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Economy of Cyprus vs Sudan compared: GDP & Debt

Updated on by Georank team

Cyprus has a GDP of $37.6B compared to $49.7B for Sudan, ranking 103/197 and 94/197 by economy size, respectively.

Cyprus has $24.5B in government debt (65.1% of GDP), compared to $130B (261.4% of GDP) in Sudan.

Cyprus vs Sudan GDP by year

Cyprus
Sudan
1x
Year GDP, current $
Cyprus Sudan
2024 $37,634,533,332 $49,672,435,513
2023 $35,075,423,857 $39,898,289,821
2022 $31,218,038,929 $51,666,875,363
2021 $30,372,642,502 $34,229,513,775
2020 $25,555,093,854 $27,034,593,750
2019 $26,196,667,100 $32,338,079,165
2018 $25,754,001,368 $32,333,780,383
2017 $22,946,570,629 $41,283,617,976
2016 $21,046,462,281 $42,630,376,000
2015 $19,909,278,417 $51,726,758,677
2014 $23,225,918,260 $49,516,748,618
2013 $23,959,712,861 $43,024,018,082
2012 $25,047,436,975 $37,632,919,967
2011 $27,641,549,302 $55,018,567,211
2010 $25,799,940,078 $58,962,978,034
2009 $26,048,179,949 $51,621,044,077
2008 $27,844,646,258 $64,833,083,257
2007 $23,968,727,074 $59,440,139,775
2006 $20,072,754,987 $45,263,831,634
2005 $18,433,412,511 $35,182,711,988
2004 $17,320,551,250 $26,646,007,251
2003 $14,547,329,558 $21,355,298,460
2002 $11,420,228,846 $18,137,128,388
2001 $10,397,898,907 $15,716,361,792
2000 $9,985,847,314 $12,257,299,147
1999 $10,497,907,228 $10,682,028,340
1998 $10,248,618,778 $11,250,221,537
1997 $9,547,816,420 $11,681,175,864
1996 $10,011,914,680 $9,018,300,725
1995 $9,933,137,128 $13,830,363,900
1994 $7,425,703,929 $12,793,794,737
1993 $6,590,291,048 $8,881,005,436
1992 $6,912,150,456 $7,031,933,492
1991 $5,770,197,348 $44,171,194,366
1990 $5,591,130,218 $33,641,222,222
1989 $4,563,482,604 $21,408,111,111
1988 $4,278,792,597 $14,372,555,556
1987 $3,704,813,886 $12,093,333,333
1986 $3,090,734,463 $10,092,200,000
1985 $2,430,411,900 $8,075,259,600
1984 $2,278,248,953 $10,447,615,385
1983 $2,160,364,071 $8,230,153,846
1982 $2,159,242,417 $8,732,542,274
1981 $2,087,496,374 $10,753,888,154
1980 $2,154,311,277 $8,951,800,000
1979 $1,288,699,776 $8,418,407,787
1978 $964,024,364 $8,128,719,315
1977 $734,876,021 $7,499,005,639
1976 $576,090,074 $6,013,210,816
1975 $489,912,574 $4,823,090,192
1974 - $3,958,931,660
1973 - $3,077,254,460
1972 - $2,483,055,722
1971 - $2,288,340,041
1970 - $2,100,229,759
1969 - $1,847,501,441
1968 - $1,677,771,401
1967 - $1,607,409,539
1966 - $1,484,491,676
1965 - $1,446,869,619
1964 - $1,388,282,600
1963 - $1,351,234,926
1962 - $1,328,259,625
1961 - $1,222,860,429
1960 - $1,126,364,162

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

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

GDP per capita in Cyprus vs Sudan by year

Cyprus
GDP per capita

GDP per capita, PPP
Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $27,707 $63,007 $985 $2,116
2023 $26,079 $59,875 $797 $2,421
2022 $23,448 $55,876 $1,046 $3,355
2021 $23,057 $47,633 $712 $3,249
2020 $19,624 $42,569 $578 $3,349
2019 $20,360 $44,394 $710 $3,914
2018 $20,267 $40,262 $731 $4,199
2017 $18,295 $37,768 $967 $4,252
2016 $17,013 $35,247 $1,033 $4,470
2015 $16,326 $31,380 $1,292 $4,217
2014 $19,326 $29,893 $1,275 $4,261
2013 $20,238 $30,416 $1,139 $3,725
2012 $21,493 $31,924 $1,019 $3,710
2011 $24,110 $33,406 $1,522 $4,112
2010 $22,876 $33,502 $1,665 $3,806
2009 $23,480 $33,901 $1,493 $3,732
2008 $25,522 $34,830 $1,928 $3,938
2007 $22,344 $32,888 $1,814 $3,836
2006 $19,037 $30,009 $1,415 $3,637
2005 $17,790 $27,763 $1,125 $3,407
2004 $17,016 $25,942 $872 $3,215
2003 $14,553 $24,278 $714 $3,058
2002 $11,636 $23,556 $621 $2,898
2001 $10,785 $22,866 $551 $2,769
2000 $10,537 $21,296 $441 $2,616
1999 $11,273 $19,663 $394 $2,475
1998 $11,206 $18,760 $425 $2,428
1997 $10,637 $17,781 $453 $2,358
1996 $11,373 $17,320 $357 $2,006
1995 $11,514 $17,096 $561 $1,902
1994 $8,791 $15,735 $532 $1,805
1993 $7,978 $14,852 $379 $1,794
1992 $8,530 $14,759 $307 $1,710
1991 $7,222 $13,546 $1,966 $1,599
1990 $7,092 $13,348 $1,528 $1,468
1989 $5,870 - $992 -
1988 $5,584 - $680 -
1987 $4,908 - $584 -
1986 $4,159 - $497 -
1985 $3,324 - $406 -
1984 $3,167 - $534 -
1983 $3,055 - $431 -
1982 $3,100 - $472 -
1981 $3,030 - $605 -
1980 $3,154 - $525 -
1979 $1,902 - $515 -
1978 $1,434 - $518 -
1977 $1,102 - $497 -
1976 $870 - $413 -
1975 $743 - $343 -
1974 - - $291.5 -
1973 - - $235.8 -
1972 - - $198.2 -
1971 - - $189 -
1970 - - $179.6 -
1969 - - $163.5 -
1968 - - $153.7 -
1967 - - $152.4 -
1966 - - $145.6 -
1965 - - $146.8 -
1964 - - $145.7 -
1963 - - $146.6 -
1962 - - $148.9 -
1961 - - $141.6 -
1960 - - $134.7 -

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

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

Cyprus' GDP per capita is $27,707, ranking 45/197, compared to $985 in Sudan, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Sudan ranks 185th at $2,116.

Economic indicators

Cyprus Sudan
Gross domestic product
$37.6B
2024
$49.7B
2024
GDP rank
103/197
2024
94/197
2024
GDP growth
3.94%
2023-2024
-14%
2023-2024
GDP per capita
$27,707
2024
$985
2024
GDP per capita rank
45/197
2024
179/197
2024
GDP per capita, PPP
$63,007
2024
$2,116
2024
GDP per capita PPP rank
29/197
2024
185/197
2024
Government debt
$24.5B
2024
$130B
2024
Debt-to-GDP ratio
65.1%
2024
261.4%
2024
Government debt per person
$18,034
2024
$2,574
2024
Government debt per person rank
34/185
2024
109/185
2024
Average annual personal income after taxes
$25,384
2026
$1,704
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
27.8%
2014
Income share by poorest 10%
3.6%
2023
3.2%
2014
Government expenditure, % of GDP
40%
2024
6.39%
2024
Consumer prices inflation
1.8%
2023-2024
138.8%
2021-2022
Unemployment rate
4.87%
2024
7.53%
2022
Population
1386362
53335233

Spending and national debt comparison by year

Cyprus
Spending

Debt
Sudan
Spending

Debt
1x
Year % of GDP
Cyprus Sudan
Government spending Government debt Government spending Government debt
2024 40% 65.1% 6.39% 261.4%
2023 42% 73.6% 8.23% 259.9%
2022 38% 81.1% 17.9% 186.9%
2021 42.6% 96.5% 9.84% 189.6%
2020 45.9% 113.6% 10.9% 278.3%
2019 40.3% 92.3% 18.7% 216.5%
2018 44.3% 100.7% 16.8% 209.8%
2017 38.4% 96.4% 12.8% 149.5%
2016 39.6% 106.8% 9.98% 109.9%
2015 43% 111.6% 12.4% 93.2%
2014 52.1% 113% 13.5% 84.4%
2013 42.1% 102.7% 15.3% 105.8%
2012 41.9% 79.2% 16.5% 117.7%
2011 42.1% 64.8% 18.2% 78.1%
2010 41.7% 55.3% 17.4% 74.6%
2009 41.9% 52.8% 18.8% 71%
2008 38.2% 44.1% 19.7% 55.8%
2007 37.6% 53.1% 19.6% 53.7%
2006 39.1% 59% 18.8% 63.7%
2005 39.7% 64% 19.7% 75.5%
2004 38.6% 64.7% 16.5% 97.8%
2003 40.4% 63% 12.5% 117.4%
2002 37.4% 61% 10.5% 121.7%
2001 35.7% 57.5% 9.87% 125.6%
2000 35% 56% 10.4% 143.2%
1999 34.3% 55.7% 8.4% 160.5%
1998 34.4% 55% 7.79% 179.7%
1997 34.2% 53.5% 7.38% 167.7%
1996 32.4% 48.8% 9.31% 220.9%
1995 30.4% 46.7% 12.9% 239%
1994 - - 19.6% 386%
1993 - - 23.7% 285.9%
1992 - - 50.4% 495%
1991 - - 45.7% -
1990 - - 31% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Cyprus' government spending was $15B, accounting for 40% of its GDP, while Sudan spent $3.17B, or 6.39% of GDP.

Debt-to-GDP ratio is 65.1% in Cyprus and 261.4% in Sudan, ranking 68/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Sudan
1x
Year Deficit/surplus, % of GDP
Cyprus Sudan
2024 4.28% -3.46%
2023 1.7% -3.7%
2022 2.65% -2.15%
2021 -1.64% -0.29%
2020 -5.57% -6.03%
2019 1.03% -10.8%
2018 -3.36% -7.92%
2017 2.13% -6.07%
2016 0.45% -3.92%
2015 -0.77% -3.87%
2014 -8.8% -4.72%
2013 -5.16% -5.76%
2012 -5.55% -7.37%
2011 -5.65% -2.33%
2010 -4.68% 0.11%
2009 -5.43% -3.8%
2008 0.87% 0.49%
2007 3.23% -2.84%
2006 -1.04% -1.32%
2005 -2.22% -1.88%
2004 -3.71% 0.16%
2003 -5.91% 0.77%
2002 -4.13% -0.69%
2001 -2.11% -0.77%
2000 -2.24% -0.7%
1999 -4.05% -0.8%
1998 -3.85% -0.56%
1997 -4.82% -0.59%
1996 -2.96% -2.61%
1995 -0.71% -3.48%
1994 - -3.03%
1993 - -8.04%
1992 - -24.5%
1991 - -26.5%
1990 - -16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/cyprus/sudan | 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 Sudan's deficit of $1.72B, or 3.46% of GDP.

Over the past 30 years, Cyprus recorded a fiscal deficit in 22 of those years, while Sudan ran a deficit in 26 years. On average, Cyprus posted an annual deficit equal to 2.27% of GDP, compared to deficit of 2.9% of GDP for Sudan.

Inflation comparison by year

Inflation
Cyprus

Sudan
1x
Year Consumer prices inflation
Cyprus Sudan
2024 1.8% -
2023 3.54% -
2022 8.4% 138.8%
2021 2.45% 359%
2020 -0.64% 163.3%
2019 0.25% 51%
2018 1.44% 63.3%
2017 0.53% 32.4%
2016 -1.43% 17.8%
2015 -2.1% 16.9%
2014 -1.35% 36.9%
2013 -0.4% 36.5%
2012 2.39% 35.6%
2011 3.29% 18.1%
2010 2.43% 13%
2009 0.33% 11.3%
2008 4.67% 14.3%
2007 2.37% 14.8%
2006 2.3% 7.2%
2005 2.56% 8.51%
2004 2.29% 9.66%
2003 4.14% 6.49%
2002 2.8% 22.2%
2001 1.97% 1.94%
2000 4.14% 7.12%
1999 1.63% 17.2%
1998 2.23% 24.6%
1997 3.61% 47.2%

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

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

Over the past 26 years, Cyprus has recorded an average annual inflation rate of 1.93%, compared with 45.2% in Sudan. In 2022, inflation was 1.8% in Cyprus and 138.8% in Sudan.

Top exports between countries

Cyprus
Export category Export value
Raw materials & minerals $23.5M
Chemicals & pharma $3.39M
Processed food, beverages & tobacco $747K
Textiles & consumer goods $45K
Machinery & equipment $31K
Metals $15K
Sudan
Export category Export value
Raw agricultural goods $326K

Balance of trade

Cyprus Sudan
Current account balance
-$3.07B
2024
-$4.44B
2022
Current account balance ranking
157/190
2024
165/190
2022
Current account balance, % of GDP
-8.16%
2024
-8.6%
2022
Goods imports
$11.9B
2024
$9.99B
2022
Goods exports
$4.43B
2024
$4.36B
2022
Service imports
$23.2B
2024
$1.59B
2022
Service exports
$32.1B
2024
$1.55B
2022
Imports of goods and services, % of GDP
93.4%
2024
1.27%
2024
Exports of goods and services, % of GDP
97%
2024
0.72%
2024

Economic freedom indices

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

Cyprus Sudan
Economic freedom 74.1 32.5
Economic freedom ranking 21/197 191/197
Property rights 85.1 6.5
Government integrity 59.7 13.8
Judicial effectiveness 89.8 2.4
Tax burden 80.8 84.7
Government spending 52.1 96.5
Fiscal health 91.5 64.6
Business freedom 82.3 27.3
Labor freedom 60.3 33.6
Monetary freedom 78.7 6.2
Trade freedom 79.4 29.6
Investment freedom 70 5
Financial freedom 60 20

Economic freedom comparison by year

Cyprus
Sudan
1x
Year Economic freedom index
Cyprus Sudan
2026 74.1 32.5
2025 73.2 35.3
2024 72.2 33.9
2023 72.3 32.8
2022 72.9 32
2021 71.4 39.1
2020 70.1 45
2019 68.1 47.7
2018 67.8 49.4
2017 67.9 48.8
2016 68.7 -
2015 67.9 -
2014 67.6 -
2013 69 -
2012 71.8 -
2011 73.3 -
2010 70.9 -
2009 70.8 -
2008 71.3 -
2007 71.7 -
2006 71.8 -
2005 71.9 -
2004 74.1 -
2003 73.3 -
2002 73 -
2001 71 -
2000 67.2 47.2
1999 67.8 39.6
1998 68.2 38.3
1997 67.9 39.9
1996 67.7 39.2
1995 - 39.4

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

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 32.5 for Sudan, ranking 191/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus Sudan
Services, % of GDP
76.5%
2024
54.7%
2024
Industry, % of GDP
11.1%
2024
23.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.16%
2024
22.2%
2024
GNI, Atlas method
$32B
2024
$35.8B
2024
GNI per capita, PPP
$56,200
2024
$2,050
2024
Total reserves including gold
$2.09B
2024
$178M
2017
Total reserves ranking
124/177
2024
171/177
2017
Net foreign direct investment
-$5.49B
2024
-$574M
2022
Net inflows of foreign direct investment
-$50.4B
2024
$548M
2023
Net outflows of foreign direct investment
-$55.9B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.42%
2024
Poverty at national poverty lines
13.9%
2021
46.5%
2020
Gross capital formation, % of GDP
20.7%
2024
2.89%
2024

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/sudan | 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 (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. TradeMap (2018–2024, 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.