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Economy of Cyprus vs Lesotho compared: GDP & Debt

Updated on by Georank

Cyprus has a GDP of $41.2B compared to $2.57B for Lesotho, ranking 103/197 and 175/197 by economy size, respectively.

Cyprus has $22.8B in government debt (55.3% of GDP), compared to $1.26B (49.1% of GDP) in Lesotho.

Cyprus vs Lesotho GDP by year

Cyprus
Lesotho
1x
Year GDP, current $
Cyprus Lesotho
2025 $41,225,787,247 $2,573,572,920
2024 $37,634,551,821 $2,391,282,548
2023 $35,075,440,603 $2,129,871,530
2022 $31,218,047,044 $2,354,980,960
2021 $30,372,637,513 $2,412,130,057
2020 $25,555,082,267 $2,053,699,864
2019 $26,196,660,680 $2,390,702,296
2018 $25,754,011,492 $2,556,247,292
2017 $22,946,583,376 $2,306,741,672
2016 $21,046,452,117 $2,114,426,452
2015 $19,909,269,065 $2,359,686,725
2014 $23,225,912,183 $2,441,063,054
2013 $23,959,708,956 $2,367,112,932
2012 $25,047,433,100 $2,477,702,216
2011 $27,641,553,201 $2,579,409,620
2010 $25,799,940,416 $2,234,754,242
2009 $26,048,190,775 $1,740,894,965
2008 $27,958,384,913 $1,766,902,709
2007 $23,968,727,074 $1,682,131,785
2006 $20,072,754,987 $1,800,092,564
2005 $18,433,412,511 $1,682,343,527
2004 $17,320,551,250 $1,511,236,656
2003 $14,547,329,558 $1,157,825,435
2002 $11,420,228,846 $775,777,239
2001 $10,397,898,907 $825,706,961
2000 $9,985,847,314 $887,291,688
1999 $10,497,907,228 $912,773,681
1998 $10,248,618,778 $928,460,893
1997 $9,547,816,420 $998,004,259
1996 $10,011,914,680 $946,112,493
1995 $9,933,137,128 $1,001,894,000
1994 $7,425,703,929 $878,250,945
1993 $6,590,291,048 $835,582,062
1992 $6,912,150,456 $831,029,862
1991 $5,770,197,348 $704,325,367
1990 $5,591,130,218 $596,410,264
1989 $4,563,482,604 $495,409,233
1988 $4,278,792,597 $470,395,801
1987 $3,704,813,886 $402,768,324
1986 $3,090,734,463 $318,858,423
1985 $2,430,411,900 $268,629,926
1984 $2,278,248,953 $333,163,670
1983 $2,160,364,071 $386,699,309
1982 $2,159,242,417 $348,741,684
1981 $2,087,496,374 $434,188,034
1980 $2,154,311,277 $431,542,537
1979 $1,288,699,776 $290,134,593
1978 $964,024,364 $266,570,067
1977 $734,876,021 $193,315,048
1976 $576,090,074 $147,660,037
1975 $489,912,574 $149,558,896
1974 - $150,851,317
1973 - $121,188,716
1972 - $80,913,200
1971 - $76,480,285
1970 - $68,739,973
1969 - $65,967,974
1968 - $61,445,975
1967 - $59,261,976
1966 - $56,699,977
1965 - $54,879,978
1964 - $51,939,979
1963 - $47,039,981
1962 - $41,859,983
1961 - $35,699,986
1960 - $34,579,986

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

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

GDP per capita in Cyprus vs Lesotho by year

Cyprus
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,075 - $1,089 -
2024 $27,707 $63,007 $1,023 $3,001
2023 $26,079 $59,875 $921 $2,881
2022 $23,448 $55,876 $1,030 $2,761
2021 $23,057 $47,633 $1,067 $2,545
2020 $19,624 $42,569 $919 $2,559
2019 $20,360 $44,394 $1,082 $2,568
2018 $20,267 $40,262 $1,171 $2,632
2017 $18,295 $37,768 $1,069 $2,619
2016 $17,013 $35,247 $992 $2,942
2015 $16,326 $31,380 $1,121 $3,035
2014 $19,326 $29,893 $1,174 $2,771
2013 $20,238 $30,416 $1,151 $2,538
2012 $21,493 $31,924 $1,218 $2,291
2011 $24,110 $33,406 $1,281 $2,279
2010 $22,876 $33,502 $1,119 $2,153
2009 $23,480 $33,901 $879 $2,036
2008 $25,626 $34,830 $898 $2,064
2007 $22,344 $32,888 $861 $1,932
2006 $19,037 $30,009 $925 $1,813
2005 $17,790 $27,763 $861 $1,681
2004 $17,016 $25,942 $767 $1,561
2003 $14,553 $24,278 $583 $1,484
2002 $11,636 $23,556 $389 $1,385
2001 $10,785 $22,866 $413 $1,350
2000 $10,537 $21,296 $443 $1,273
1999 $11,273 $19,663 $456 $1,199
1998 $11,206 $18,760 $465 $1,179
1997 $10,637 $17,781 $502 $1,154
1996 $11,373 $17,320 $480 $1,103
1995 $11,514 $17,096 $513 $1,037
1994 $8,791 $15,735 $456 $995
1993 $7,978 $14,852 $439 $932
1992 $8,530 $14,759 $444 $893
1991 $7,222 $13,546 $382 $830
1990 $7,092 $13,348 $330 $764
1989 $5,870 - $279 -
1988 $5,584 - $270.4 -
1987 $4,908 - $236.5 -
1986 $4,159 - $191.4 -
1985 $3,324 - $165.4 -
1984 $3,167 - $211 -
1983 $3,055 - $252 -
1982 $3,100 - $233.9 -
1981 $3,030 - $299.8 -
1980 $3,154 - $307 -
1979 $1,902 - $212.4 -
1978 $1,434 - $200.8 -
1977 $1,102 - $149.9 -
1976 $870 - $117.8 -
1975 $743 - $123.2 -
1974 - - $128.7 -
1973 - - $107 -
1972 - - $74 -
1971 - - $72.4 -
1970 - - $67.4 -
1969 - - $67.1 -
1968 - - $64.8 -
1967 - - $64.8 -
1966 - - $64.3 -
1965 - - $64.3 -
1964 - - $62.6 -
1963 - - $58.4 -
1962 - - $53.5 -
1961 - - $47 -
1960 - - $47 -

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

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

Cyprus' GDP per capita is $30,075, ranking 45/197, compared to $1,089 in Lesotho, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Lesotho ranks 180th at $3,001.

Economic indicators

Cyprus Lesotho
Gross domestic product
$41.2B
2025
$2.57B
2025
GDP rank
103/197
2025
175/197
2025
GDP growth
3.77%
2024-2025
1.98%
2024-2025
GDP per capita
$30,075
2025
$1,089
2025
GDP per capita rank
45/197
2025
179/197
2025
GDP per capita, PPP
$63,007
2024
$3,001
2024
GDP per capita PPP rank
29/197
2024
180/197
2024
Government debt
$22.8B
2025
$1.26B
2025
Debt-to-GDP ratio
55.3%
2025
49.1%
2025
Government debt per person
$16,632
2025
$535
2025
Government debt per person rank
40/185
2025
165/185
2025
Average annual personal income after taxes
$24,626
2026
$1,455
2026
Market capitalization of domestic companies
$27.9B
2025
n/a
Number of millionaires
24,000
2026
n/a
Number of billionaires
10
2026
n/a
Income share by richest 10%
26.3%
2023
32.9%
2017
Income share by poorest 10%
3.6%
2023
1.7%
2017
Government expenditure, % of GDP
40.4%
2025
54.2%
2025
Consumer prices inflation
0.13%
2024-2025
4.27%
2024-2025
Central bank interest rate n/a
6.5%
2025
Unemployment rate
4.4%
2025
18.7%
2024
Population
1388591
2402837

Spending and national debt comparison by year

Cyprus
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Cyprus Lesotho
Government spending Government debt Government spending Government debt
2025 40.4% 55.3% 54.2% 49.1%
2024 38.3% 62.8% 52.5% 52.8%
2023 40.6% 71.1% 49% 61.1%
2022 37.7% 80.3% 50.8% 64.4%
2021 42.7% 96.5% 53.6% 58%
2020 45.9% 113.6% 54.2% 54.7%
2019 40.3% 92.3% 52.9% 58.2%
2018 44.3% 100.7% 51.9% 48.2%
2017 38.4% 96.4% 50.4% 41%
2016 39.6% 106.8% 54.1% 41.5%
2015 43% 111.6% 51.7% 45.8%
2014 52.1% 113% 50.1% 41.5%
2013 42.1% 102.7% 58.4% 41.2%
2012 41.9% 79.2% 58.1% 39.8%
2011 42.1% 64.8% 60.2% 36.2%
2010 41.7% 55.3% 55.3% 33.8%
2009 41.9% 52.8% 66.4% 35.9%
2008 38.2% 44.1% 54.1% 47%
2007 37.6% 53.1% 48.1% 49.6%
2006 39.1% 59% 43.2% 43.7%
2005 39.7% 64% 37.6% 41%
2004 38.6% 64.7% 36.3% 49.4%
2003 40.4% 63% 39.8% 52.6%
2002 37.4% 61% 41.2% 79.6%
2001 35.7% 57.5% 41.4% 108.7%
2000 35% 56% 39.3% 88.5%
1999 34.3% 55.7% 50.8% 83%
1998 34.4% 55% 51.4% 79.4%
1997 34.2% 53.5% 44.6% 65.7%
1996 32.4% 48.8% 41.5% 71.6%
1995 30.4% 46.7% 42.1% 62.8%
1994 - - 40.2% 67%
1993 - - 36% 71.2%
1992 - - 35.3% 64.4%
1991 - - 31.3% 11.9%
1990 - - 32.9% 18%
1989 - - 35.8% 112.5%
1988 - - 35.3% 105.2%
1987 - - 40.3% 97.4%
1986 - - 33.2% 92.5%
1985 - - 32.8% 86.3%
1984 - - 26.8% 57.2%
1983 - - 27.2% 56.7%
1982 - - 29.9% 61.4%

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/cyprus/lesotho | CC BY

In 2025, Cyprus' government spending was $16.7B, accounting for 40.4% of its GDP, while Lesotho spent $1.4B, or 54.2% of GDP.

Debt-to-GDP ratio is 55.3% in Cyprus and 49.1% in Lesotho, ranking 89/185 and 106/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Lesotho
1x
Year Deficit/surplus, % of GDP
Cyprus Lesotho
2025 2.99% 2.15%
2024 4.14% 8.17%
2023 1.71% 7.36%
2022 2.69% -6.33%
2021 -1.59% -4.79%
2020 -5.57% 1.45%
2019 1.03% -5.09%
2018 -3.36% -4.41%
2017 2.13% -2.02%
2016 0.45% -9.43%
2015 -0.77% -1.38%
2014 -8.8% 3.16%
2013 -5.16% -2.58%
2012 -5.55% 4.56%
2011 -5.65% -9.85%
2010 -4.68% -1.49%
2009 -5.43% -4.16%
2008 0.87% 8.1%
2007 3.23% 10.8%
2006 -1.04% 11.6%
2005 -2.22% 4.46%
2004 -3.71% 6.05%
2003 -5.91% 0.89%
2002 -4.13% -2.44%
2001 -2.11% -2.76%
2000 -2.24% -0.95%
1999 -4.05% -15.3%
1998 -3.85% -11.8%
1997 -4.82% 0.27%
1996 -2.96% 2.11%
1995 -0.71% 5.13%
1994 - 5.69%
1993 - 7.55%
1992 - 4.65%
1991 - 9.74%
1990 - 8.78%
1989 - 3.88%
1988 - -1.87%
1987 - -2.85%
1986 - 0.87%
1985 - 1.68%
1984 - 4.82%
1983 - 1.85%
1982 - -2.03%

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/cyprus/lesotho | 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 Lesotho's surplus of $55.4M, or 2.15% of GDP.

Over the past 31 years, Cyprus recorded a fiscal deficit in 22 of those years, while Lesotho ran a deficit in 16 years. On average, Cyprus posted an annual deficit equal to 2.1% of GDP, compared to deficit of 0.28% of GDP for Lesotho.

Inflation comparison by year

Inflation
Cyprus

Lesotho
1x
Year Consumer prices inflation
Cyprus Lesotho
2025 0.13% 4.27%
2024 1.8% 6.11%
2023 3.54% 6.34%
2022 8.4% 8.27%
2021 2.45% 6.05%
2020 -0.64% 4.98%
2019 0.25% 5.19%
2018 1.44% 4.75%
2017 0.53% 4.45%
2016 -1.43% 6.6%
2015 -2.1% 3.22%
2014 -1.35% 5.37%
2013 -0.4% 4.87%
2012 2.39% 6.05%
2011 3.29% 5.04%
2010 2.43% -2.41%
2009 0.33% -16.9%
2008 4.67% 10.7%
2007 2.37% 8.01%
2006 2.3% 6.07%
2005 2.56% 3.44%
2004 2.29% 5.02%
2003 4.14% 6.63%
2002 2.8% 33.8%
2001 1.97% -9.62%
2000 4.14% 6.13%
1999 1.63% -
1998 2.23% -
1997 3.61% -

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

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

Over the past 26 years, Cyprus has recorded an average annual inflation rate of 1.86%, compared with 5.1% in Lesotho. In 2025, inflation was 0.13% in Cyprus and 4.27% in Lesotho.

Top exports between countries

Cyprus
Export category Export value
Chemicals & pharma $22K
Lesotho
Export category Export value

Balance of trade

Cyprus Lesotho
Current account balance
-$2.59B
2025
-$3.94M
2025
Current account balance ranking
149/190
2025
71/190
2025
Current account balance, % of GDP
-6.29%
2025
-0.15%
2025
Goods imports
$12.6B
2025
$1.69B
2025
Goods exports
$4.62B
2025
$933M
2025
Service imports
$25.3B
2025
$467M
2025
Service exports
$35.7B
2025
$16M
2025
Imports of goods and services, % of GDP
91.9%
2025
104.5%
2025
Exports of goods and services, % of GDP
97.6%
2025
49.5%
2025

Economic freedom indices

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

Cyprus Lesotho
Economic freedom 74.1 54.9
Economic freedom ranking 21/197 130/197
Property rights 85.1 41.7
Government integrity 59.7 39.6
Judicial effectiveness 89.8 43.6
Tax burden 80.8 76.4
Government spending 52.1 21.3
Fiscal health 91.5 93.5
Business freedom 82.3 50.6
Labor freedom 60.3 57
Monetary freedom 78.7 74.8
Trade freedom 79.4 65.4
Investment freedom 70 55
Financial freedom 60 40

Economic freedom comparison by year

Cyprus
Lesotho
1x
Year Economic freedom index
Cyprus Lesotho
2026 74.1 54.9
2025 73.2 54.1
2024 72.2 51.9
2023 72.3 51.6
2022 72.9 48.1
2021 71.4 53.5
2020 70.1 54.5
2019 68.1 53.1
2018 67.8 53.9
2017 67.9 53.9
2016 68.7 50.6
2015 67.9 49.6
2014 67.6 49.5
2013 69 47.9
2012 71.8 46.6
2011 73.3 47.5
2010 70.9 48.1
2009 70.8 49.7
2008 71.3 52.1
2007 71.7 53.2
2006 71.8 54.7
2005 71.9 53.9
2004 74.1 50.3
2003 73.3 52
2002 73 48.9
2001 71 50.6
2000 67.2 48.4
1999 67.8 48.2
1998 68.2 48.4
1997 67.9 47.2
1996 67.7 47

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus Lesotho
Services, % of GDP
76.8%
2025
55.6%
2025
Industry, % of GDP
11.1%
2025
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
1.12%
2025
6.49%
2025
GNI, Atlas method
$35.6B
2025
$3.03B
2025
GNI per capita, PPP
$57,390
2025
$3,900
2025
Total reserves including gold
$2.95B
2025
$1.01B
2024
Total reserves ranking
121/177
2025
142/177
2024
Net foreign direct investment
-$9.59B
2025
$5.77M
2025
Net inflows of foreign direct investment
-$50.4B
2024
-$12.6M
2024
Net outflows of foreign direct investment
-$55.9B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
3.79%
2024
Poverty at national poverty lines
13.9%
2021
49.7%
2017
Gross capital formation, % of GDP
19.3%
2025
31.2%
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/lesotho | 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 (1996–2026, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2021, 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.