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Economy of Cyprus vs Indonesia compared: GDP & Debt

Updated on by Georank

Cyprus has a GDP of $41.2B compared to $1.45T for Indonesia, ranking 103/197 and 17/197 by economy size, respectively.

Cyprus has $22.8B in government debt (55.3% of GDP), compared to $593B (41% of GDP) in Indonesia.

Cyprus vs Indonesia GDP by year

Cyprus
Indonesia
1x
Year GDP, current $
Cyprus Indonesia
2025 $41,225,787,247 $1,445,642,584,164
2024 $37,634,551,821 $1,396,301,788,462
2023 $35,075,440,603 $1,371,166,925,750
2022 $31,218,047,044 $1,319,101,183,380
2021 $30,372,637,513 $1,186,509,691,087
2020 $25,555,082,267 $1,059,054,842,698
2019 $26,196,660,680 $1,119,099,871,350
2018 $25,754,011,492 $1,042,271,532,989
2017 $22,946,583,376 $1,015,618,744,160
2016 $21,046,452,117 $931,877,364,038
2015 $19,909,269,065 $860,854,232,686
2014 $23,225,912,183 $890,814,755,534
2013 $23,959,708,956 $912,524,136,718
2012 $25,047,433,100 $917,869,913,333
2011 $27,641,553,201 $892,969,104,563
2010 $25,799,940,416 $755,094,157,622
2009 $26,048,190,775 $539,580,085,612
2008 $27,958,384,913 $510,228,634,992
2007 $23,968,727,074 $432,216,737,775
2006 $20,072,754,987 $364,570,515,618
2005 $18,433,412,511 $285,868,619,196
2004 $17,320,551,250 $256,836,875,295
2003 $14,547,329,558 $234,772,463,824
2002 $11,420,228,846 $195,660,611,165
2001 $10,397,898,907 $160,446,947,785
2000 $9,985,847,314 $165,021,012,078
1999 $10,497,907,228 $140,001,351,215
1998 $10,248,618,778 $95,445,547,873
1997 $9,547,816,420 $215,748,998,610
1996 $10,011,914,680 $227,369,679,375
1995 $9,933,137,128 $202,132,028,723
1994 $7,425,703,929 $176,892,143,932
1993 $6,590,291,048 $158,006,700,302
1992 $6,912,150,456 $128,026,966,580
1991 $5,770,197,348 $116,621,996,217
1990 $5,591,130,218 $106,140,727,334
1989 $4,563,482,604 $94,451,427,877
1988 $4,278,792,597 $84,300,174,486
1987 $3,704,813,886 $75,929,617,558
1986 $3,090,734,463 $79,954,072,545
1985 $2,430,411,900 $85,289,488,375
1984 $2,278,248,953 $84,853,700,028
1983 $2,160,364,071 $81,052,283,384
1982 $2,159,242,417 $90,158,449,295
1981 $2,087,496,374 $85,518,233,419
1980 $2,154,311,277 $72,482,337,397
1979 $1,288,699,776 $51,400,186,343
1978 $964,024,364 $51,455,719,076
1977 $734,876,021 $45,808,915,663
1976 $576,090,074 $37,269,156,627
1975 $489,912,574 $30,463,855,422
1974 - $25,802,409,639
1973 - $16,273,253,012
1972 - $10,997,590,361
1971 - $9,333,536,370
1970 - $9,150,684,932
1969 - $8,337,423,313
1968 - $7,076,465,300
1967 - $5,667,756,628

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

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

GDP per capita in Cyprus vs Indonesia by year

Cyprus
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,075 - $5,060 -
2024 $27,707 $63,007 $4,925 $16,448
2023 $26,079 $59,875 $4,876 $15,416
2022 $23,448 $55,876 $4,731 $14,285
2021 $23,057 $47,633 $4,287 $12,757
2020 $19,624 $42,569 $3,854 $11,729
2019 $20,360 $44,394 $4,107 $11,986
2018 $20,267 $40,262 $3,861 $11,372
2017 $18,295 $37,768 $3,799 $10,688
2016 $17,013 $35,247 $3,521 $10,263
2015 $16,326 $31,380 $3,288 $10,028
2014 $19,326 $29,893 $3,441 $10,065
2013 $20,238 $30,416 $3,567 $9,866
2012 $21,493 $31,924 $3,632 $9,530
2011 $24,110 $33,406 $3,579 $8,937
2010 $22,876 $33,502 $3,066 $8,353
2009 $23,480 $33,901 $2,218 $7,868
2008 $25,626 $34,830 $2,125 $7,569
2007 $22,344 $32,888 $1,823 $7,096
2006 $19,037 $30,009 $1,558 $6,583
2005 $17,790 $27,763 $1,238 $6,134
2004 $17,016 $25,942 $1,127 $5,700
2003 $14,553 $24,278 $1,043 $5,353
2002 $11,636 $23,556 $881 $5,076
2001 $10,785 $22,866 $732 $4,849
2000 $10,537 $21,296 $764 $4,639
1999 $11,273 $19,663 $657 $4,386
1998 $11,206 $18,760 $455 $4,356
1997 $10,637 $17,781 $1,045 $5,037
1996 $11,373 $17,320 $1,119 $4,807
1995 $11,514 $17,096 $1,011 $4,451
1994 $8,791 $15,735 $900 $4,096
1993 $7,978 $14,852 $817 $3,793
1992 $8,530 $14,759 $674 $3,538
1991 $7,222 $13,546 $624 $3,305
1990 $7,092 $13,348 $578 $3,044
1989 $5,870 - $524 -
1988 $5,584 - $477 -
1987 $4,908 - $438 -
1986 $4,159 - $470 -
1985 $3,324 - $511 -
1984 $3,167 - $520 -
1983 $3,055 - $508 -
1982 $3,100 - $578 -
1981 $3,030 - $561 -
1980 $3,154 - $487 -
1979 $1,902 - $353 -
1978 $1,434 - $362 -
1977 $1,102 - $331 -
1976 $870 - $275.7 -
1975 $743 - $231.1 -
1974 - - $200.7 -
1973 - - $129.9 -
1972 - - $90.1 -
1971 - - $78.5 -
1970 - - $79.1 -
1969 - - $74.1 -
1968 - - $64.7 -
1967 - - $53.2 -

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

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

Cyprus' GDP per capita is $30,075, ranking 45/197, compared to $5,060 in Indonesia, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Indonesia ranks 107th at $16,448.

Economic indicators

Cyprus Indonesia
Gross domestic product
$41.2B
2025
$1.45T
2025
GDP rank
103/197
2025
17/197
2025
GDP growth
3.77%
2024-2025
5.11%
2024-2025
GDP per capita
$30,075
2025
$5,060
2025
GDP per capita rank
45/197
2025
123/197
2025
GDP per capita, PPP
$63,007
2024
$16,448
2024
GDP per capita PPP rank
29/197
2024
107/197
2024
Government debt
$22.8B
2025
$593B
2025
Debt-to-GDP ratio
55.3%
2025
41%
2025
Government debt per person
$16,632
2025
$2,076
2025
Government debt per person rank
40/185
2025
119/185
2025
Average annual personal income after taxes
$24,626
2026
$3,470
2026
Market capitalization of domestic companies
$27.9B
2025
$950B
2025
Number of millionaires
24,000
2026
178,605
2024
Number of billionaires
10
2026
33
2026
Income share by richest 10%
26.3%
2023
28.7%
2025
Income share by poorest 10%
3.6%
2023
3.5%
2025
Government expenditure, % of GDP
40.4%
2025
16.2%
2025
Consumer prices inflation
0.13%
2024-2025
1.91%
2024-2025
Central bank interest rate n/a
5.5%
2026
Unemployment rate
4.4%
2025
3.31%
2023
Population
1388591
289027659

Spending and national debt comparison by year

Cyprus
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Cyprus Indonesia
Government spending Government debt Government spending Government debt
2025 40.4% 55.3% 16.2% 41%
2024 38.3% 62.8% 16.9% 40.2%
2023 40.6% 71.1% 16.6% 39.6%
2022 37.7% 80.3% 17.3% 40.1%
2021 42.7% 96.5% 18.1% 41.1%
2020 45.9% 113.6% 18.4% 39.7%
2019 40.3% 92.3% 16.4% 30.6%
2018 44.3% 100.7% 16.6% 30.4%
2017 38.4% 96.4% 16.4% 29.4%
2016 39.6% 106.8% 16.9% 28%
2015 43% 111.6% 17.6% 27%
2014 52.1% 113% 18.4% 24.6%
2013 42.1% 102.7% 18.8% 24.9%
2012 41.9% 79.2% 18.8% 23%
2011 42.1% 64.8% 17.7% 23.1%
2010 41.7% 55.3% 16.9% 26.4%
2009 41.9% 52.8% 17% 26.5%
2008 38.2% 44.1% 19.4% 30.3%
2007 37.6% 53.1% 18.7% 38.1%
2006 39.1% 59% 18.4% 35.8%
2005 39.7% 64% 17.4% 42.6%
2004 38.6% 64.7% 17.8% 51.3%
2003 40.4% 63% 18.2% 55.6%
2002 37.4% 61% 16.9% 62.3%
2001 35.7% 57.5% 19.5% 73.7%
2000 35% 56% 15.3% 87.4%
1999 34.3% 55.7% 15.1% 95.9%
1998 34.4% 55% 15.1% 72.5%
1997 34.2% 53.5% 15.2% 26.4%
1996 32.4% 48.8% 11.5% 27.5%
1995 30.4% 46.7% 11.9% 32%
1994 - - 13.5% 37%
1993 - - 14.1% 40.4%
1992 - - 16.8% 42.6%
1991 - - 15% 39.2%
1990 - - 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Cyprus' government spending was $16.7B, accounting for 40.4% of its GDP, while Indonesia spent $234B, or 16.2% of GDP.

Debt-to-GDP ratio is 55.3% in Cyprus and 41% in Indonesia, ranking 89/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Indonesia
1x
Year Deficit/surplus, % of GDP
Cyprus Indonesia
2025 2.99% -2.92%
2024 4.14% -2.28%
2023 1.71% -1.64%
2022 2.69% -2.31%
2021 -1.59% -4.4%
2020 -5.57% -6.07%
2019 1.03% -2.09%
2018 -3.36% -1.69%
2017 2.13% -2.26%
2016 0.45% -2.56%
2015 -0.77% -2.72%
2014 -8.8% -1.8%
2013 -5.16% -1.96%
2012 -5.55% -1.59%
2011 -5.65% -0.7%
2010 -4.68% -1.24%
2009 -5.43% -1.64%
2008 0.87% 0.05%
2007 3.23% -0.95%
2006 -1.04% 0.45%
2005 -2.22% 0.46%
2004 -3.71% -0.26%
2003 -5.91% -1.08%
2002 -4.13% -0.58%
2001 -2.11% -1.76%
2000 -2.24% -1.87%
1999 -4.05% -0.96%
1998 -3.85% -1.89%
1997 -4.82% -1.03%
1996 -2.96% 0.96%
1995 -0.71% 0.64%
1994 - 0.005%
1993 - -0.59%
1992 - -1.54%
1991 - 0.51%
1990 - 0.97%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-07-08).

GeoRank.org/economy/cyprus/indonesia | 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 Indonesia's deficit of $42.2B, or 2.92% of GDP.

Over the past 31 years, Cyprus recorded a fiscal deficit in 22 of those years, while Indonesia ran a deficit in 26 years. On average, Cyprus posted an annual deficit equal to 2.1% of GDP, compared to deficit of 1.54% of GDP for Indonesia.

Inflation comparison by year

Inflation
Cyprus

Indonesia
1x
Year Consumer prices inflation
Cyprus Indonesia
2025 0.13% 1.91%
2024 1.8% 2.18%
2023 3.54% 3.67%
2022 8.4% 4.21%
2021 2.45% 1.56%
2020 -0.64% 1.92%
2019 0.25% 3.03%
2018 1.44% 3.2%
2017 0.53% 3.81%
2016 -1.43% 3.53%
2015 -2.1% 6.36%
2014 -1.35% 6.39%
2013 -0.4% 6.41%
2012 2.39% 4.28%
2011 3.29% 5.36%
2010 2.43% 5.13%
2009 0.33% 4.39%
2008 4.67% 10.2%
2007 2.37% 6.41%
2006 2.3% 13.1%
2005 2.56% 10.5%
2004 2.29% 6.06%
2003 4.14% 6.76%
2002 2.8% 11.9%
2001 1.97% 11.5%
2000 4.14% 3.69%
1999 1.63% 20.5%
1998 2.23% 58.5%
1997 3.61% 6.23%

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

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

Over the past 29 years, Cyprus has recorded an average annual inflation rate of 1.92%, compared with 8.02% in Indonesia. In 2025, inflation was 0.13% in Cyprus and 1.91% in Indonesia.

Top exports between countries

Cyprus
Export category Export value
Machinery & equipment $19.5M
Processed food, beverages & tobacco $1.09M
Transport & tourism services $581K
Business & finance services $226K
Chemicals & pharma $202K
Wood & paper products $82K
Metals $32K
Weapons & explosives $19K
Raw materials & minerals $6K
Miscellaneous $4K
Indonesia
Export category Export value
Wood & paper products $9.28M
Animal & marine products $1.8M
Raw materials & minerals $1.34M
Textiles & consumer goods $1.27M
Processed food, beverages & tobacco $1.03M
Machinery & equipment $775K
Precious metals & jewellery $553K
Chemicals & pharma $231K
Raw agricultural goods $225K
Miscellaneous $30K

Balance of trade

Cyprus Indonesia
Current account balance
-$2.59B
2025
-$1.52B
2025
Current account balance ranking
149/190
2025
129/190
2025
Current account balance, % of GDP
-6.29%
2025
-0.11%
2025
Goods imports
$12.6B
2025
$231B
2025
Goods exports
$4.62B
2025
$280B
2025
Service imports
$25.3B
2025
$63B
2025
Service exports
$35.7B
2025
$42.5B
2025
Imports of goods and services, % of GDP
91.9%
2025
20.5%
2025
Exports of goods and services, % of GDP
97.6%
2025
22.8%
2025

Economic freedom indices

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

Cyprus Indonesia
Economic freedom 74.1 65.1
Economic freedom ranking 21/197 67/197
Property rights 85.1 39.7
Government integrity 59.7 42
Judicial effectiveness 89.8 43.1
Tax burden 80.8 81.5
Government spending 52.1 91.4
Fiscal health 91.5 89.8
Business freedom 82.3 69.2
Labor freedom 60.3 56.8
Monetary freedom 78.7 79.4
Trade freedom 79.4 78.6
Investment freedom 70 50
Financial freedom 60 60

Economic freedom comparison by year

Cyprus
Indonesia
1x
Year Economic freedom index
Cyprus Indonesia
2026 74.1 65.1
2025 73.2 65.2
2024 72.2 63.5
2023 72.3 63.5
2022 72.9 64.4
2021 71.4 66.9
2020 70.1 67.2
2019 68.1 65.8
2018 67.8 64.2
2017 67.9 61.9
2016 68.7 59.4
2015 67.9 58.1
2014 67.6 58.5
2013 69 56.9
2012 71.8 56.4
2011 73.3 56
2010 70.9 55.5
2009 70.8 53.4
2008 71.3 53.2
2007 71.7 53.2
2006 71.8 51.9
2005 71.9 52.9
2004 74.1 52.1
2003 73.3 55.8
2002 73 54.8
2001 71 52.5
2000 67.2 55.2
1999 67.8 61.5
1998 68.2 63.4
1997 67.9 62
1996 67.7 61
1995 - 54.9

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

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus Indonesia
Services, % of GDP
76.8%
2025
43.9%
2025
Industry, % of GDP
11.1%
2025
38.7%
2025
Agriculture, forestry, and fishing, % of GDP
1.12%
2025
13.1%
2025
GNI, Atlas method
$35.6B
2025
$1.46T
2025
GNI per capita, PPP
$57,390
2025
$17,190
2025
Total reserves including gold
$2.95B
2025
$157B
2025
Total reserves ranking
121/177
2025
22/177
2025
Net foreign direct investment
-$9.59B
2025
-$14.4B
2025
Net inflows of foreign direct investment
-$50.4B
2024
$24.3B
2024
Net outflows of foreign direct investment
-$55.9B
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI n/a
5.64%
2024
Poverty at national poverty lines
13.9%
2021
9%
2024
Gross capital formation, % of GDP
19.3%
2025
30.6%
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/indonesia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, 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 (1951–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2017–2025, 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.