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Economy of Cyprus vs Guyana compared: GDP & Debt

Updated on by Georank team

Cyprus has a GDP of $37.6B compared to $24.7B for Guyana, ranking 103/197 and 120/197 by economy size, respectively.

Cyprus has $24.5B in government debt (65.1% of GDP), compared to $5.99B (24.3% of GDP) in Guyana.

Cyprus vs Guyana GDP by year

Cyprus
Guyana
1x
Year GDP, current $
Cyprus Guyana
2024 $37,634,533,332 $24,662,709,832
2023 $35,075,423,857 $16,918,503,597
2022 $31,218,038,929 $14,718,388,489
2021 $30,372,642,502 $8,041,362,110
2020 $25,555,093,854 $5,471,256,595
2019 $26,196,667,100 $5,173,760,192
2018 $25,754,001,368 $4,787,636,998
2017 $22,946,570,629 $4,748,174,334
2016 $21,046,462,281 $4,482,697,337
2015 $19,909,278,417 $4,279,840,194
2014 $23,225,918,260 $4,127,660,152
2013 $23,959,712,861 $4,167,800,929
2012 $25,047,436,975 $4,063,088,536
2011 $27,641,549,302 $3,691,384,318
2010 $25,799,940,078 $3,432,912,517
2009 $26,048,179,949 $3,165,663,153
2008 $27,844,646,258 $3,025,187,433
2007 $23,968,727,074 $2,730,971,595
2006 $20,072,754,987 $2,379,817,991
2005 $18,433,412,511 $824,880,550
2004 $17,320,551,250 $787,814,379
2003 $14,547,329,558 $743,063,950
2002 $11,420,228,846 $726,131,435
2001 $10,397,898,907 $712,167,450
2000 $9,985,847,314 $712,667,897
1999 $10,497,907,228 $694,754,988
1998 $10,248,618,778 $717,530,683
1997 $9,547,816,420 $749,138,010
1996 $10,011,914,680 $705,406,001
1995 $9,933,137,128 $621,626,786
1994 $7,425,703,929 $540,874,934
1993 $6,590,291,048 $454,101,382
1992 $6,912,150,456 $373,573,141
1991 $5,770,197,348 $348,533,095
1990 $5,591,130,218 $396,582,263
1989 $4,563,482,604 $379,779,390
1988 $4,278,792,597 $413,799,990
1987 $3,704,813,886 $354,591,847
1986 $3,090,734,463 $504,651,140
1985 $2,430,411,900 $453,488,372
1984 $2,278,248,953 $437,631,605
1983 $2,160,364,071 $489,333,333
1982 $2,159,242,417 $482,000,000
1981 $2,087,496,374 $570,357,107
1980 $2,154,311,277 $603,200,000
1979 $1,288,699,776 $530,440,000
1978 $964,024,364 $507,080,000
1977 $734,876,021 $449,880,000
1976 $576,090,074 $454,440,000
1975 $489,912,574 $494,791,667
1974 - $433,954,545
1973 - $307,047,619
1972 - $285,380,952
1971 - $282,050,000
1970 - $267,800,000
1969 - $249,300,000
1968 - $229,750,000
1967 - $250,176,471
1966 - $228,705,882
1965 - $213,235,294
1964 - $194,774,513
1963 - $175,757,894
1962 - $194,949,513
1961 - $185,849,535
1960 - $170,216,241

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Cyprus vs Guyana by year

Cyprus
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $27,707 $63,007 $29,675 $80,155
2023 $26,079 $59,875 $20,474 $54,729
2022 $23,448 $55,876 $17,913 $39,711
2021 $23,057 $47,633 $9,861 $22,866
2020 $19,624 $42,569 $6,776 $16,819
2019 $20,360 $44,394 $6,406 $13,241
2018 $20,267 $40,262 $6,048 $12,443
2017 $18,295 $37,768 $6,179 $12,243
2016 $17,013 $35,247 $5,871 $11,516
2015 $16,326 $31,380 $5,640 $11,408
2014 $19,326 $29,893 $5,473 $11,145
2013 $20,238 $30,416 $5,557 $11,200
2012 $21,493 $31,924 $5,444 $10,627
2011 $24,110 $33,406 $4,947 $10,066
2010 $22,876 $33,502 $4,582 $9,337
2009 $23,480 $33,901 $4,209 $8,824
2008 $25,522 $34,830 $4,009 $8,437
2007 $22,344 $32,888 $3,608 $8,110
2006 $19,037 $30,009 $3,136 $7,346
2005 $17,790 $27,763 $1,084 $6,761
2004 $17,016 $25,942 $1,033 $6,673
2003 $14,553 $24,278 $974 $6,392
2002 $11,636 $23,556 $951 $6,304
2001 $10,785 $22,866 $932 $6,131
2000 $10,537 $21,296 $932 $5,860
1999 $11,273 $19,663 $909 $5,812
1998 $11,206 $18,760 $940 $5,573
1997 $10,637 $17,781 $983 $5,615
1996 $11,373 $17,320 $928 $5,210
1995 $11,514 $17,096 $820 $4,753
1994 $8,791 $15,735 $716 $4,447
1993 $7,978 $14,852 $603 $4,027
1992 $8,530 $14,759 $498 $3,651
1991 $7,222 $13,546 $466 $3,322
1990 $7,092 $13,348 $529 $3,022
1989 $5,870 - $503 -
1988 $5,584 - $545 -
1987 $4,908 - $464 -
1986 $4,159 - $657 -
1985 $3,324 - $588 -
1984 $3,167 - $565 -
1983 $3,055 - $631 -
1982 $3,100 - $621 -
1981 $3,030 - $735 -
1980 $3,154 - $779 -
1979 $1,902 - $689 -
1978 $1,434 - $663 -
1977 $1,102 - $593 -
1976 $870 - $604 -
1975 $743 - $664 -
1974 - - $588 -
1973 - - $421 -
1972 - - $395 -
1971 - - $396 -
1970 - - $381 -
1969 - - $361 -
1968 - - $340 -
1967 - - $378 -
1966 - - $353 -
1965 - - $336 -
1964 - - $313 -
1963 - - $288.8 -
1962 - - $327 -
1961 - - $319 -
1960 - - $299.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Cyprus' GDP per capita is $27,707, ranking 45/197, compared to $29,675 in Guyana, ranking 41/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Guyana ranks 15th at $80,155.

Economic indicators

Cyprus Guyana
Gross domestic product
$37.6B
2024
$24.7B
2024
GDP rank
103/197
2024
120/197
2024
GDP growth
3.94%
2023-2024
43.8%
2023-2024
GDP per capita
$27,707
2024
$29,675
2024
GDP per capita rank
45/197
2024
41/197
2024
GDP per capita, PPP
$63,007
2024
$80,155
2024
GDP per capita PPP rank
29/197
2024
15/197
2024
Government debt
$24.5B
2024
$5.99B
2024
Debt-to-GDP ratio
65.1%
2024
24.3%
2024
Government debt per person
$18,034
2024
$7,213
2024
Government debt per person rank
34/185
2024
66/185
2024
Average annual personal income after taxes
$25,384
2026
$13,212
2026
Market capitalization of domestic companies
$10.9B
2024
n/a
Number of billionaires
10
2025
n/a
Income share by richest 10%
26.3%
2023
34.4%
1998
Income share by poorest 10%
3.6%
2023
1.1%
1998
Government expenditure, % of GDP
40%
2024
23.2%
2024
Consumer prices inflation
1.8%
2023-2024
2.5%
2023-2024
Unemployment rate
4.87%
2024
13.2%
2019
Population
1386362
842249

Spending and national debt comparison by year

Cyprus
Spending

Debt
Guyana
Spending

Debt
1x
Year % of GDP
Cyprus Guyana
Government spending Government debt Government spending Government debt
2024 40% 65.1% 23.2% 24.3%
2023 42% 73.6% 23.7% 26.7%
2022 38% 81.1% 20.3% 24.8%
2021 42.6% 96.5% 24.8% 45.7%
2020 45.9% 113.6% 30.5% 59.5%
2019 40.3% 92.3% 28.1% 54%
2018 44.3% 100.7% 27.6% 47.9%
2017 38.4% 96.4% 26.3% 46.1%
2016 39.6% 106.8% 25.2% 44%
2015 43% 111.6% 21.7% 42.2%
2014 52.1% 113% 23.1% 38.7%
2013 42.1% 102.7% 21.4% 41.4%
2012 41.9% 79.2% 21.8% 44.7%
2011 42.1% 64.8% 23.5% 51.7%
2010 41.7% 55.3% 23.9% 53.1%
2009 41.9% 52.8% 25.4% 52.3%
2008 38.2% 44.1% 24.1% 48.2%
2007 37.6% 53.1% 25.5% 47.7%
2006 39.1% 59% 29% 74.5%
2005 39.7% 64% 28.4% 90.7%
2004 38.6% 64.7% 23.7% 91.8%
2003 40.4% 63% 23.5% 95.6%
2002 37.4% 61% 23.1% 105.1%
2001 35.7% 57.5% 24% 104.6%
2000 35% 56% 22.9% 97.2%
1999 34.3% 55.7% 17.6% 97.1%
1998 34.4% 55% 19.7% 108%
1997 34.2% 53.5% 20.9% 101.3%
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/cyprus/guyana | CC BY

In 2024, Cyprus' government spending was $15B, accounting for 40% of its GDP, while Guyana spent $5.72B, or 23.2% of GDP.

Debt-to-GDP ratio is 65.1% in Cyprus and 24.3% in Guyana, ranking 68/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Guyana
1x
Year Deficit/surplus, % of GDP
Cyprus Guyana
2024 4.28% -7.31%
2023 1.7% -5.78%
2022 2.65% -5.11%
2021 -1.64% -6.94%
2020 -5.57% -7.78%
2019 1.03% -2.52%
2018 -3.36% -2.52%
2017 2.13% -3.14%
2016 0.45% -3.21%
2015 -0.77% -0.75%
2014 -8.8% -3.88%
2013 -5.16% -2.16%
2012 -5.55% -3.11%
2011 -5.65% -2.13%
2010 -4.68% -1.88%
2009 -5.43% -2.5%
2008 0.87% -2.78%
2007 3.23% -3.35%
2006 -1.04% -6.16%
2005 -2.22% -6.54%
2004 -3.71% -2.88%
2003 -5.91% -4.81%
2002 -4.13% -2.42%
2001 -2.11% -3.71%
2000 -2.24% -2.27%
1999 -4.05% -0.47%
1998 -3.85% -2.67%
1997 -4.82% -1.7%
1996 -2.96% -
1995 -0.71% -

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

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

In 2024, Cyprus' government surplus, the difference between spending and revenue, was $1.61B, equivalent to 4.28% of GDP. This compares to Guyana's deficit of $1.8B, or 7.31% of GDP.

Over the past 28 years, Cyprus recorded a fiscal deficit in 20 of those years, while Guyana ran a deficit in 28 years. On average, Cyprus posted an annual deficit equal to 2.3% of GDP, compared to deficit of 3.59% of GDP for Guyana.

Inflation comparison by year

Inflation
Cyprus

Guyana
1x
Year Consumer prices inflation
Cyprus Guyana
2024 1.8% 2.5%
2023 3.54% 4.5%
2022 8.4% 6.5%
2021 2.45% 3.3%
2020 -0.64% 1.2%
2019 0.25% 2.1%
2018 1.44% 1.3%
2017 0.53% 1.9%
2016 -1.43% 0.8%
2015 -2.1% -0.9%
2014 -1.35% 0.7%
2013 -0.4% 1.9%
2012 2.39% 2.4%
2011 3.29% 4.4%
2010 2.43% 4.3%
2009 0.33% 3%
2008 4.67% 8.1%
2007 2.37% 12.2%
2006 2.3% 6.7%
2005 2.56% 6.9%
2004 2.29% 4.7%
2003 4.14% 6%
2002 2.8% 5.4%
2001 1.97% 2.6%
2000 4.14% 6.1%
1999 1.63% 7.5%
1998 2.23% 4.6%
1997 3.61% 3.6%

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

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

Over the past 28 years, Cyprus has recorded an average annual inflation rate of 1.99%, compared with 4.08% in Guyana. In 2024, inflation was 1.8% in Cyprus and 2.5% in Guyana.

Top exports between countries

Cyprus
Export category Export value
Machinery & equipment $514K
Chemicals & pharma $59K
Processed food, beverages & tobacco $56K
Metals $2K
Textiles & consumer goods $2K
Guyana
Export category Export value
Metals $5.39M
Machinery & equipment $1.12M
Animal & marine products $4K
Raw materials & minerals $3K
Textiles & consumer goods $1K

Balance of trade

Cyprus Guyana
Current account balance
-$3.07B
2024
$2.35B
2023
Current account balance ranking
157/190
2024
43/190
2023
Current account balance, % of GDP
-8.16%
2024
+13.9%
2023
Goods imports
$11.9B
2024
$6B
2023
Goods exports
$4.43B
2024
$13.2B
2023
Service imports
$23.2B
2024
$4.95B
2023
Service exports
$32.1B
2024
$529M
2023
Imports of goods and services, % of GDP
93.4%
2024
109.7%
2005
Exports of goods and services, % of GDP
97%
2024
84.6%
2005

Economic freedom indices

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

Cyprus Guyana
Economic freedom 74.1 58.7
Economic freedom ranking 21/197 109/197
Property rights 85.1 46.7
Government integrity 59.7 38.8
Judicial effectiveness 89.8 48.6
Tax burden 80.8 76.4
Government spending 52.1 85
Fiscal health 91.5 39.9
Business freedom 82.3 70.9
Labor freedom 60.3 76
Monetary freedom 78.7 78.5
Trade freedom 79.4 59.2
Investment freedom 70 55
Financial freedom 60 30

Economic freedom comparison by year

Cyprus
Guyana
1x
Year Economic freedom index
Cyprus Guyana
2026 74.1 58.7
2025 73.2 58.2
2024 72.2 57.3
2023 72.3 56.9
2022 72.9 59.5
2021 71.4 57.4
2020 70.1 56.2
2019 68.1 56.8
2018 67.8 58.7
2017 67.9 58.5
2016 68.7 55.4
2015 67.9 55.5
2014 67.6 55.7
2013 69 53.8
2012 71.8 51.3
2011 73.3 49.4
2010 70.9 48.4
2009 70.8 48.4
2008 71.3 48.8
2007 71.7 53.7
2006 71.8 56.6
2005 71.9 56.5
2004 74.1 53
2003 73.3 50.3
2002 73 54.3
2001 71 53.3
2000 67.2 52.4
1999 67.8 53.3
1998 68.2 52.7
1997 67.9 53.2
1996 67.7 50.1
1995 - 45.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 58.7 for Guyana, ranking 109/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus Guyana
Services, % of GDP
76.5%
2024
14.5%
2024
Industry, % of GDP
11.1%
2024
76%
2024
Agriculture, forestry, and fishing, % of GDP
1.16%
2024
7.62%
2024
GNI, Atlas method
$32B
2024
$16.7B
2024
GNI per capita, PPP
$56,200
2024
$52,290
2024
Total reserves including gold
$2.09B
2024
$1.01B
2024
Total reserves ranking
124/177
2024
141/177
2024
Net foreign direct investment
-$5.49B
2024
$1.14B
2023
Net inflows of foreign direct investment
-$50.4B
2024
$8.63B
2024
Net outflows of foreign direct investment
-$55.9B
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI n/a
3.73%
2024
Poverty at national poverty lines
13.9%
2021
35%
2020
Gross capital formation, % of GDP
20.7%
2024
32.3%
2005

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/cyprus/guyana | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.