,074
1975 - $489,912,574

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/cyprus | CC BY

GDP per capita in Afghanistan vs Cyprus by year

Afghanistan
GDP per capita

GDP per capita, PPP
Cyprus
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan Cyprus
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $27,707 $63,007
2023 $414 $2,202 $26,079 $59,875
2022 $357 $2,123 $23,448 $55,876
2021 $356 $2,144 $23,057 $47,633
2020 $511 $2,562 $19,624 $42,569
2019 $497 $2,583 $20,360 $44,394
2018 $491 $2,432 $20,267 $40,262
2017 $525 $2,336 $18,295 $37,768
2016 $522 $2,213 $17,013 $35,247
2015 $566 $2,284 $16,326 $31,380
2014 $625 $2,224 $19,326 $29,893
2013 $637 $2,133 $20,238 $30,416
2012 $651 $1,988 $21,493 $31,924
2011 $607 $1,744 $24,110 $33,406
2010 $561 $1,766 $22,876 $33,502
2009 $452 $1,571 $23,480 $33,901
2008 $382 $1,334 $25,522 $34,830
2007 $376 $1,287 $22,344 $32,888
2006 $274.2 $1,122 $19,037 $30,009
2005 $254.2 $1,076 $17,790 $27,763
2004 $221.8 $972 $17,016 $25,942
2003 $198.9 $967 $14,553 $24,278
2002 $179 $927 $11,636 $23,556
2001 $138.7 $748 $10,785 $22,866
2000 $174.9 $814 $10,537 $21,296
1999 - - $11,273 $19,663
1998 - - $11,206 $18,760
1997 - - $10,637 $17,781
1996 - - $11,373 $17,320
1995 - - $11,514 $17,096
1994 - - $8,791 $15,735
1993 - - $7,978 $14,852
1992 - - $8,530 $14,759
1991 - - $7,222 $13,546
1990 - - $7,092 $13,348
1989 - - $5,870 -
1988 - - $5,584 -
1987 - - $4,908 -
1986 - - $4,159 -
1985 - - $3,324 -
1984 - - $3,167 -
1983 - - $3,055 -
1982 - - $3,100 -
1981 - - $3,030 -
1980 - - $3,154 -
1979 - - $1,902 -
1978 - - $1,434 -
1977 - - $1,102 -
1976 - - $870 -
1975 - - $743 -

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/cyprus | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $27,707 in Cyprus, ranking 45/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Cyprus ranks 29th at $63,007.

Economic indicators

Afghanistan Cyprus
Gross domestic product
$17.2B
2023
$37.6B
2024
GDP rank
137/197
2023
103/197
2024
GDP growth
2.27%
2022-2023
3.94%
2023-2024
GDP per capita
$414
2023
$27,707
2024
GDP per capita rank
196/197
2023
45/197
2024
GDP per capita, PPP
$2,202
2023
$63,007
2024
GDP per capita PPP rank
184/197
2023
29/197
2024
Government debt
$1.44B
2023
$24.5B
2024
Debt-to-GDP ratio
8.8%
2024
65.1%
2024
Government debt per person
$34.8
2023
$18,034
2024
Government debt per person rank
185/185
2023
34/185
2024
Average annual personal income after taxes
$1,869
2026
$25,384
2026
Market capitalization of domestic companies n/a
$10.9B
2024
Number of billionaires n/a
10
2025
Income share by richest 10% n/a
26.3%
2023
Income share by poorest 10% n/a
3.6%
2023
Government expenditure, % of GDP
19.4%
2024
40%
2024
Consumer prices inflation
-4.3%
2023-2024
1.8%
2023-2024
Central bank interest rate
6%
2021
n/a
Unemployment rate
5.68%
2021
4.87%
2024
Population
45409324
1386362

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Cyprus
Spending

Debt
1x
Year % of GDP
Afghanistan Cyprus
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 40% 65.1%
2023 17% 8.42% 42% 73.6%
2022 16.1% 10.8% 38% 81.1%
2021 17.9% 11.2% 42.6% 96.5%
2020 27.9% 7.33% 45.9% 113.6%
2019 28% 6.14% 40.3% 92.3%
2018 28.9% 7.38% 44.3% 100.7%
2017 27.7% 8% 38.4% 96.4%
2016 28% 8.44% 39.6% 106.8%
2015 25.9% 9.15% 43% 111.6%
2014 25.4% 8.7% 52.1% 113%
2013 25% 6.92% 42.1% 102.7%
2012 25% 6.77% 41.9% 79.2%
2011 21.9% 7.52% 42.1% 64.8%
2010 20.8% 7.71% 41.7% 55.3%
2009 21.2% 16.2% 41.9% 52.8%
2008 20.9% 19.1% 38.2% 44.1%
2007 21.4% 20.1% 37.6% 53.1%
2006 18.3% 23% 39.1% 59%
2005 15.7% 206.4% 39.7% 64%
2004 15.1% 245% 38.6% 64.7%
2003 11.9% 270.6% 40.4% 63%
2002 6.94% 346% 37.4% 61%
2001 - - 35.7% 57.5%
2000 - - 35% 56%
1999 - - 34.3% 55.7%
1998 - - 34.4% 55%
1997 - - 34.2% 53.5%
1996 - - 32.4% 48.8%
1995 - - 30.4% 46.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/cyprus | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while Cyprus spent $15B, or 40% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 65.1% in Cyprus, ranking 181/185 and 68/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Cyprus
1x
Year Deficit/surplus, % of GDP
Afghanistan Cyprus
2024 -0.54% 4.28%
2023 -1.33% 1.7%
2022 -1% 2.65%
2021 -0.48% -1.64%
2020 -2.24% -5.57%
2019 -1.06% 1.03%
2018 1.63% -3.36%
2017 -0.67% 2.13%
2016 0.13% 0.45%
2015 -1.38% -0.77%
2014 -1.72% -8.8%
2013 -0.63% -5.16%
2012 0.18% -5.55%
2011 -0.67% -5.65%
2010 0.93% -4.68%
2009 -1.76% -5.43%
2008 -3.86% 0.87%
2007 -2.46% 3.23%
2006 0.68% -1.04%
2005 -0.92% -2.22%
2004 -2.39% -3.71%
2003 -2.1% -5.91%
2002 -0.1% -4.13%
2001 - -2.11%
2000 - -2.24%
1999 - -4.05%
1998 - -3.85%
1997 - -4.82%
1996 - -2.96%
1995 - -0.71%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/cyprus | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to Cyprus' surplus of $596M, or 1.7% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Cyprus ran a deficit in 15 years. On average, Afghanistan posted an annual deficit equal to 0.96% of GDP, compared to deficit of 2.34% of GDP for Cyprus.

Inflation comparison by year

Inflation
Afghanistan

Cyprus
1x
Year Consumer prices inflation
Afghanistan Cyprus
2024 -4.3% 1.8%
2023 -7.7% 3.54%
2022 10.6% 8.4%
2021 7.8% 2.45%
2020 5.6% -0.64%
2019 2.3% 0.25%
2018 0.6% 1.44%
2017 5% 0.53%
2016 4.4% -1.43%
2015 -0.7% -2.1%
2014 4.7% -1.35%
2013 7.4% -0.4%
2012 6.4% 2.39%
2011 11.8% 3.29%
2010 2.2% 2.43%
2009 -6.8% 0.33%
2008 26.4% 4.67%
2007 8.7% 2.37%
2006 6.8% 2.3%
2005 10.6% 2.56%
2004 16.4% 2.29%
2003 35.7% 4.14%
2002 - 2.8%
2001 - 1.97%
2000 - 4.14%
1999 - 1.63%
1998 - 2.23%
1997 - 3.61%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/cyprus | CC BY

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 1.78% in Cyprus. In 2024, inflation was -4.3% in Afghanistan and 1.8% in Cyprus.

Top exports between countries

Afghanistan
Export category Export value
Cyprus
Export category Export value
Chemicals & pharma $2.62M

Balance of trade

Afghanistan Cyprus
Current account balance
-$3.14B
2020
-$3.07B
2024
Current account balance ranking
159/190
2020
157/190
2024
Current account balance, % of GDP
-15.7%
2020
-8.16%
2024
Goods imports
$5.88B
2020
$11.9B
2024
Goods exports
$777M
2020
$4.43B
2024
Service imports
$1.11B
2020
$23.2B
2024
Service exports
$700M
2020
$32.1B
2024
Imports of goods and services, % of GDP
50.7%
2023
93.4%
2024
Exports of goods and services, % of GDP
16.9%
2023
97%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Cyprus
Economic freedom 53 74.1
Economic freedom ranking 142/197 21/197
Property rights 3.6 85.1
Government integrity 13.5 59.7
Judicial effectiveness 0 89.8
Tax burden 92 80.8
Government spending 90.8 52.1
Fiscal health 98.4 91.5
Business freedom 33.7 82.3
Labor freedom 44.4 60.3
Monetary freedom 84.9 78.7
Trade freedom 68.6 79.4
Investment freedom 10 70
Financial freedom 10 60

Economic freedom comparison by year

Afghanistan
Cyprus
1x
Year Economic freedom index
Afghanistan Cyprus
2026 - 74.1
2025 - 73.2
2024 - 72.2
2023 - 72.3
2022 - 72.9
2021 53 71.4
2020 54.7 70.1
2019 51.5 68.1
2018 51.3 67.8
2017 48.9 67.9
2016 - 68.7
2015 - 67.9
2014 - 67.6
2013 - 69
2012 - 71.8
2011 - 73.3
2010 - 70.9
2009 - 70.8
2008 - 71.3
2007 - 71.7
2006 - 71.8
2005 - 71.9
2004 - 74.1
2003 - 73.3
2002 - 73
2001 - 71
2000 - 67.2
1999 - 67.8
1998 - 68.2
1997 - 67.9
1996 - 67.7

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/afghanistan/cyprus | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 74.1 for Cyprus, ranking 21/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan Cyprus
Services, % of GDP
46.4%
2023
76.5%
2024
Industry, % of GDP
13.4%
2023
11.1%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
1.16%
2024
GNI, Atlas method
$15.5B
2023
$32B
2024
GNI per capita, PPP
$2,210
2023
$56,200
2024
Total reserves including gold
$9.75B
2020
$2.09B
2024
Total reserves ranking
78/177
2020
124/177
2024
Net foreign direct investment
$24.3M
2020
-$5.49B
2024
Net inflows of foreign direct investment
$0
2024
-$50.4B
2024
Net outflows of foreign direct investment
$0
2024
-$55.9B
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
n/a
Poverty at national poverty lines
47.1%
2019
13.9%
2021
Gross capital formation, % of GDP
15.3%
2023
20.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/cyprus | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. TradeMap (2024, retrieved 2026-02-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.