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Economy of Cyprus vs Poland compared: GDP & Debt

Updated on by Georank

Cyprus has a GDP of $41.2B compared to $1.04T for Poland, ranking 103/197 and 21/197 by economy size, respectively.

Cyprus has $22.8B in government debt (55.3% of GDP), compared to $609B (58.8% of GDP) in Poland.

Cyprus vs Poland GDP by year

Cyprus
Poland
1x
Year GDP, current $
Cyprus Poland
2025 $41,225,787,247 $1,035,491,784,197
2024 $37,634,551,821 $917,767,106,147
2023 $35,075,440,603 $812,451,193,396
2022 $31,218,047,044 $695,607,470,875
2021 $30,372,637,513 $689,170,230,665
2020 $25,555,082,267 $605,914,237,904
2019 $26,196,660,680 $602,683,770,145
2018 $25,754,011,492 $594,616,632,477
2017 $22,946,583,376 $528,356,723,263
2016 $21,046,452,117 $473,259,623,976
2015 $19,909,269,065 $480,054,118,583
2014 $23,225,912,183 $542,134,167,179
2013 $23,959,708,956 $518,179,836,405
2012 $25,047,433,100 $498,148,649,703
2011 $27,641,553,201 $527,848,543,023
2010 $25,799,940,416 $478,111,630,684
2009 $26,048,190,775 $440,891,472,247
2008 $27,958,384,913 $535,612,030,672
2007 $23,968,727,074 $429,715,132,138
2006 $20,072,754,987 $345,897,630,736
2005 $18,433,412,511 $306,999,913,151
2004 $17,320,551,250 $256,268,656,145
2003 $14,547,329,558 $218,561,225,998
2002 $11,420,228,846 $199,694,463,256
2001 $10,397,898,907 $191,823,200,371
2000 $9,985,847,314 $172,953,527,033
1999 $10,497,907,228 $170,704,452,715
1998 $10,248,618,778 $175,282,269,667
1997 $9,547,816,420 $159,893,964,917
1996 $10,011,914,680 $160,813,026,223
1995 $9,933,137,128 $142,838,527,115
1994 $7,425,703,929 $110,803,635,288
1993 $6,590,291,048 $96,043,157,273
1992 $6,912,150,456 $94,337,050,693
1991 $5,770,197,348 $85,500,935,935
1990 $5,591,130,218 $65,977,748,211
1989 $4,563,482,604 -
1988 $4,278,792,597 -
1987 $3,704,813,886 -
1986 $3,090,734,463 -
1985 $2,430,411,900 -
1984 $2,278,248,953 -
1983 $2,160,364,071 -
1982 $2,159,242,417 -
1981 $2,087,496,374 -
1980 $2,154,311,277 -
1979 $1,288,699,776 -
1978 $964,024,364 -
1977 $734,876,021 -
1976 $576,090,074 -
1975 $489,912,574 -

Data sources: World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08).

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

GDP per capita in Cyprus vs Poland by year

Cyprus
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,075 - $28,420 -
2024 $27,707 $63,007 $25,104 $51,263
2023 $26,079 $59,875 $22,145 $48,473
2022 $23,448 $55,876 $18,891 $46,778
2021 $23,057 $47,633 $18,636 $41,060
2020 $19,624 $42,569 $16,151 $37,089
2019 $20,360 $44,394 $15,875 $35,882
2018 $20,267 $40,262 $15,658 $32,345
2017 $18,295 $37,768 $13,913 $30,170
2016 $17,013 $35,247 $12,464 $28,360
2015 $16,326 $31,380 $12,638 $26,988
2014 $19,326 $29,893 $14,262 $25,460
2013 $20,238 $30,416 $13,622 $24,434
2012 $21,493 $31,924 $13,087 $23,728
2011 $24,110 $33,406 $13,868 $22,809
2010 $22,876 $33,502 $12,568 $20,991
2009 $23,480 $33,901 $11,556 $19,300
2008 $25,626 $34,830 $14,049 $18,372
2007 $22,344 $32,888 $11,273 $16,833
2006 $19,037 $30,009 $9,069 $15,205
2005 $17,790 $27,763 $8,044 $13,936
2004 $17,016 $25,942 $6,712 $13,413
2003 $14,553 $24,278 $5,721 $12,329
2002 $11,636 $23,556 $5,223 $11,841
2001 $10,785 $22,866 $5,015 $11,175
2000 $10,537 $21,296 $4,521 $10,721
1999 $11,273 $19,663 $4,416 $10,081
1998 $11,206 $18,760 $4,534 $9,521
1997 $10,637 $17,781 $4,137 $8,967
1996 $11,373 $17,320 $4,164 $8,310
1995 $11,514 $17,096 $3,701 $7,715
1994 $8,791 $15,735 $2,875 $7,040
1993 $7,978 $14,852 $2,497 $6,560
1992 $8,530 $14,759 $2,459 $6,193
1991 $7,222 $13,546 $2,236 $5,925
1990 $7,092 $13,348 $1,731 $6,185
1989 $5,870 - - -
1988 $5,584 - - -
1987 $4,908 - - -
1986 $4,159 - - -
1985 $3,324 - - -
1984 $3,167 - - -
1983 $3,055 - - -
1982 $3,100 - - -
1981 $3,030 - - -
1980 $3,154 - - -
1979 $1,902 - - -
1978 $1,434 - - -
1977 $1,102 - - -
1976 $870 - - -
1975 $743 - - -

Data sources: World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08).

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

Cyprus' GDP per capita is $30,075, ranking 45/197, compared to $28,420 in Poland, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Poland ranks 43rd at $51,263.

Economic indicators

Cyprus Poland
Gross domestic product
$41.2B
2025
$1.04T
2025
GDP rank
103/197
2025
21/197
2025
GDP growth
3.77%
2024-2025
3.57%
2024-2025
GDP per capita
$30,075
2025
$28,420
2025
GDP per capita rank
45/197
2025
47/197
2025
GDP per capita, PPP
$63,007
2024
$51,263
2024
GDP per capita PPP rank
29/197
2024
43/197
2024
Government debt
$22.8B
2025
$609B
2025
Debt-to-GDP ratio
55.3%
2025
58.8%
2025
Government debt per person
$16,632
2025
$16,712
2025
Government debt per person rank
40/185
2025
39/185
2025
Average annual personal income after taxes
$24,626
2026
$20,616
2026
Market capitalization of domestic companies
$27.9B
2025
$316B
2025
Number of millionaires
24,000
2026
101,000
2026
Number of billionaires
10
2026
10
2026
Income share by richest 10%
26.3%
2023
22.9%
2023
Income share by poorest 10%
3.6%
2023
3.3%
2023
Government expenditure, % of GDP
40.4%
2025
50%
2025
Consumer prices inflation
0.13%
2024-2025
3.81%
2024-2025
Central bank interest rate n/a
3.75%
2026
Unemployment rate
4.4%
2025
3.02%
2025
Population
1388591
36007074

Spending and national debt comparison by year

Cyprus
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Cyprus Poland
Government spending Government debt Government spending Government debt
2025 40.4% 55.3% 50% 58.8%
2024 38.3% 62.8% 49.4% 55.1%
2023 40.6% 71.1% 46.9% 49.5%
2022 37.7% 80.3% 43.2% 48.8%
2021 42.7% 96.5% 43.6% 53%
2020 45.9% 113.6% 47.7% 56.6%
2019 40.3% 92.3% 41.4% 45.2%
2018 44.3% 100.7% 41% 48.2%
2017 38.4% 96.4% 41.1% 50.4%
2016 39.6% 106.8% 41.1% 54.1%
2015 43% 111.6% 41.5% 51.1%
2014 52.1% 113% 42.7% 51.1%
2013 42.1% 102.7% 43.2% 56.9%
2012 41.9% 79.2% 43.2% 54.5%
2011 42.1% 64.8% 44.1% 54.8%
2010 41.7% 55.3% 46% 53.7%
2009 41.9% 52.8% 44.9% 49.7%
2008 38.2% 44.1% 44% 46.6%
2007 37.6% 53.1% 42.8% 44.4%
2006 39.1% 59% 44.3% 47.1%
2005 39.7% 64% 44.1% 46.5%
2004 38.6% 64.7% 43.4% 45%
2003 40.4% 63% 45.3% 46.2%
2002 37.4% 61% 44.9% 41.4%
2001 35.7% 57.5% 44.6% 37%
2000 35% 56% 42.9% 36.3%
1999 34.3% 55.7% 42.4% 39.2%
1998 34.4% 55% 43.9% 38.6%
1997 34.2% 53.5% 46% 42.6%
1996 32.4% 48.8% 50.6% 43%
1995 30.4% 46.7% 47.3% 48.6%
1994 - - - 64.3%
1993 - - - 83.9%
1992 - - - 81.9%
1991 - - - 76.9%
1990 - - - 89.7%
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - - -
1980 - - - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

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

In 2025, Cyprus' government spending was $16.7B, accounting for 40.4% of its GDP, while Poland spent $517B, or 50% of GDP.

Debt-to-GDP ratio is 55.3% in Cyprus and 58.8% in Poland, ranking 89/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Poland
1x
Year Deficit/surplus, % of GDP
Cyprus Poland
2025 2.99% -7.01%
2024 4.14% -6.48%
2023 1.71% -5.2%
2022 2.69% -3.37%
2021 -1.59% -1.68%
2020 -5.57% -6.85%
2019 1.03% -0.73%
2018 -3.36% -0.24%
2017 2.13% -1.49%
2016 0.45% -2.38%
2015 -0.77% -2.59%
2014 -8.8% -3.66%
2013 -5.16% -4.25%
2012 -5.55% -3.8%
2011 -5.65% -4.97%
2010 -4.68% -7.43%
2009 -5.43% -7.24%
2008 0.87% -3.6%
2007 3.23% -1.88%
2006 -1.04% -3.53%
2005 -2.22% -3.93%
2004 -3.71% -5%
2003 -5.91% -6%
2002 -4.13% -4.79%
2001 -2.11% -4.71%
2000 -2.24% -3.98%
1999 -4.05% -2.29%
1998 -3.85% -4.24%
1997 -4.82% -4.59%
1996 -2.96% -4.82%
1995 -0.71% -4.38%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/cyprus/poland | 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 Poland's deficit of $72.6B, or 7.01% of GDP.

Over the past 31 years, Cyprus recorded a fiscal deficit in 22 of those years, while Poland ran a deficit in 31 years. On average, Cyprus posted an annual deficit equal to 2.1% of GDP, compared to deficit of 4.1% of GDP for Poland.

Inflation comparison by year

Inflation
Cyprus

Poland
1x
Year Consumer prices inflation
Cyprus Poland
2025 0.13% 3.81%
2024 1.8% 3.79%
2023 3.54% 11.5%
2022 8.4% 14.4%
2021 2.45% 5.06%
2020 -0.64% 3.37%
2019 0.25% 2.23%
2018 1.44% 1.81%
2017 0.53% 2.08%
2016 -1.43% -0.66%
2015 -2.1% -0.87%
2014 -1.35% 0.05%
2013 -0.4% 0.99%
2012 2.39% 3.56%
2011 3.29% 4.24%
2010 2.43% 2.58%
2009 0.33% 3.8%
2008 4.67% 4.16%
2007 2.37% 2.46%
2006 2.3% 1.28%
2005 2.56% 2.18%
2004 2.29% 3.38%
2003 4.14% 0.68%
2002 2.8% 1.91%
2001 1.97% 5.41%
2000 4.14% 9.9%
1999 1.63% 7.15%
1998 2.23% 11.6%
1997 3.61% 14.9%

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

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

Over the past 29 years, Cyprus has recorded an average annual inflation rate of 1.92%, compared with 4.37% in Poland. In 2025, inflation was 0.13% in Cyprus and 3.81% in Poland.

Top exports between countries

Cyprus
Export category Export value
Transport & tourism services $203M
Business & finance services $128M
Animal & marine products $16M
IT & IP services $10.3M
Chemicals & pharma $7.53M
Machinery & equipment $3.68M
Raw agricultural goods $3.44M
Textiles & consumer goods $1.05M
Processed food, beverages & tobacco $266K
Manufacturing & construction services $118K
Poland
Export category Export value
Business & finance services $298M
Machinery & equipment $144M
IT & IP services $141M
Transport & tourism services $121M
Manufacturing & construction services $66M
Textiles & consumer goods $61.1M
Chemicals & pharma $27M
Processed food, beverages & tobacco $26.1M
Animal & marine products $20.7M
Raw agricultural goods $8.66M

Balance of trade

Cyprus Poland
Current account balance
-$2.59B
2025
-$9.05B
2025
Current account balance ranking
149/190
2025
172/190
2025
Current account balance, % of GDP
-6.29%
2025
-0.87%
2025
Goods imports
$12.6B
2025
$406B
2025
Goods exports
$4.62B
2025
$390B
2025
Service imports
$25.3B
2025
$86.5B
2025
Service exports
$35.7B
2025
$131B
2025
Imports of goods and services, % of GDP
91.9%
2025
47.1%
2025
Exports of goods and services, % of GDP
97.6%
2025
50%
2025

Economic freedom indices

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

Cyprus Poland
Economic freedom 74.1 68.5
Economic freedom ranking 21/197 46/197
Property rights 85.1 71.8
Government integrity 59.7 60.7
Judicial effectiveness 89.8 62.5
Tax burden 80.8 72.7
Government spending 52.1 35.1
Fiscal health 91.5 74.8
Business freedom 82.3 77.5
Labor freedom 60.3 53.7
Monetary freedom 78.7 73.8
Trade freedom 79.4 79.4
Investment freedom 70 80
Financial freedom 60 80

Economic freedom comparison by year

Cyprus
Poland
1x
Year Economic freedom index
Cyprus Poland
2026 74.1 68.5
2025 73.2 67.1
2024 72.2 66
2023 72.3 67.7
2022 72.9 68.7
2021 71.4 69.7
2020 70.1 69.1
2019 68.1 67.8
2018 67.8 68.5
2017 67.9 68.3
2016 68.7 69.3
2015 67.9 68.6
2014 67.6 67
2013 69 66
2012 71.8 64.2
2011 73.3 64.1
2010 70.9 63.2
2009 70.8 60.3
2008 71.3 60.3
2007 71.7 58.1
2006 71.8 59.3
2005 71.9 59.6
2004 74.1 58.7
2003 73.3 61.8
2002 73 65
2001 71 61.8
2000 67.2 60
1999 67.8 59.6
1998 68.2 59.2
1997 67.9 56.8
1996 67.7 57.8
1995 - 50.7

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

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus Poland
Services, % of GDP
76.8%
2025
59.7%
2025
Industry, % of GDP
11.1%
2025
25.8%
2025
Agriculture, forestry, and fishing, % of GDP
1.12%
2025
2.45%
2025
GNI, Atlas method
$35.6B
2025
$930B
2025
GNI per capita, PPP
$57,390
2025
$52,290
2025
Total reserves including gold
$2.95B
2025
$272B
2025
Total reserves ranking
121/177
2025
16/177
2025
Net foreign direct investment
-$9.59B
2025
-$11.7B
2025
Net inflows of foreign direct investment
-$50.4B
2024
$20.6B
2024
Net outflows of foreign direct investment
-$55.9B
2024
$10B
2024
Poverty at national poverty lines
13.9%
2021
13.3%
2024
Gross capital formation, % of GDP
19.3%
2025
17.9%
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/poland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, 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 (1960–1994, retrieved 2026-07-08)
  6. TradeMap (2018–2025, 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.

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.