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Economy of Cyprus vs Jordan compared: GDP & Debt

Updated on by Georank team

Cyprus has a GDP of $37.6B compared to $53.4B for Jordan, ranking 103/197 and 90/197 by economy size, respectively.

Cyprus has $24.5B in government debt (65.1% of GDP), compared to $48.1B (90.2% of GDP) in Jordan.

Cyprus vs Jordan GDP by year

Cyprus
Jordan
1x
Year GDP, current $
Cyprus Jordan
2024 $37,634,533,332 $53,352,289,577
2023 $35,075,423,857 $51,088,476,338
2022 $31,218,038,929 $48,764,963,380
2021 $30,372,642,502 $46,296,100,141
2020 $25,555,093,854 $43,700,383,099
2019 $26,196,667,100 $44,503,006,338
2018 $25,754,001,368 $43,370,860,704
2017 $22,946,570,629 $41,608,435,915
2016 $21,046,462,281 $39,892,551,127
2015 $19,909,278,417 $38,587,017,887
2014 $23,225,918,260 $36,847,643,521
2013 $23,959,712,861 $34,454,440,141
2012 $25,047,436,975 $31,634,561,690
2011 $27,641,549,302 $29,524,149,155
2010 $25,799,940,078 $27,133,804,225
2009 $26,048,179,949 $24,537,876,056
2008 $27,844,646,258 $22,658,715,989
2007 $23,968,727,074 $17,110,437,236
2006 $20,072,754,987 $15,056,981,664
2005 $18,433,412,511 $12,588,998,590
2004 $17,320,551,250 $11,411,706,629
2003 $14,547,329,558 $10,195,627,645
2002 $11,420,228,846 $9,582,510,578
2001 $10,397,898,907 $8,975,814,653
2000 $9,985,847,314 $8,460,789,845
1999 $10,497,907,228 $8,149,929,478
1998 $10,248,618,778 $7,912,270,804
1997 $9,547,816,420 $7,245,839,210
1996 $10,011,914,680 $6,927,503,526
1995 $9,933,137,128 $6,727,597,032
1994 $7,425,703,929 $6,236,295,978
1993 $6,590,291,048 $5,606,400,222
1992 $6,912,150,456 $5,310,833,194
1991 $5,770,197,348 $4,344,467,193
1990 $5,591,130,218 $4,160,087,508
1989 $4,563,482,604 $4,221,373,674
1988 $4,278,792,597 $6,277,451,829
1987 $3,704,813,886 $6,756,209,762
1986 $3,090,734,463 $6,402,050,485
1985 $2,430,411,900 $4,993,601,520
1984 $2,278,248,953 $4,967,162,160
1983 $2,160,364,071 $4,920,692,191
1982 $2,159,242,417 $4,681,240,993
1981 $2,087,496,374 $4,383,944,703
1980 $2,154,311,277 $3,910,044,474
1979 $1,288,699,776 $3,271,368,781
1978 $964,024,364 $2,602,208,589
1977 $734,876,021 $2,096,778,602
1976 $576,090,074 $1,708,521,219
1975 $489,912,574 $1,363,073,498
1974 - $1,197,483,949
1973 - $943,783,840
1972 - $788,479,685
1971 - $678,159,729
1970 - $639,519,744
1969 - $698,879,720
1968 - $561,119,776
1967 - $631,679,747
1966 - $657,999,737
1965 - $599,759,760

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

GDP per capita in Cyprus vs Jordan by year

Cyprus
GDP per capita

GDP per capita, PPP
Jordan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Jordan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $27,707 $63,007 $4,618 $10,821
2023 $26,079 $59,875 $4,466 $10,412
2022 $23,448 $55,876 $4,332 $9,927
2021 $23,057 $47,633 $4,183 $9,182
2020 $19,624 $42,569 $4,022 $9,579
2019 $20,360 $44,394 $4,170 $9,429
2018 $20,267 $40,262 $4,145 $9,042
2017 $18,295 $37,768 $4,066 $9,266
2016 $17,013 $35,247 $3,987 $8,748
2015 $16,326 $31,380 $4,043 $8,967
2014 $19,326 $29,893 $4,191 $9,145
2013 $20,238 $30,416 $4,311 $9,817
2012 $21,493 $31,924 $4,170 $9,739
2011 $24,110 $33,406 $3,947 $9,632
2010 $22,876 $33,502 $3,718 $9,417
2009 $23,480 $33,901 $3,436 $9,291
2008 $25,522 $34,830 $3,242 $8,983
2007 $22,344 $32,888 $2,506 $8,416
2006 $19,037 $30,009 $2,343 $8,046
2005 $17,790 $27,763 $2,088 $7,697
2004 $17,016 $25,942 $1,940 $7,074
2003 $14,553 $24,278 $1,776 $6,500
2002 $11,636 $23,556 $1,706 $6,256
2001 $10,785 $22,866 $1,632 $5,948
2000 $10,537 $21,296 $1,571 $5,641
1999 $11,273 $19,663 $1,545 $5,402
1998 $11,206 $18,760 $1,532 $5,264
1997 $10,637 $17,781 $1,436 $5,171
1996 $11,373 $17,320 $1,410 $5,055
1995 $11,514 $17,096 $1,416 $5,027
1994 $8,791 $15,735 $1,367 $4,830
1993 $7,978 $14,852 $1,289 $4,726
1992 $8,530 $14,759 $1,287 $4,654
1991 $7,222 $13,546 $1,110 $4,195
1990 $7,092 $13,348 $1,149 $4,317
1989 $5,870 - $1,260 -
1988 $5,584 - $1,966 -
1987 $4,908 - $2,217 -
1986 $4,159 - $2,200 -
1985 $3,324 - $1,797 -
1984 $3,167 - $1,871 -
1983 $3,055 - $1,939 -
1982 $3,100 - $1,929 -
1981 $3,030 - $1,885 -
1980 $3,154 - $1,750 -
1979 $1,902 - $1,519 -
1978 $1,434 - $1,249 -
1977 $1,102 - $1,039 -
1976 $870 - $873 -
1975 $743 - $718 -
1974 - - $651 -
1973 - - $531 -
1972 - - $460 -
1971 - - $412 -
1970 - - $409 -
1969 - - $474 -
1968 - - $409 -
1967 - - $497 -
1966 - - $558 -
1965 - - $546 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

Cyprus' GDP per capita is $27,707, ranking 45/197, compared to $4,618 in Jordan, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Jordan ranks 131st at $10,821.

Economic indicators

Cyprus Jordan
Gross domestic product
$37.6B
2024
$53.4B
2024
GDP rank
103/197
2024
90/197
2024
GDP growth
3.94%
2023-2024
2.49%
2023-2024
GDP per capita
$27,707
2024
$4,618
2024
GDP per capita rank
45/197
2024
123/197
2024
GDP per capita, PPP
$63,007
2024
$10,821
2024
GDP per capita PPP rank
29/197
2024
131/197
2024
Government debt
$24.5B
2024
$48.1B
2024
Debt-to-GDP ratio
65.1%
2024
90.2%
2024
Government debt per person
$18,034
2024
$4,167
2024
Government debt per person rank
34/185
2024
91/185
2024
Average annual personal income after taxes
$25,384
2026
$4,787
2026
Market capitalization of domestic companies
$10.9B
2024
$24.9B
2024
Number of billionaires
10
2025
n/a
Income share by richest 10%
26.3%
2023
27.4%
2010
Income share by poorest 10%
3.6%
2023
3.5%
2010
Government expenditure, % of GDP
40%
2024
33%
2024
Consumer prices inflation
1.8%
2023-2024
1.56%
2023-2024
Central bank interest rate n/a
5.75%
2025
Unemployment rate
4.87%
2024
16.6%
2023
Population
1386362
11555022

Spending and national debt comparison by year

Cyprus
Spending

Debt
Jordan
Spending

Debt
1x
Year % of GDP
Cyprus Jordan
Government spending Government debt Government spending Government debt
2024 40% 65.1% 33% 90.2%
2023 42% 73.6% 32.9% 89%
2022 38% 81.1% 33.3% 88.6%
2021 42.6% 96.5% 34.1% 87.6%
2020 45.9% 113.6% 33.7% 104.5%
2019 40.3% 92.3% 32.4% 92.9%
2018 44.3% 100.7% 32% 87.4%
2017 38.4% 96.4% 29.6% 86.1%
2016 39.6% 106.8% 29.8% 85%
2015 43% 111.6% 31.7% 83.4%
2014 52.1% 113% 39.2% 78.6%
2013 42.1% 102.7% 36.4% 78.1%
2012 41.9% 79.2% 32.2% 73.8%
2011 42.1% 64.8% 27.4% 63.9%
2010 41.7% 55.3% 29.8% 59.5%
2009 41.9% 52.8% 35.9% 55.5%
2008 38.2% 44.1% 35.8% 53.2%
2007 37.6% 53.1% 37.7% 64.4%
2006 39.1% 59% 34.7% 65.6%
2005 39.7% 64% 37.3% 80.5%
2004 38.6% 64.7% 36.6% 86%
2003 40.4% 63% 36% 94.6%
2002 37.4% 61% 32.9% 91.3%
2001 35.7% 57.5% 32.1% 89.7%
2000 35% 56% 33.1% 85.6%
1999 34.3% 55.7% 32.7% 98.1%
1998 34.4% 55% 34.9% 99.8%
1997 34.2% 53.5% 33.9% 98.1%
1996 32.4% 48.8% 36.2% 104.9%
1995 30.4% 46.7% 35.5% 106.1%
1994 - - 34.3% 116.2%
1993 - - 36.4% 126.6%
1992 - - 35.5% 139.6%
1991 - - 44.9% 187%
1990 - - 44% 204.8%
1989 - - 42.5% 195.4%
1988 - - 44.3% 129.3%
1987 - - 42.1% 101.9%
1986 - - 33.8% 84.3%
1985 - - 42.4% 85.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

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

In 2024, Cyprus' government spending was $15B, accounting for 40% of its GDP, while Jordan spent $17.6B, or 33% of GDP.

Debt-to-GDP ratio is 65.1% in Cyprus and 90.2% in Jordan, ranking 68/185 and 32/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Jordan
1x
Year Deficit/surplus, % of GDP
Cyprus Jordan
2024 4.28% -7.33%
2023 1.7% -6.89%
2022 2.65% -6.8%
2021 -1.64% -8.45%
2020 -5.57% -10.1%
2019 1.03% -7.19%
2018 -3.36% -5.78%
2017 2.13% -3.61%
2016 0.45% -3.71%
2015 -0.77% -7.1%
2014 -8.8% -15.5%
2013 -5.16% -16.1%
2012 -5.55% -13.8%
2011 -5.65% -5.61%
2010 -4.68% -5.43%
2009 -5.43% -8.66%
2008 0.87% -5.38%
2007 3.23% -5.45%
2006 -1.04% -3.82%
2005 -2.22% -5.36%
2004 -3.71% -1.09%
2003 -5.91% -2.52%
2002 -4.13% -4.44%
2001 -2.11% -2.77%
2000 -2.24% -3.99%
1999 -4.05% -2.69%
1998 -3.85% -5.4%
1997 -4.82% -2.97%
1996 -2.96% -3.25%
1995 -0.71% -1.72%
1994 - -2.3%
1993 - -2.14%
1992 - 1.87%
1991 - -10.2%
1990 - -7.45%
1989 - -6.89%
1988 - -13%
1987 - -13.4%
1986 - -2.39%
1985 - -6.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/cyprus/jordan | 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 Jordan's deficit of $3.91B, or 7.33% of GDP.

Over the past 30 years, Cyprus recorded a fiscal deficit in 22 of those years, while Jordan ran a deficit in 30 years. On average, Cyprus posted an annual deficit equal to 2.27% of GDP, compared to deficit of 6.1% of GDP for Jordan.

Inflation comparison by year

Inflation
Cyprus

Jordan
1x
Year Consumer prices inflation
Cyprus Jordan
2024 1.8% 1.56%
2023 3.54% 2.08%
2022 8.4% 4.23%
2021 2.45% 1.35%
2020 -0.64% 0.33%
2019 0.25% 0.76%
2018 1.44% 4.46%
2017 0.53% 3.32%
2016 -1.43% -0.78%
2015 -2.1% -0.88%
2014 -1.35% 2.9%
2013 -0.4% 4.82%
2012 2.39% 4.52%
2011 3.29% 4.16%
2010 2.43% 4.85%
2009 0.33% -0.74%
2008 4.67% 14%
2007 2.37% 4.74%
2006 2.3% 6.25%
2005 2.56% 3.49%
2004 2.29% 3.36%
2003 4.14% 1.63%
2002 2.8% 1.83%
2001 1.97% 1.77%
2000 4.14% 0.67%
1999 1.63% 0.61%
1998 2.23% 3.09%
1997 3.61% 3.04%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Cyprus has recorded an average annual inflation rate of 1.99%, compared with 2.91% in Jordan. In 2024, inflation was 1.8% in Cyprus and 1.56% in Jordan.

Top exports between countries

Cyprus
Export category Export value
Chemicals & pharma $6.71M
Machinery & equipment $2.32M
Processed food, beverages & tobacco $1.83M
Weapons & explosives $633K
Raw materials & minerals $170K
Textiles & consumer goods $130K
Animal & marine products $122K
Miscellaneous $42K
Raw agricultural goods $41K
Metals $15K
Jordan
Export category Export value
Raw materials & minerals $1.7M
Processed food, beverages & tobacco $767K
Machinery & equipment $423K
Textiles & consumer goods $243K
Chemicals & pharma $144K
Raw agricultural goods $114K
Miscellaneous $86K
Metals $6K
Precious metals & jewellery $3K
Animal & marine products $1K

Balance of trade

Cyprus Jordan
Current account balance
-$3.07B
2024
-$3.13B
2024
Current account balance ranking
157/190
2024
158/190
2024
Current account balance, % of GDP
-8.16%
2024
-5.86%
2024
Goods imports
$11.9B
2024
$23.9B
2024
Goods exports
$4.43B
2024
$13.3B
2024
Service imports
$23.2B
2024
$6.5B
2024
Service exports
$32.1B
2024
$9.45B
2024
Imports of goods and services, % of GDP
93.4%
2024
57.1%
2024
Exports of goods and services, % of GDP
97%
2024
42.6%
2024

Economic freedom indices

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

Cyprus Jordan
Economic freedom 74.1 59.3
Economic freedom ranking 21/197 104/197
Property rights 85.1 52.3
Government integrity 59.7 51
Judicial effectiveness 89.8 44
Tax burden 80.8 84.1
Government spending 52.1 67.2
Fiscal health 91.5 5.2
Business freedom 82.3 62.7
Labor freedom 60.3 51.3
Monetary freedom 78.7 81.2
Trade freedom 79.4 82
Investment freedom 70 70
Financial freedom 60 60

Economic freedom comparison by year

Cyprus
Jordan
1x
Year Economic freedom index
Cyprus Jordan
2026 74.1 59.3
2025 73.2 59.4
2024 72.2 58.3
2023 72.3 58.8
2022 72.9 60.1
2021 71.4 64.6
2020 70.1 66
2019 68.1 66.5
2018 67.8 64.9
2017 67.9 66.7
2016 68.7 68.3
2015 67.9 69.3
2014 67.6 69.2
2013 69 70.4
2012 71.8 69.9
2011 73.3 68.9
2010 70.9 66.1
2009 70.8 65.4
2008 71.3 64.1
2007 71.7 64.5
2006 71.8 63.7
2005 71.9 66.7
2004 74.1 66.1
2003 73.3 65.3
2002 73 66.2
2001 71 68.3
2000 67.2 67.5
1999 67.8 67.4
1998 68.2 66.8
1997 67.9 63.6
1996 67.7 60.8
1995 - 62.7

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

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 59.3 for Jordan, ranking 104/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus Jordan
Services, % of GDP
76.5%
2024
60.4%
2024
Industry, % of GDP
11.1%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.16%
2024
5.07%
2024
GNI, Atlas method
$32B
2024
$51.2B
2024
GNI per capita, PPP
$56,200
2024
$10,570
2024
Total reserves including gold
$2.09B
2024
$21.9B
2024
Total reserves ranking
124/177
2024
60/177
2024
Net foreign direct investment
-$5.49B
2024
-$1.58B
2024
Net inflows of foreign direct investment
-$50.4B
2024
$1.63B
2024
Net outflows of foreign direct investment
-$55.9B
2024
$54.1M
2024
Servicing debt to the IMF, % of GNI n/a
8.64%
2024
Poverty at national poverty lines
13.9%
2021
14.2%
2020
Gross capital formation, % of GDP
20.7%
2024
25.2%
2021

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/jordan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.