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Economy of Cyprus vs France compared: GDP & Debt

Updated on by Georank

Cyprus has a GDP of $41.2B compared to $3.37T for France, ranking 103/197 and 7/197 by economy size, respectively.

Cyprus has $22.8B in government debt (55.3% of GDP), compared to $3.9T (116% of GDP) in France.

Cyprus vs France GDP by year

Cyprus
France
1x
Year GDP, current $
Cyprus France
2025 $41,225,787,247 $3,366,315,927,447
2024 $37,634,551,821 $3,160,442,622,465
2023 $35,075,440,603 $3,056,250,648,138
2022 $31,218,047,044 $2,794,788,137,067
2021 $30,372,637,513 $2,966,433,692,008
2020 $25,555,082,267 $2,647,926,055,110
2019 $26,196,660,680 $2,722,793,515,172
2018 $25,754,011,492 $2,781,576,320,884
2017 $22,946,583,376 $2,588,868,323,335
2016 $21,046,452,117 $2,470,407,619,777
2015 $19,909,269,065 $2,442,483,452,643
2014 $23,225,912,183 $2,861,236,112,552
2013 $23,959,708,956 $2,816,077,607,875
2012 $25,047,433,100 $2,683,007,095,787
2011 $27,641,553,201 $2,870,408,553,990
2010 $25,799,940,416 $2,646,230,027,988
2009 $26,048,190,775 $2,700,075,882,519
2008 $27,958,384,913 $2,926,802,941,586
2007 $23,968,727,074 $2,655,816,911,867
2006 $20,072,754,987 $2,317,861,544,691
2005 $18,433,412,511 $2,192,146,403,028
2004 $17,320,551,250 $2,109,792,297,237
2003 $14,547,329,558 $1,835,095,983,049
2002 $11,420,228,846 $1,492,427,756,382
2001 $10,397,898,907 $1,370,376,677,299
2000 $9,985,847,314 $1,360,959,069,477
1999 $10,497,907,228 $1,486,915,879,702
1998 $10,248,618,778 $1,496,906,382,032
1997 $9,547,816,420 $1,449,392,222,971
1996 $10,011,914,680 $1,598,889,216,566
1995 $9,933,137,128 $1,595,219,345,512
1994 $7,425,703,929 $1,385,822,778,828
1993 $6,590,291,048 $1,314,383,368,080
1992 $6,912,150,456 $1,389,663,073,110
1991 $5,770,197,348 $1,258,961,748,634
1990 $5,591,130,218 $1,257,649,439,827
1989 $4,563,482,604 $1,016,742,237,302
1988 $4,278,792,597 $1,010,827,662,152
1987 $3,704,813,886 $926,320,855,615
1986 $3,090,734,463 $764,946,585,851
1985 $2,430,411,900 $547,220,981,165
1984 $2,278,248,953 $525,033,325,828
1983 $2,160,364,071 $553,356,312,936
1982 $2,159,242,417 $578,152,310,610
1981 $2,087,496,374 $609,184,791,792
1980 $2,154,311,277 $694,529,183,483
1979 $1,288,699,776 $608,218,624,730
1978 $964,024,364 $501,724,418,605
1977 $734,876,021 $406,401,711,688
1976 $576,090,074 $368,363,152,144
1975 $489,912,574 $357,324,307,786
1974 - $282,739,225,314
1973 - $261,970,536,240
1972 - $201,738,881,664
1971 - $164,694,210,962
1970 - $147,312,861,698
1969 - $140,660,914,841
1968 - $128,710,572,572
1967 - $118,088,635,381
1966 - $109,306,730,313
1965 - $100,927,668,584
1964 - $93,424,179,943
1963 - $84,227,606,650
1962 - $75,196,980,365
1961 - $67,158,050,215
1960 - $61,959,085,885

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

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

GDP per capita in Cyprus vs France by year

Cyprus
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,075 - $48,986 -
2024 $27,707 $63,007 $46,103 $62,557
2023 $26,079 $59,875 $44,700 $60,839
2022 $23,448 $55,876 $40,989 $57,043
2021 $23,057 $47,633 $43,725 $52,517
2020 $19,624 $42,569 $39,170 $49,482
2019 $20,360 $44,394 $40,408 $51,130
2018 $20,267 $40,262 $41,418 $46,381
2017 $18,295 $37,768 $38,687 $44,469
2016 $17,013 $35,247 $37,024 $42,880
2015 $16,326 $31,380 $36,702 $40,905
2014 $19,326 $29,893 $43,148 $40,218
2013 $20,238 $30,416 $42,669 $39,583
2012 $21,493 $31,924 $40,864 $37,671
2011 $24,110 $33,406 $43,930 $37,510
2010 $22,876 $33,502 $40,695 $35,908
2009 $23,480 $33,901 $41,728 $34,685
2008 $25,626 $34,830 $45,465 $35,053
2007 $22,344 $32,888 $41,486 $34,066
2006 $19,037 $30,009 $36,432 $32,424
2005 $17,790 $27,763 $34,696 $30,431
2004 $17,016 $25,942 $33,645 $28,921
2003 $14,553 $24,278 $29,480 $28,024
2002 $11,636 $23,556 $24,145 $28,350
2001 $10,785 $22,866 $22,332 $27,347
2000 $10,537 $21,296 $22,341 $26,007
1999 $11,273 $19,663 $24,576 $24,204
1998 $11,206 $18,760 $24,869 $23,263
1997 $10,637 $17,781 $24,169 $22,190
1996 $11,373 $17,320 $26,758 $21,268
1995 $11,514 $17,096 $26,792 $20,701
1994 $8,791 $15,735 $23,360 $19,892
1993 $7,978 $14,852 $22,239 $19,094
1992 $8,530 $14,759 $23,615 $18,801
1991 $7,222 $13,546 $21,501 $18,198
1990 $7,092 $13,348 $21,586 $17,475
1989 $5,870 - $17,547 -
1988 $5,584 - $17,550 -
1987 $4,908 - $16,176 -
1986 $4,159 - $13,430 -
1985 $3,324 - $9,657 -
1984 $3,167 - $9,312 -
1983 $3,055 - $9,862 -
1982 $3,100 - $10,360 -
1981 $3,030 - $10,956 -
1980 $3,154 - $12,565 -
1979 $1,902 - $11,063 -
1978 $1,434 - $9,167 -
1977 $1,102 - $7,459 -
1976 $870 - $6,792 -
1975 $743 - $6,617 -
1974 - - $5,261 -
1973 - - $4,907 -
1972 - - $3,809 -
1971 - - $3,137 -
1970 - - $2,833 -
1969 - - $2,729 -
1968 - - $2,518 -
1967 - - $2,328 -
1966 - - $2,173 -
1965 - - $2,024 -
1964 - - $1,891 -
1963 - - $1,723 -
1962 - - $1,554 -
1961 - - $1,402 -
1960 - - $1,307 -

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

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

Cyprus' GDP per capita is $30,075, ranking 45/197, compared to $48,986 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while France ranks 30th at $62,557.

Economic indicators

Cyprus France
Gross domestic product
$41.2B
2025
$3.37T
2025
GDP rank
103/197
2025
7/197
2025
GDP growth
3.77%
2024-2025
0.84%
2024-2025
GDP per capita
$30,075
2025
$48,986
2025
GDP per capita rank
45/197
2025
27/197
2025
GDP per capita, PPP
$63,007
2024
$62,557
2024
GDP per capita PPP rank
29/197
2024
30/197
2024
Government debt
$22.8B
2025
$3.9T
2025
Debt-to-GDP ratio
55.3%
2025
116%
2025
Government debt per person
$16,632
2025
$56,819
2025
Government debt per person rank
40/185
2025
8/185
2025
Average annual personal income after taxes
$24,626
2026
$35,062
2026
Market capitalization of domestic companies
$27.9B
2025
$2.37T
2018
Number of millionaires
24,000
2026
2,388,000
2026
Number of billionaires
10
2026
51
2026
Income share by richest 10%
26.3%
2023
25%
2023
Income share by poorest 10%
3.6%
2023
3%
2023
Government expenditure, % of GDP
40.4%
2025
57.5%
2025
Consumer prices inflation
0.13%
2024-2025
0.94%
2024-2025
Unemployment rate
4.4%
2025
7.7%
2025
Population
1388591
68871753

Spending and national debt comparison by year

Cyprus
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Cyprus France
Government spending Government debt Government spending Government debt
2025 40.4% 55.3% 57.5% 116%
2024 38.3% 62.8% 57.3% 113.2%
2023 40.6% 71.1% 56.8% 109.6%
2022 37.7% 80.3% 58.4% 111.4%
2021 42.7% 96.5% 59.5% 112.8%
2020 45.9% 113.6% 61.7% 114.9%
2019 40.3% 92.3% 55.3% 98.2%
2018 44.3% 100.7% 56.4% 98.5%
2017 38.4% 96.4% 57.7% 98.8%
2016 39.6% 106.8% 57.4% 98.1%
2015 43% 111.6% 57.6% 97%
2014 52.1% 113% 58.4% 96.2%
2013 42.1% 102.7% 58.6% 94.6%
2012 41.9% 79.2% 57.9% 91.7%
2011 42.1% 64.8% 57% 88.7%
2010 41.7% 55.3% 57.7% 86.3%
2009 41.9% 52.8% 58% 84.1%
2008 38.2% 44.1% 54.3% 69.8%
2007 37.6% 53.1% 53.6% 65.5%
2006 39.1% 59% 53.7% 65.4%
2005 39.7% 64% 54.3% 68.2%
2004 38.6% 64.7% 54% 66.9%
2003 40.4% 63% 54.4% 65.4%
2002 37.4% 61% 53.9% 61.3%
2001 35.7% 57.5% 52.8% 59.3%
2000 35% 56% 52.6% 59.7%
1999 34.3% 55.7% 53.7% 61.4%
1998 34.4% 55% 54% 62.1%
1997 34.2% 53.5% 55.6% 62%
1996 32.4% 48.8% 56% 60.6%
1995 30.4% 46.7% 56% 57.8%
1994 - - 55.9% 51.6%
1993 - - 56.5% 48.2%
1992 - - 54% 41.7%
1991 - - 52.7% 37.8%
1990 - - 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Cyprus' government spending was $16.7B, accounting for 40.4% of its GDP, while France spent $1.93T, or 57.5% of GDP.

Debt-to-GDP ratio is 55.3% in Cyprus and 116% in France, ranking 89/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

France
1x
Year Deficit/surplus, % of GDP
Cyprus France
2025 2.99% -5.11%
2024 4.14% -5.79%
2023 1.71% -5.44%
2022 2.69% -4.74%
2021 -1.59% -6.58%
2020 -5.57% -8.93%
2019 1.03% -2.39%
2018 -3.36% -2.32%
2017 2.13% -3.36%
2016 0.45% -3.76%
2015 -0.77% -3.89%
2014 -8.8% -4.57%
2013 -5.16% -4.94%
2012 -5.55% -5.17%
2011 -5.65% -5.3%
2010 -4.68% -7.16%
2009 -5.43% -7.38%
2008 0.87% -3.5%
2007 3.23% -2.99%
2006 -1.04% -2.66%
2005 -2.22% -3.5%
2004 -3.71% -3.55%
2003 -5.91% -4.09%
2002 -4.13% -3.18%
2001 -2.11% -1.42%
2000 -2.24% -1.32%
1999 -4.05% -1.55%
1998 -3.85% -2.39%
1997 -4.82% -3.71%
1996 -2.96% -3.89%
1995 -0.71% -5.11%
1994 - -5.46%
1993 - -6.4%
1992 - -4.64%
1991 - -2.89%
1990 - -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -6.89%
1936 - -4.76%
1935 - -4.22%
1934 - -4.31%
1933 - -4.96%
1932 - -1.86%
1931 - -2.06%
1930 - -1.65%
1929 - 1.48%
1928 - 1.13%
1927 - -0.04%
1926 - -0.02%
1925 - -0.87%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Cyprus' government surplus, the difference between spending and revenue, was $1.23B, equivalent to 2.99% of GDP. This compares to France's deficit of $172B, or 5.11% of GDP.

Over the past 31 years, Cyprus recorded a fiscal deficit in 22 of those years, while France ran a deficit in 31 years. On average, Cyprus posted an annual deficit equal to 2.1% of GDP, compared to deficit of 4.18% of GDP for France.

Inflation comparison by year

Inflation
Cyprus

France
1x
Year Consumer prices inflation
Cyprus France
2025 0.13% 0.94%
2024 1.8% 2%
2023 3.54% 4.88%
2022 8.4% 5.22%
2021 2.45% 1.64%
2020 -0.64% 0.48%
2019 0.25% 1.11%
2018 1.44% 1.85%
2017 0.53% 1.03%
2016 -1.43% 0.18%
2015 -2.1% 0.04%
2014 -1.35% 0.51%
2013 -0.4% 0.86%
2012 2.39% 1.95%
2011 3.29% 2.11%
2010 2.43% 1.53%
2009 0.33% 0.09%
2008 4.67% 2.81%
2007 2.37% 1.49%
2006 2.3% 1.68%
2005 2.56% 1.75%
2004 2.29% 2.14%
2003 4.14% 2.1%
2002 2.8% 1.92%
2001 1.97% 1.63%
2000 4.14% 1.68%
1999 1.63% 0.54%
1998 2.23% 0.65%
1997 3.61% 1.2%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Cyprus has recorded an average annual inflation rate of 1.92%, compared with 1.59% in France. In 2025, inflation was 0.13% in Cyprus and 0.94% in France.

Top exports between countries

Cyprus
Export category Export value
IT & IP services $169M
Machinery & equipment $141M
Business & finance services $111M
Transport & tourism services $86M
Chemicals & pharma $52.9M
Animal & marine products $8.2M
Processed food, beverages & tobacco $5.18M
Textiles & consumer goods $3.43M
Government & miscellaneous services $3.21M
Precious metals & jewellery $1.42M
France
Export category Export value
Business & finance services $134M
Machinery & equipment $108M
Chemicals & pharma $68.7M
Transport & tourism services $64.9M
Processed food, beverages & tobacco $62.8M
IT & IP services $62.8M
Textiles & consumer goods $62.1M
Precious metals & jewellery $28.2M
Raw materials & minerals $21.7M
Manufacturing & construction services $21.3M

Balance of trade

Cyprus France
Current account balance
-$2.59B
2025
-$9.24B
2025
Current account balance ranking
149/190
2025
173/190
2025
Current account balance, % of GDP
-6.29%
2025
-0.27%
2025
Goods imports
$12.6B
2025
$770B
2025
Goods exports
$4.62B
2025
$704B
2025
Service imports
$25.3B
2025
$370B
2025
Service exports
$35.7B
2025
$429B
2025
Imports of goods and services, % of GDP
91.9%
2025
33.8%
2025
Exports of goods and services, % of GDP
97.6%
2025
33.4%
2025

Economic freedom indices

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

Cyprus France
Economic freedom 74.1 64.6
Economic freedom ranking 21/197 72/197
Property rights 85.1 91.2
Government integrity 59.7 73.4
Judicial effectiveness 89.8 84.7
Tax burden 80.8 54.6
Government spending 52.1 0.9
Fiscal health 91.5 34.8
Business freedom 82.3 78.4
Labor freedom 60.3 59.1
Monetary freedom 78.7 73.2
Trade freedom 79.4 79.4
Investment freedom 70 75
Financial freedom 60 70

Economic freedom comparison by year

Cyprus
France
1x
Year Economic freedom index
Cyprus France
2026 74.1 64.6
2025 73.2 64.4
2024 72.2 62.5
2023 72.3 63.6
2022 72.9 65.9
2021 71.4 65.7
2020 70.1 66
2019 68.1 63.8
2018 67.8 63.9
2017 67.9 63.3
2016 68.7 62.3
2015 67.9 62.5
2014 67.6 63.5
2013 69 64.1
2012 71.8 63.2
2011 73.3 64.6
2010 70.9 64.2
2009 70.8 63.3
2008 71.3 64.7
2007 71.7 62.1
2006 71.8 61.1
2005 71.9 60.5
2004 74.1 60.9
2003 73.3 59.2
2002 73 58
2001 71 58
2000 67.2 57.4
1999 67.8 59.1
1998 68.2 58.9
1997 67.9 59.1
1996 67.7 63.7
1995 - 64.4

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

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus France
Services, % of GDP
76.8%
2025
70.9%
2025
Industry, % of GDP
11.1%
2025
16.8%
2025
Agriculture, forestry, and fishing, % of GDP
1.12%
2025
1.4%
2025
GNI, Atlas method
$35.6B
2025
$3.34T
2025
GNI per capita, PPP
$57,390
2025
$65,110
2025
Total reserves including gold
$2.95B
2025
$428B
2025
Total reserves ranking
121/177
2025
12/177
2025
Net foreign direct investment
-$9.59B
2025
$7.24B
2025
Net inflows of foreign direct investment
-$50.4B
2024
$52.1B
2024
Net outflows of foreign direct investment
-$55.9B
2024
$41.7B
2024
Poverty at national poverty lines
13.9%
2021
15.6%
2021
Gross capital formation, % of GDP
19.3%
2025
21.9%
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/cyprus/france | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08)
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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.