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Economy of Antigua and Barbuda vs Cyprus compared: GDP & Debt

Updated on by Georank

Antigua and Barbuda has a GDP of $2.34B compared to $41.2B for Cyprus, ranking 178/197 and 103/197 by economy size, respectively.

Antigua and Barbuda has $1.63B in government debt (69.7% of GDP), compared to $22.8B (55.3% of GDP) in Cyprus.

Antigua and Barbuda vs Cyprus GDP by year

Antigua and Barbuda
Cyprus
1x
Year GDP, current $
Antigua Cyprus
2025 $2,338,196,296 $41,225,787,247
2024 $2,162,366,667 $37,634,551,821
2023 $2,054,096,296 $35,075,440,603
2022 $1,857,114,815 $31,218,047,044
2021 $1,602,125,926 $30,372,637,513
2020 $1,411,637,037 $25,555,082,267
2019 $1,726,448,148 $26,196,660,680
2018 $1,661,529,630 $25,754,011,492
2017 $1,534,855,556 $22,946,583,376
2016 $1,489,603,704 $21,046,452,117
2015 $1,437,485,185 $19,909,269,065
2014 $1,378,707,407 $23,225,912,183
2013 $1,325,496,296 $23,959,708,956
2012 $1,364,729,630 $25,047,433,100
2011 $1,287,359,259 $27,641,553,201
2010 $1,298,348,148 $25,799,940,416
2009 $1,386,518,519 $26,048,190,775
2008 $1,557,640,741 $27,958,384,913
2007 $1,487,381,481 $23,968,727,074
2006 $1,303,674,074 $20,072,754,987
2005 $1,143,896,296 $18,433,412,511
2004 $1,026,329,630 $17,320,551,250
2003 $948,100,000 $14,547,329,558
2002 $898,092,593 $11,420,228,846
2001 $877,774,074 $10,397,898,907
2000 $901,003,704 $9,985,847,314
1999 $835,544,444 $10,497,907,228
1998 $789,788,889 $10,248,618,778
1997 $734,422,222 $9,547,816,420
1996 $679,140,741 $10,011,914,680
1995 $616,051,852 $9,933,137,128
1994 $625,081,481 $7,425,703,929
1993 $565,662,963 $6,590,291,048
1992 $525,133,333 $6,912,150,456
1991 $504,337,037 $5,770,197,348
1990 $478,718,519 $5,591,130,218
1989 $455,174,074 $4,563,482,604
1988 $411,396,296 $4,278,792,597
1987 $346,866,667 $3,704,813,886
1986 $297,562,963 $3,090,734,463
1985 $246,370,370 $2,430,411,900
1984 $212,214,815 $2,278,248,953
1983 $184,866,667 $2,160,364,071
1982 $166,444,444 $2,159,242,417
1981 $149,388,889 $2,087,496,374
1980 $132,451,852 $2,154,311,277
1979 $109,596,296 $1,288,699,776
1978 $88,040,741 $964,024,364
1977 $77,507,407 $734,876,021
1976 - $576,090,074
1975 - $489,912,574

Data sources: World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/cyprus | CC BY

GDP per capita in Antigua and Barbuda vs Cyprus by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Cyprus
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Cyprus
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $24,819 - $30,075 -
2024 $23,060 $33,386 $27,707 $63,007
2023 $22,012 $31,602 $26,079 $59,875
2022 $20,003 $29,934 $23,448 $55,876
2021 $17,349 $25,745 $23,057 $47,633
2020 $15,370 $22,370 $19,624 $42,569
2019 $18,896 $26,551 $20,360 $44,394
2018 $18,273 $24,524 $20,267 $40,262
2017 $16,966 $21,422 $18,295 $37,768
2016 $16,557 $21,320 $17,013 $35,247
2015 $16,078 $20,985 $16,326 $31,380
2014 $15,532 $21,671 $19,326 $29,893
2013 $15,052 $21,761 $20,238 $30,416
2012 $15,640 $23,012 $21,493 $31,924
2011 $14,912 $23,804 $24,110 $33,406
2010 $15,217 $24,071 $22,876 $33,502
2009 $16,472 $26,157 $23,480 $33,901
2008 $18,787 $29,978 $25,626 $34,830
2007 $18,205 $29,851 $22,344 $32,888
2006 $16,174 $26,949 $19,037 $30,009
2005 $14,369 $23,485 $17,790 $27,763
2004 $13,038 $21,629 $17,016 $25,942
2003 $12,173 $20,127 $14,553 $24,278
2002 $11,659 $18,813 $11,636 $23,556
2001 $11,539 $18,569 $10,785 $22,866
2000 $12,027 $19,319 $10,537 $21,296
1999 $11,342 $18,088 $11,273 $19,663
1998 $10,907 $17,496 $11,206 $18,760
1997 $10,336 $16,836 $10,637 $17,781
1996 $9,756 $16,017 $11,373 $17,320
1995 $9,034 $15,062 $11,514 $17,096
1994 $9,351 $15,736 $8,791 $15,735
1993 $8,625 $14,720 $7,978 $14,852
1992 $8,154 $13,908 $8,530 $14,759
1991 $7,956 $13,658 $7,222 $13,546
1990 $7,591 $12,996 $7,092 $13,348
1989 $7,188 - $5,870 -
1988 $6,466 - $5,584 -
1987 $5,424 - $4,908 -
1986 $4,629 - $4,159 -
1985 $3,814 - $3,324 -
1984 $3,271 - $3,167 -
1983 $2,847 - $3,055 -
1982 $2,569 - $3,100 -
1981 $2,310 - $3,030 -
1980 $2,053 - $3,154 -
1979 $1,705 - $1,902 -
1978 $1,375 - $1,434 -
1977 $1,214 - $1,102 -
1976 - - $870 -
1975 - - $743 -

Data sources: World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/cyprus | CC BY

Antigua and Barbuda's GDP per capita is $24,819, ranking 55/197, compared to $30,075 in Cyprus, ranking 45/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Cyprus ranks 29th at $63,007.

Economic indicators

Antigua Cyprus
Gross domestic product
$2.34B
2025
$41.2B
2025
GDP rank
178/197
2025
103/197
2025
GDP growth
5%
2024-2025
3.77%
2024-2025
GDP per capita
$24,819
2025
$30,075
2025
GDP per capita rank
55/197
2025
45/197
2025
GDP per capita, PPP
$33,386
2024
$63,007
2024
GDP per capita PPP rank
66/197
2024
29/197
2024
Government debt
$1.63B
2025
$22.8B
2025
Debt-to-GDP ratio
69.7%
2025
55.3%
2025
Government debt per person
$17,310
2025
$16,632
2025
Government debt per person rank
38/185
2025
40/185
2025
Average annual personal income after taxes
$16,750
2026
$24,626
2026
Market capitalization of domestic companies n/a
$27.9B
2025
Number of millionaires n/a
24,000
2026
Number of billionaires n/a
10
2026
Income share by richest 10% n/a
26.3%
2023
Income share by poorest 10% n/a
3.6%
2023
Government expenditure, % of GDP
19.3%
2025
40.4%
2025
Consumer prices inflation
1.4%
2024-2025
0.13%
2024-2025
Unemployment rate
5.37%
2023
4.4%
2025
Population
94846
1388591

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
Cyprus
Spending

Debt
1x
Year % of GDP
Antigua Cyprus
Government spending Government debt Government spending Government debt
2025 19.3% 69.7% 40.4% 55.3%
2024 20.2% 71.8% 38.3% 62.8%
2023 18.4% 74.5% 40.6% 71.1%
2022 20.8% 82.4% 37.7% 80.3%
2021 23.4% 93% 42.7% 96.5%
2020 26% 100.5% 45.9% 113.6%
2019 22.1% 81.6% 40.3% 92.3%
2018 21.5% 84.3% 44.3% 100.7%
2017 22.6% 88.2% 38.4% 96.4%
2016 23.8% 83.1% 39.6% 106.8%
2015 24.8% 92.1% 43% 111.6%
2014 20.9% 91.9% 52.1% 113%
2013 20.7% 85.4% 42.1% 102.7%
2012 18.5% 76.9% 41.9% 79.2%
2011 21.1% 81.1% 42.1% 64.8%
2010 20% 79.4% 41.7% 55.3%
2009 32.1% 89.2% 41.9% 52.8%
2008 23.2% 66.8% 38.2% 44.1%
2007 23.8% 68.7% 37.6% 53.1%
2006 26% 79.1% 39.1% 59%
2005 21.5% 82.8% 39.7% 64%
2004 21.9% 107.7% 38.6% 64.7%
2003 24.2% 113% 40.4% 63%
2002 26.3% 114.5% 37.4% 61%
2001 24.2% 107.6% 35.7% 57.5%
2000 21.1% 96.4% 35% 56%
1999 20.3% 95.9% 34.3% 55.7%
1998 20.7% 94.6% 34.4% 55%
1997 16.8% 80.6% 34.2% 53.5%
1996 19.6% 85.5% 32.4% 48.8%
1995 21% 92.1% 30.4% 46.7%
1994 21.2% 84.5% - -
1993 19.4% 85.3% - -
1992 18.7% 90.8% - -
1991 20.8% 94.6% - -
1990 18.1% 94.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/cyprus | CC BY

In 2025, Antigua and Barbuda's government spending was $450M, accounting for 19.3% of its GDP, while Cyprus spent $16.7B, or 40.4% of GDP.

Debt-to-GDP ratio is 69.7% in Antigua and Barbuda and 55.3% in Cyprus, ranking 58/185 and 89/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

Cyprus
1x
Year Deficit/surplus, % of GDP
Antigua Cyprus
2025 3.14% 2.99%
2024 1.65% 4.14%
2023 -1.66% 1.71%
2022 -2.86% 2.69%
2021 -4.52% -1.59%
2020 -6.23% -5.57%
2019 -3.64% 1.03%
2018 -2.43% -3.36%
2017 -2.72% 2.13%
2016 -0.14% 0.45%
2015 -2.42% -0.77%
2014 -2.6% -8.8%
2013 -3.83% -5.16%
2012 -0.97% -5.55%
2011 -3.09% -5.65%
2010 -0.24% -4.68%
2009 -15.8% -5.43%
2008 -4.72% 0.87%
2007 -4.98% 3.23%
2006 -6.62% -1.04%
2005 -4.29% -2.22%
2004 -3.9% -3.71%
2003 -7.32% -5.91%
2002 -8.83% -4.13%
2001 -8.58% -2.11%
2000 -4.5% -2.24%
1999 -3.08% -4.05%
1998 -1.62% -3.85%
1997 0% -4.82%
1996 -1.61% -2.96%
1995 -3.89% -0.71%
1994 -4.33% -
1993 -2.45% -
1992 -0.81% -
1991 -3.91% -
1990 0.12% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/cyprus | CC BY

In 2025, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $73.4M, equivalent to 3.14% of GDP. This compares to Cyprus' surplus of $1.23B, or 2.99% of GDP.

Over the past 31 years, Antigua and Barbuda recorded a fiscal deficit in 28 of those years, while Cyprus ran a deficit in 22 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.62% of GDP, compared to deficit of 2.1% of GDP for Cyprus.

Inflation comparison by year

Inflation
Antigua and Barbuda

Cyprus
1x
Year Consumer prices inflation
Antigua Cyprus
2025 1.4% 0.13%
2024 6.2% 1.8%
2023 5.1% 3.54%
2022 7.5% 8.4%
2021 1.6% 2.45%
2020 1.1% -0.64%
2019 1.4% 0.25%
2018 1.2% 1.44%
2017 2.4% 0.53%
2016 -0.5% -1.43%
2015 1% -2.1%
2014 1.1% -1.35%
2013 1.1% -0.4%
2012 3.4% 2.39%
2011 3.5% 3.29%
2010 3.4% 2.43%
2009 -0.6% 0.33%
2008 5.3% 4.67%
2007 1.4% 2.37%
2006 1.8% 2.3%
2005 2.1% 2.56%
2004 2% 2.29%
2003 2% 4.14%
2002 2.4% 2.8%
2001 1.9% 1.97%
2000 -0.2% 4.14%
1999 1.1% 1.63%
1998 3.3% 2.23%
1997 0.4% 3.61%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/cyprus | CC BY

Over the past 29 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.2%, compared with 1.92% in Cyprus. In 2025, inflation was 1.4% in Antigua and Barbuda and 0.13% in Cyprus.

Top exports between countries

Antigua
Export category Export value
Cyprus
Export category Export value
Machinery & equipment $13.2M
Processed food, beverages & tobacco $673K
Chemicals & pharma $111K
Precious metals & jewellery $15K

Balance of trade

Antigua Cyprus
Current account balance
-$281M
2025
-$2.59B
2025
Current account balance ranking
95/190
2025
149/190
2025
Current account balance, % of GDP
-12%
2025
-6.29%
2025
Goods imports
$793M
2025
$12.6B
2025
Goods exports
$96M
2025
$4.62B
2025
Service imports
$614M
2025
$25.3B
2025
Service exports
$1.21B
2025
$35.7B
2025
Imports of goods and services, % of GDP
63.3%
2022
91.9%
2025
Exports of goods and services, % of GDP
55%
2022
97.6%
2025

Economic freedom indices

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

Antigua Cyprus
Economic freedom 56 74.1
Economic freedom ranking 125/197 21/197
Property rights n/a 85.1
Government integrity n/a 59.7
Judicial effectiveness n/a 89.8
Tax burden n/a 80.8
Government spending n/a 52.1
Fiscal health n/a 91.5
Business freedom n/a 82.3
Labor freedom n/a 60.3
Monetary freedom n/a 78.7
Trade freedom n/a 79.4
Investment freedom n/a 70
Financial freedom n/a 60

Other economic metrics

Antigua Cyprus
Services, % of GDP
68.7%
2025
76.8%
2025
Industry, % of GDP
18.2%
2025
11.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.49%
2025
1.12%
2025
GNI, Atlas method
$2.24B
2025
$35.6B
2025
GNI per capita, PPP
$34,670
2025
$57,390
2025
Total reserves including gold
$379M
2025
$2.95B
2025
Total reserves ranking
165/177
2025
121/177
2025
Net foreign direct investment
-$291M
2025
-$9.59B
2025
Net inflows of foreign direct investment
$246M
2024
-$50.4B
2024
Net outflows of foreign direct investment
-$68.4K
2024
-$55.9B
2024
Poverty at national poverty lines n/a
13.9%
2021
Gross capital formation, % of GDP n/a
19.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/cyprus | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.

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.