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Economy of China vs Cyprus compared: GDP & Debt

Updated on by Georank

China has a GDP of $19.5T compared to $41.2B for Cyprus, ranking 2/197 and 103/197 by economy size, respectively.

China has $19.3T in government debt (99.2% of GDP), compared to $22.8B (55.3% of GDP) in Cyprus.

China vs Cyprus GDP by year

China
Cyprus
1x
Year GDP, current $
China Cyprus
2025 $19,498,039,388,043 $41,225,787,247
2024 $18,729,668,435,848 $37,634,551,821
2023 $18,270,356,654,533 $35,075,440,603
2022 $18,316,765,021,690 $31,218,047,044
2021 $18,201,698,719,564 $30,372,637,513
2020 $14,996,414,166,715 $25,555,082,267
2019 $14,560,167,101,283 $26,196,660,680
2018 $14,147,765,772,964 $25,754,011,492
2017 $12,537,559,062,283 $22,946,583,376
2016 $11,456,024,084,962 $21,046,452,117
2015 $11,280,814,787,469 $19,909,269,065
2014 $10,674,533,168,257 $23,225,912,183
2013 $9,743,124,247,267 $23,959,708,956
2012 $8,673,664,713,189 $25,047,433,100
2011 $7,671,757,207,851 $27,641,553,201
2010 $6,192,564,874,453 $25,799,940,416
2009 $5,189,577,094,998 $26,048,190,775
2008 $4,667,346,414,522 $27,958,384,913
2007 $3,604,055,822,572 $23,968,727,074
2006 $2,791,498,472,804 $20,072,754,987
2005 $2,317,551,298,052 $18,433,412,511
2004 $1,984,196,551,300 $17,320,551,250
2003 $1,683,903,309,844 $14,547,329,558
2002 $1,489,821,682,051 $11,420,228,846
2001 $1,355,036,590,252 $10,397,898,907
2000 $1,223,754,919,971 $9,985,847,314
1999 $1,103,843,203,576 $10,497,907,228
1998 $1,037,134,141,760 $10,248,618,778
1997 $967,753,570,435 $9,547,816,420
1996 $868,523,936,530 $10,011,914,680
1995 $738,190,896,228 $9,933,137,128
1994 $566,929,539,493 $7,425,703,929
1993 $446,557,291,212 $6,590,291,048
1992 $428,502,354,788 $6,912,150,456
1991 $384,510,452,962 $5,770,197,348
1990 $361,560,229,446 $5,591,130,218
1989 $348,380,566,802 $4,563,482,604
1988 $312,888,888,889 $4,278,792,597
1987 $273,455,156,951 $3,704,813,886
1986 $301,310,144,928 $3,090,734,463
1985 $310,064,625,850 $2,430,411,900
1984 $260,442,857,143 $2,278,248,953
1983 $231,130,268,199 $2,160,364,071
1982 $205,480,916,031 $2,159,242,417
1981 $196,218,253,968 $2,087,496,374
1980 $191,487,500,000 $2,154,311,277
1979 $178,573,913,043 $1,288,699,776
1978 $149,788,617,886 $964,024,364
1977 $175,226,595,860 $734,876,021
1976 $154,196,810,059 $576,090,074
1975 $163,687,619,736 $489,912,574
1974 $144,418,433,058 -
1973 $138,764,340,892 -
1972 $113,871,930,714 -
1971 $99,959,013,880 -
1970 $92,752,930,873 -
1969 $79,847,786,729 -
1968 $70,980,323,819 -
1967 $73,011,350,596 -
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in China vs Cyprus by year

China
GDP per capita

GDP per capita, PPP
Cyprus
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Cyprus
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,862 - $30,075 -
2024 $13,293 $27,105 $27,707 $63,007
2023 $12,951 $25,179 $26,079 $59,875
2022 $12,971 $23,032 $23,448 $55,876
2021 $12,887 $20,843 $23,057 $47,633
2020 $10,627 $18,267 $19,624 $42,569
2019 $10,343 $17,601 $20,360 $44,394
2018 $10,086 $16,298 $20,267 $40,262
2017 $8,980 $15,022 $18,295 $37,768
2016 $8,255 $14,157 $17,013 $35,247
2015 $8,175 $13,463 $16,326 $31,380
2014 $7,781 $12,942 $19,326 $29,893
2013 $7,147 $12,228 $20,238 $30,416
2012 $6,405 $11,420 $21,493 $31,924
2011 $5,704 $10,457 $24,110 $33,406
2010 $4,629 $9,411 $22,876 $33,502
2009 $3,898 $8,448 $23,480 $33,901
2008 $3,523 $7,713 $25,626 $34,830
2007 $2,735 $6,935 $22,344 $32,888
2006 $2,129 $5,946 $19,037 $30,009
2005 $1,778 $5,148 $17,790 $27,763
2004 $1,531 $4,505 $17,016 $25,942
2003 $1,307 $4,007 $14,553 $24,278
2002 $1,164 $3,591 $11,636 $23,556
2001 $1,065 $3,258 $10,785 $22,866
2000 $969 $2,964 $10,537 $21,296
1999 $881 $2,690 $11,273 $19,663
1998 $835 $2,483 $11,206 $18,760
1997 $787 $2,297 $10,637 $17,781
1996 $713 $2,088 $11,373 $17,320
1995 $613 $1,884 $11,514 $17,096
1994 $476 $1,680 $8,791 $15,735
1993 $379 $1,471 $7,978 $14,852
1992 $368 $1,276 $8,530 $14,759
1991 $334 $1,105 $7,222 $13,546
1990 $319 $991 $7,092 $13,348
1989 $311 - $5,870 -
1988 $284 - $5,584 -
1987 $252.3 - $4,908 -
1986 $282.4 - $4,159 -
1985 $295 - $3,324 -
1984 $251.2 - $3,167 -
1983 $225.9 - $3,055 -
1982 $203.7 - $3,100 -
1981 $197.4 - $3,030 -
1980 $195.1 - $3,154 -
1979 $184.3 - $1,902 -
1978 $156.7 - $1,434 -
1977 $185.7 - $1,102 -
1976 $165.7 - $870 -
1975 $178.6 - $743 -
1974 $160.4 - - -
1973 $157.3 - - -
1972 $132.1 - - -
1971 $118.8 - - -
1970 $113.3 - - -
1969 $100.3 - - -
1968 $91.6 - - -
1967 $96.8 - - -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

China's GDP per capita is $13,862, ranking 77/197, compared to $30,075 in Cyprus, ranking 45/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Cyprus ranks 29th at $63,007.

Economic indicators

China Cyprus
Gross domestic product
$19.5T
2025
$41.2B
2025
GDP rank
2/197
2025
103/197
2025
GDP growth
4.96%
2024-2025
3.77%
2024-2025
GDP per capita
$13,862
2025
$30,075
2025
GDP per capita rank
77/197
2025
45/197
2025
GDP per capita, PPP
$27,105
2024
$63,007
2024
GDP per capita PPP rank
77/197
2024
29/197
2024
Government debt
$19.3T
2025
$22.8B
2025
Debt-to-GDP ratio
99.2%
2025
55.3%
2025
Government debt per person
$13,756
2025
$16,632
2025
Government debt per person rank
47/185
2025
40/185
2025
Average annual personal income after taxes
$10,414
2026
$24,626
2026
Market capitalization of domestic companies
$15.5T
2025
$27.9B
2025
Number of millionaires
5,305,000
2026
24,000
2026
Number of billionaires
539
2026
10
2026
Income share by richest 10%
28.4%
2022
26.3%
2023
Income share by poorest 10%
3.1%
2022
3.6%
2023
Government expenditure, % of GDP
32.9%
2025
40.4%
2025
Consumer prices inflation
0%
2024-2025
0.13%
2024-2025
Central bank interest rate
3%
2025
n/a
Unemployment rate
4.57%
2022
4.4%
2025
Population
1403335670
1388591

Spending and national debt comparison by year

China
Spending

Debt
Cyprus
Spending

Debt
1x
Year % of GDP
China Cyprus
Government spending Government debt Government spending Government debt
2025 32.9% 99.2% 40.4% 55.3%
2024 32.9% 90.4% 38.3% 62.8%
2023 32.7% 84.1% 40.6% 71.1%
2022 32.6% 77.3% 37.7% 80.3%
2021 31.9% 72.1% 42.7% 96.5%
2020 34.8% 70.1% 45.9% 113.6%
2019 33.6% 59.8% 40.3% 92.3%
2018 32.6% 55.9% 44.3% 100.7%
2017 32% 53.9% 38.4% 96.4%
2016 31.7% 50% 39.6% 106.8%
2015 31% 40.8% 43% 111.6%
2014 28.4% 39.3% 52.1% 113%
2013 28.1% 36.4% 42.1% 102.7%
2012 27.7% 33.8% 41.9% 79.2%
2011 26.6% 33.2% 42.1% 64.8%
2010 24.7% 33.3% 41.7% 55.3%
2009 25.2% 34% 41.9% 52.8%
2008 22.2% 26.7% 38.2% 44.1%
2007 17.9% 28.7% 37.6% 53.1%
2006 18.1% 25.2% 39.1% 59%
2005 18% 25.9% 39.7% 64%
2004 17.6% 26% 38.6% 64.7%
2003 18% 26.4% 40.4% 63%
2002 18.2% 25.6% 37.4% 61%
2001 17.2% 24.3% 35.7% 57.5%
2000 16.1% 22.7% 35% 56%
1999 14.9% 21.6% 34.3% 55.7%
1998 12.6% 20.4% 34.4% 55%
1997 11.5% 20.4% 34.2% 53.5%
1996 11% 21.2% 32.4% 48.8%
1995 11.1% 21.4% 30.4% 46.7%
1994 12.4% - - -
1993 13.4% - - -
1992 14.6% - - -
1991 16.5% - - -
1990 18.2% - - -
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, China's government spending was $6.41T, accounting for 32.9% of its GDP, while Cyprus spent $16.7B, or 40.4% of GDP.

Debt-to-GDP ratio is 99.2% in China and 55.3% in Cyprus, ranking 26/185 and 89/185, respectively.

Government deficit by year

Deficit/surplus
China

Cyprus
1x
Year Deficit/surplus, % of GDP
China Cyprus
2025 -7.87% 2.99%
2024 -7.11% 4.14%
2023 -6.71% 1.71%
2022 -7.32% 2.69%
2021 -5.9% -1.59%
2020 -9.56% -5.57%
2019 -6% 1.03%
2018 -4.2% -3.36%
2017 -3.34% 2.13%
2016 -3.33% 0.45%
2015 -2.5% -0.77%
2014 -0.67% -8.8%
2013 -0.82% -5.16%
2012 -0.3% -5.55%
2011 -0.1% -5.65%
2010 -0.36% -4.68%
2009 -1.72% -5.43%
2008 -0.02% 0.87%
2007 0.06% 3.23%
2006 -1.13% -1.04%
2005 -1.38% -2.22%
2004 -1.49% -3.71%
2003 -2.36% -5.91%
2002 -2.84% -4.13%
2001 -2.56% -2.11%
2000 -2.81% -2.24%
1999 -2.3% -4.05%
1998 -1.08% -3.85%
1997 -0.73% -4.82%
1996 -0.73% -2.96%
1995 -0.94% -0.71%
1994 -1.68% -
1993 -0.89% -
1992 -1.22% -
1991 -1.04% -
1990 -0.72% -
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, China's government deficit, the difference between spending and revenue, was $1.53T, equivalent to 7.87% of GDP. This compares to Cyprus' surplus of $1.23B, or 2.99% of GDP.

Over the past 31 years, China recorded a fiscal deficit in 30 of those years, while Cyprus ran a deficit in 22 years. On average, China posted an annual deficit equal to 2.84% of GDP, compared to deficit of 2.1% of GDP for Cyprus.

Inflation comparison by year

Inflation
China

Cyprus
1x
Year Consumer prices inflation
China Cyprus
2025 0% 0.13%
2024 0.2% 1.8%
2023 0.2% 3.54%
2022 2% 8.4%
2021 0.9% 2.45%
2020 2.5% -0.64%
2019 2.9% 0.25%
2018 2.1% 1.44%
2017 1.6% 0.53%
2016 2% -1.43%
2015 1.4% -2.1%
2014 2% -1.35%
2013 2.6% -0.4%
2012 2.6% 2.39%
2011 5.4% 3.29%
2010 3.3% 2.43%
2009 -0.7% 0.33%
2008 5.8% 4.67%
2007 4.8% 2.37%
2006 1.5% 2.3%
2005 1.8% 2.56%
2004 3.9% 2.29%
2003 1.2% 4.14%
2002 -0.8% 2.8%
2001 0.7% 1.97%
2000 0.4% 4.14%
1999 -1.4% 1.63%
1998 -0.8% 2.23%
1997 2.8% 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/china/cyprus | CC BY

Over the past 29 years, China has recorded an average annual inflation rate of 1.76%, compared with 1.92% in Cyprus. In 2025, inflation was 0% in China and 0.13% in Cyprus.

Top exports between countries

China
Export category Export value
Machinery & equipment $607M
Chemicals & pharma $278M
Raw materials & minerals $196M
Textiles & consumer goods $124M
Metals $86.3M
Miscellaneous $74.3M
Wood & paper products $20M
Processed food, beverages & tobacco $16.4M
Animal & marine products $3.73M
Precious metals & jewellery $2.45M
Cyprus
Export category Export value
IT & IP services $39.2M
Business & finance services $27.2M
Transport & tourism services $26.4M
Machinery & equipment $19.4M
Metals $9.72M
Processed food, beverages & tobacco $6.62M
Chemicals & pharma $1.78M
Raw materials & minerals $1.01M
Manufacturing & construction services $828K
Textiles & consumer goods $151K

Balance of trade

China Cyprus
Current account balance
$735B
2025
-$2.59B
2025
Current account balance ranking
1/190
2025
149/190
2025
Current account balance, % of GDP
+3.77%
2025
-6.29%
2025
Goods imports
$2.69T
2025
$12.6B
2025
Goods exports
$3.75T
2025
$4.62B
2025
Service imports
$623B
2025
$25.3B
2025
Service exports
$385B
2025
$35.7B
2025
Imports of goods and services, % of GDP
16.9%
2025
91.9%
2025
Exports of goods and services, % of GDP
21.1%
2025
97.6%
2025

Economic freedom indices

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

China Cyprus
Economic freedom 48.3 74.1
Economic freedom ranking 170/197 21/197
Property rights 40.9 85.1
Government integrity 42.3 59.7
Judicial effectiveness 38.6 89.8
Tax burden 69.3 80.8
Government spending 67.8 52.1
Fiscal health 4.4 91.5
Business freedom 68.7 82.3
Labor freedom 57.9 60.3
Monetary freedom 76.1 78.7
Trade freedom 73.4 79.4
Investment freedom 20 70
Financial freedom 20 60

Economic freedom comparison by year

China
Cyprus
1x
Year Economic freedom index
China Cyprus
2026 48.3 74.1
2025 49 73.2
2024 48.5 72.2
2023 48.3 72.3
2022 48 72.9
2021 58.4 71.4
2020 59.5 70.1
2019 58.4 68.1
2018 57.8 67.8
2017 57.4 67.9
2016 52 68.7
2015 52.7 67.9
2014 52.5 67.6
2013 51.9 69
2012 51.2 71.8
2011 52 73.3
2010 51 70.9
2009 53.2 70.8
2008 53.1 71.3
2007 52 71.7
2006 53.6 71.8
2005 53.7 71.9
2004 52.5 74.1
2003 52.6 73.3
2002 52.8 73
2001 52.6 71
2000 56.4 67.2
1999 54.8 67.8
1998 53.1 68.2
1997 51.7 67.9
1996 51.3 67.7
1995 52 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for China is 48.3, ranking 170/197, 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

China Cyprus
Services, % of GDP
57.7%
2025
76.8%
2025
Industry, % of GDP
35.6%
2025
11.1%
2025
Agriculture, forestry, and fishing, % of GDP
6.66%
2025
1.12%
2025
GNI, Atlas method
$20T
2025
$35.6B
2025
GNI per capita, PPP
$29,160
2025
$57,390
2025
Total reserves including gold
$3.75T
2025
$2.95B
2025
Total reserves ranking
1/177
2025
121/177
2025
Net foreign direct investment
$77.2B
2025
-$9.59B
2025
Net inflows of foreign direct investment
$42.6B
2024
-$50.4B
2024
Net outflows of foreign direct investment
$192B
2024
-$55.9B
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
n/a
Poverty at national poverty lines
0%
2020
13.9%
2021
Gross capital formation, % of GDP
40.5%
2024
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/china/cyprus | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.

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.