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Economy of Cyprus vs Tunisia compared: GDP & Debt

Updated on by Georank

Cyprus has a GDP of $41.2B compared to $57.5B for Tunisia, ranking 103/197 and 93/197 by economy size, respectively.

Cyprus has $22.8B in government debt (55.3% of GDP), compared to $46.7B (81.3% of GDP) in Tunisia.

Cyprus vs Tunisia GDP by year

Cyprus
Tunisia
1x
Year GDP, current $
Cyprus Tunisia
2025 $41,225,787,247 $57,502,836,548
2024 $37,634,551,821 $51,412,122,480
2023 $35,075,440,603 $48,205,328,303
2022 $31,218,047,044 $44,929,920,093
2021 $30,372,637,513 $47,073,234,359
2020 $25,555,082,267 $42,491,780,918
2019 $26,196,660,680 $41,905,642,419
2018 $25,754,011,492 $42,686,504,460
2017 $22,946,583,376 $42,163,530,591
2016 $21,046,452,117 $44,360,072,680
2015 $19,909,269,065 $45,779,494,042
2014 $23,225,912,183 $50,271,812,921
2013 $23,959,708,956 $48,685,446,414
2012 $25,047,433,100 $47,311,401,813
2011 $27,641,553,201 $48,123,325,825
2010 $25,799,940,416 $46,206,091,938
2009 $26,048,190,775 $43,455,740,497
2008 $27,958,384,913 $44,859,439,902
2007 $23,968,727,074 $38,915,353,867
2006 $20,072,754,987 $34,376,664,601
2005 $18,433,412,511 $32,272,186,695
2004 $17,320,551,250 $31,183,885,241
2003 $14,547,329,558 $27,453,902,261
2002 $11,420,228,846 $23,141,616,605
2001 $10,397,898,907 $22,065,832,449
2000 $9,985,847,314 $21,473,528,161
1999 $10,497,907,228 $22,943,202,175
1998 $10,248,618,778 $21,802,893,587
1997 $9,547,816,420 $20,746,210,354
1996 $10,011,914,680 $19,587,161,807
1995 $9,933,137,128 $18,030,876,599
1994 $7,425,703,929 $15,633,174,304
1993 $6,590,291,048 $14,608,335,608
1992 $6,912,150,456 $15,496,708,060
1991 $5,770,197,348 $13,074,782,609
1990 $5,591,130,218 $12,290,568,182
1989 $4,563,482,604 $10,101,851,745
1988 $4,278,792,597 $10,096,245,762
1987 $3,704,813,886 $9,696,715,911
1986 $3,090,734,463 $9,017,806,654
1985 $2,430,411,900 $8,410,226,053
1984 $2,278,248,953 $8,254,541,195
1983 $2,160,364,071 $8,350,582,748
1982 $2,159,242,417 $8,133,580,052
1981 $2,087,496,374 $8,428,445,294
1980 $2,154,311,277 $8,744,134,354
1979 $1,288,699,776 $7,188,863,904
1978 $964,024,364 $5,968,460,080
1977 $734,876,021 $5,109,324,009
1976 $576,090,074 $4,508,191,942
1975 $489,912,574 $4,328,965,588
1974 - $3,545,868,575
1973 - $2,730,813,385
1972 - $2,237,556,149
1971 - $1,685,162,272
1970 - $1,439,238,095
1969 - $1,289,904,762
1968 - $1,214,666,667
1967 - $1,085,714,286
1966 - $1,040,952,381
1965 - $991,047,619
1964 - $1,025,866,792
1963 - $1,026,737,600
1962 - $880,027,733
1961 - $866,155,429

Data sources: World Bank | Economy & Growth (1961–2025, retrieved 2026-07-08).

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

GDP per capita in Cyprus vs Tunisia by year

Cyprus
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,075 - $4,657 -
2024 $27,707 $63,007 $4,188 $14,521
2023 $26,079 $59,875 $3,951 $14,041
2022 $23,448 $55,876 $3,707 $13,619
2021 $23,057 $47,633 $3,907 $12,444
2020 $19,624 $42,569 $3,549 $11,918
2019 $20,360 $44,394 $3,529 $12,495
2018 $20,267 $40,262 $3,628 $11,841
2017 $18,295 $37,768 $3,619 $11,289
2016 $17,013 $35,247 $3,848 $10,994
2015 $16,326 $31,380 $4,015 $10,783
2014 $19,326 $29,893 $4,459 $10,947
2013 $20,238 $30,416 $4,370 $10,672
2012 $21,493 $31,924 $4,297 $10,615
2011 $24,110 $33,406 $4,421 $10,436
2010 $22,876 $33,502 $4,292 $10,555
2009 $23,480 $33,901 $4,080 $10,237
2008 $25,626 $34,830 $4,255 $9,975
2007 $22,344 $32,888 $3,727 $9,479
2006 $19,037 $30,009 $3,323 $8,729
2005 $17,790 $27,763 $3,147 $8,117
2004 $17,016 $25,942 $3,067 $7,672
2003 $14,553 $24,278 $2,726 $7,098
2002 $11,636 $23,556 $2,321 $6,715
2001 $10,785 $22,866 $2,236 $6,593
2000 $10,537 $21,296 $2,199 $6,279
1999 $11,273 $19,663 $2,376 $5,930
1998 $11,206 $18,760 $2,285 $5,579
1997 $10,637 $17,781 $2,202 $5,333
1996 $11,373 $17,320 $2,107 $5,040
1995 $11,514 $17,096 $1,968 $4,686
1994 $8,791 $15,735 $1,733 $4,555
1993 $7,978 $14,852 $1,649 $4,401
1992 $8,530 $14,759 $1,785 $4,292
1991 $7,222 $13,546 $1,538 $3,975
1990 $7,092 $13,348 $1,476 $3,780
1989 $5,870 - $1,239 -
1988 $5,584 - $1,266 -
1987 $4,908 - $1,245 -
1986 $4,159 - $1,187 -
1985 $3,324 - $1,135 -
1984 $3,167 - $1,143 -
1983 $3,055 - $1,184 -
1982 $3,100 - $1,177 -
1981 $3,030 - $1,247 -
1980 $3,154 - $1,324 -
1979 $1,902 - $1,113 -
1978 $1,434 - $946 -
1977 $1,102 - $830 -
1976 $870 - $752 -
1975 $743 - $741 -
1974 - - $624 -
1973 - - $493 -
1972 - - $415 -
1971 - - $320 -
1970 - - $280.5 -
1969 - - $257.7 -
1968 - - $248.9 -
1967 - - $228 -
1966 - - $223.8 -
1965 - - $217.3 -
1964 - - $228.5 -
1963 - - $231.9 -
1962 - - $201.4 -
1961 - - $200.7 -

Data sources: World Bank | Economy & Growth (1961–2025, retrieved 2026-07-08).

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

Cyprus' GDP per capita is $30,075, ranking 45/197, compared to $4,657 in Tunisia, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Tunisia ranks 114th at $14,521.

Economic indicators

Cyprus Tunisia
Gross domestic product
$41.2B
2025
$57.5B
2025
GDP rank
103/197
2025
93/197
2025
GDP growth
3.77%
2024-2025
2.49%
2024-2025
GDP per capita
$30,075
2025
$4,657
2025
GDP per capita rank
45/197
2025
127/197
2025
GDP per capita, PPP
$63,007
2024
$14,521
2024
GDP per capita PPP rank
29/197
2024
114/197
2024
Government debt
$22.8B
2025
$46.7B
2025
Debt-to-GDP ratio
55.3%
2025
81.3%
2025
Government debt per person
$16,632
2025
$3,785
2025
Government debt per person rank
40/185
2025
95/185
2025
Average annual personal income after taxes
$24,626
2026
$4,193
2026
Market capitalization of domestic companies
$27.9B
2025
$12B
2025
Number of millionaires
24,000
2026
n/a
Number of billionaires
10
2026
n/a
Income share by richest 10%
26.3%
2023
27%
2021
Income share by poorest 10%
3.6%
2023
3.1%
2021
Government expenditure, % of GDP
40.4%
2025
34%
2025
Consumer prices inflation
0.13%
2024-2025
5.3%
2024-2025
Central bank interest rate n/a
7.5%
2025
Unemployment rate
4.4%
2025
15.1%
2023
Population
1388591
12450912

Spending and national debt comparison by year

Cyprus
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Cyprus Tunisia
Government spending Government debt Government spending Government debt
2025 40.4% 55.3% 34% 81.3%
2024 38.3% 62.8% 35.8% 85.7%
2023 40.6% 71.1% 35.9% 84%
2022 37.7% 80.3% 36.6% 83%
2021 42.7% 96.5% 33.4% 79.7%
2020 45.9% 113.6% 34.5% 77.7%
2019 40.3% 92.3% 29.5% 67.3%
2018 44.3% 100.7% 28.7% 72.9%
2017 38.4% 96.4% 28.7% 67.1%
2016 39.6% 106.8% 27.2% 58.9%
2015 43% 111.6% 27.4% 52.4%
2014 52.1% 113% 27.7% 50.7%
2013 42.1% 102.7% 30.8% 45.6%
2012 41.9% 79.2% 28.3% 49%
2011 42.1% 64.8% 27.9% 43.3%
2010 41.7% 55.3% 24% 38.8%
2009 41.9% 52.8% 24.6% 40.3%
2008 38.2% 44.1% 23.7% 41.4%
2007 37.6% 53.1% 23.3% 42.7%
2006 39.1% 59% 22.9% 45.7%
2005 39.7% 64% 23% 50%
2004 38.6% 64.7% 23% 51.6%
2003 40.4% 63% 23.5% 52.6%
2002 37.4% 61% 24.1% 51.6%
2001 35.7% 57.5% 24% 52.2%
2000 35% 56% 24% 62.9%
1999 34.3% 55.7% 24% 61.9%
1998 34.4% 55% 24.2% 58.2%
1997 34.2% 53.5% 24.5% 66.6%
1996 32.4% 48.8% 26.7% 66.8%
1995 30.4% 46.7% 26.6% 65.6%
1994 - - 25.9% 63.9%
1993 - - 26.7% 63.8%
1992 - - 25.7% 62.1%
1991 - - 27.6% 63.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

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

In 2025, Cyprus' government spending was $16.7B, accounting for 40.4% of its GDP, while Tunisia spent $19.6B, or 34% of GDP.

Debt-to-GDP ratio is 55.3% in Cyprus and 81.3% in Tunisia, ranking 89/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Tunisia
1x
Year Deficit/surplus, % of GDP
Cyprus Tunisia
2025 2.99% -5.24%
2024 4.14% -6.36%
2023 1.71% -7.27%
2022 2.69% -7%
2021 -1.59% -7.81%
2020 -5.57% -9.06%
2019 1.03% -3.6%
2018 -3.36% -4.27%
2017 2.13% -5.61%
2016 0.45% -5.87%
2015 -0.77% -4.95%
2014 -8.8% -3.11%
2013 -5.16% -7.05%
2012 -5.55% -4.9%
2011 -5.65% -3.19%
2010 -4.68% -0.46%
2009 -5.43% -2.59%
2008 0.87% -0.62%
2007 3.23% -2.47%
2006 -1.04% -2.33%
2005 -2.22% -2.59%
2004 -3.71% -2.1%
2003 -5.91% -2.64%
2002 -4.13% -2.55%
2001 -2.11% -2.87%
2000 -2.24% -3.22%
1999 -4.05% -3.05%
1998 -3.85% -2.84%
1997 -4.82% -3.7%
1996 -2.96% -5.18%
1995 -0.71% -4.53%
1994 - -2.87%
1993 - -3.22%
1992 - -3.45%
1991 - -5.25%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/cyprus/tunisia | 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 Tunisia's deficit of $3.01B, or 5.24% of GDP.

Over the past 31 years, Cyprus recorded a fiscal deficit in 22 of those years, while Tunisia ran a deficit in 31 years. On average, Cyprus posted an annual deficit equal to 2.1% of GDP, compared to deficit of 4.16% of GDP for Tunisia.

Inflation comparison by year

Inflation
Cyprus

Tunisia
1x
Year Consumer prices inflation
Cyprus Tunisia
2025 0.13% 5.3%
2024 1.8% 7%
2023 3.54% 9.3%
2022 8.4% 8.3%
2021 2.45% 5.7%
2020 -0.64% 5.6%
2019 0.25% 6.7%
2018 1.44% 7.3%
2017 0.53% 5.3%
2016 -1.43% 3.6%
2015 -2.1% 4.4%
2014 -1.35% 4.6%
2013 -0.4% 5.4%
2012 2.39% 4.6%
2011 3.29% 3.2%
2010 2.43% 4.4%
2009 0.33% 3.5%
2008 4.67% 4.9%
2007 2.37% 3.4%
2006 2.3% 4.1%
2005 2.56% 1.9%
2004 2.29% 3.7%
2003 4.14% 2.7%
2002 2.8% 2.7%
2001 1.97% 1.9%
2000 4.14% 2.8%
1999 1.63% 2.8%
1998 2.23% 3.1%
1997 3.61% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Cyprus has recorded an average annual inflation rate of 1.92%, compared with 4.54% in Tunisia. In 2025, inflation was 0.13% in Cyprus and 5.3% in Tunisia.

Top exports between countries

Cyprus
Export category Export value
Chemicals & pharma $2.75M
Processed food, beverages & tobacco $411K
Machinery & equipment $337K
Textiles & consumer goods $45K
Miscellaneous $7K
Animal & marine products $1K
Tunisia
Export category Export value
Raw materials & minerals $4.69M
Machinery & equipment $409K
Wood & paper products $306K
Raw agricultural goods $259K
Chemicals & pharma $181K
Animal & marine products $143K
Textiles & consumer goods $67K
Processed food, beverages & tobacco $27K
Metals $18K

Balance of trade

Cyprus Tunisia
Current account balance
-$2.59B
2025
-$775M
2024
Current account balance ranking
149/190
2025
111/190
2024
Current account balance, % of GDP
-6.29%
2025
-1.51%
2024
Goods imports
$12.6B
2025
$18.7B
2024
Goods exports
$4.62B
2025
$8.95B
2024
Service imports
$25.3B
2025
$3.92B
2024
Service exports
$35.7B
2025
$11.2B
2024
Imports of goods and services, % of GDP
91.9%
2025
54.8%
2025
Exports of goods and services, % of GDP
97.6%
2025
46.7%
2025

Economic freedom indices

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

Cyprus Tunisia
Economic freedom 74.1 48.1
Economic freedom ranking 21/197 172/197
Property rights 85.1 55.7
Government integrity 59.7 42.1
Judicial effectiveness 89.8 39.7
Tax burden 80.8 68.5
Government spending 52.1 62.5
Fiscal health 91.5 16
Business freedom 82.3 59.4
Labor freedom 60.3 55.8
Monetary freedom 78.7 72.4
Trade freedom 79.4 54.6
Investment freedom 70 20
Financial freedom 60 30

Economic freedom comparison by year

Cyprus
Tunisia
1x
Year Economic freedom index
Cyprus Tunisia
2026 74.1 48.1
2025 73.2 49.1
2024 72.2 48.8
2023 72.3 52.9
2022 72.9 54.2
2021 71.4 56.6
2020 70.1 55.8
2019 68.1 55.4
2018 67.8 58.9
2017 67.9 55.7
2016 68.7 57.6
2015 67.9 57.7
2014 67.6 57.3
2013 69 57
2012 71.8 58.6
2011 73.3 58.5
2010 70.9 58.9
2009 70.8 58
2008 71.3 60.1
2007 71.7 60.3
2006 71.8 57.5
2005 71.9 55.4
2004 74.1 58.4
2003 73.3 58.1
2002 73 60.2
2001 71 60.8
2000 67.2 61.3
1999 67.8 61.1
1998 68.2 63.9
1997 67.9 63.8
1996 67.7 63.9
1995 - 63.4

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

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus Tunisia
Services, % of GDP
76.8%
2025
62.7%
2025
Industry, % of GDP
11.1%
2025
22%
2025
Agriculture, forestry, and fishing, % of GDP
1.12%
2025
10.3%
2025
GNI, Atlas method
$35.6B
2025
$53B
2025
GNI per capita, PPP
$57,390
2025
$14,870
2025
Total reserves including gold
$2.95B
2025
$9.34B
2024
Total reserves ranking
121/177
2025
84/177
2024
Net foreign direct investment
-$9.59B
2025
-$725M
2024
Net inflows of foreign direct investment
-$50.4B
2024
$760M
2024
Net outflows of foreign direct investment
-$55.9B
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI n/a
10.9%
2024
Poverty at national poverty lines
13.9%
2021
16.6%
2021
Gross capital formation, % of GDP
19.3%
2025
15.2%
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/tunisia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1961–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, 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. TradeMap (2022–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.