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Economy of Cyprus vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Cyprus has a GDP of $41.2B compared to $147B for Uzbekistan, ranking 103/197 and 61/197 by economy size, respectively.

Cyprus has $22.8B in government debt (55.3% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Cyprus vs Uzbekistan GDP by year

Cyprus
Uzbekistan
1x
Year GDP, current $
Cyprus Uzbekistan
2025 $41,225,787,247 $147,038,081,129
2024 $37,634,551,821 $121,356,065,241
2023 $35,075,440,603 $107,526,539,716
2022 $31,218,047,044 $94,286,355,836
2021 $30,372,637,513 $81,170,051,811
2020 $25,555,082,267 $70,127,127,133
2019 $26,196,660,680 $70,170,662,563
2018 $25,754,011,492 $61,318,332,403
2017 $22,946,583,376 $72,276,404,058
2016 $21,046,452,117 $97,871,364,319
2015 $19,909,269,065 $97,564,568,987
2014 $23,225,912,183 $91,303,765,114
2013 $23,959,708,956 $82,674,178,352
2012 $25,047,433,100 $75,318,846,931
2011 $27,641,553,201 $67,404,618,405
2010 $25,799,940,416 $55,544,226,553
2009 $26,048,190,775 $33,689,223,673
2008 $27,958,384,913 $29,549,438,884
2007 $23,968,727,074 $22,311,393,928
2006 $20,072,754,987 $17,330,833,853
2005 $18,433,412,511 $14,307,509,839
2004 $17,320,551,250 $12,030,023,548
2003 $14,547,329,558 $10,134,453,435
2002 $11,420,228,846 $9,687,788,513
2001 $10,397,898,907 $11,401,421,329
2000 $9,985,847,314 $13,760,513,969
1999 $10,497,907,228 $17,078,465,982
1998 $10,248,618,778 $14,988,971,211
1997 $9,547,816,420 $14,744,603,774
1996 $10,011,914,680 $13,948,892,216
1995 $9,933,137,128 $13,350,461,265
1994 $7,425,703,929 $12,899,074,922
1993 $6,590,291,048 $13,099,920,056
1992 $6,912,150,456 $12,953,801,760
1991 $5,770,197,348 $13,800,167,712
1990 $5,591,130,218 $13,362,340,338
1989 $4,563,482,604 $11,948,815,258
1988 $4,278,792,597 $10,722,799,639
1987 $3,704,813,886 $8,523,160,593
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/uzbekistan | CC BY

GDP per capita in Cyprus vs Uzbekistan by year

Cyprus
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cyprus Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,075 - $3,968 -
2024 $27,707 $63,007 $3,337 $11,879
2023 $26,079 $59,875 $3,016 $11,107
2022 $23,448 $55,876 $2,699 $10,293
2021 $23,057 $47,633 $2,370 $9,248
2020 $19,624 $42,569 $2,088 $8,452
2019 $20,360 $44,394 $2,129 $8,544
2018 $20,267 $40,262 $1,894 $8,129
2017 $18,295 $37,768 $2,271 $7,818
2016 $17,013 $35,247 $3,128 $6,919
2015 $16,326 $31,380 $3,173 $6,800
2014 $19,326 $29,893 $3,021 $6,610
2013 $20,238 $30,416 $2,781 $6,413
2012 $21,493 $31,924 $2,574 $6,168
2011 $24,110 $33,406 $2,339 $5,949
2010 $22,876 $33,502 $1,957 $5,505
2009 $23,480 $33,901 $1,206 $5,135
2008 $25,626 $34,830 $1,075 $4,800
2007 $22,344 $32,888 $824 $4,386
2006 $19,037 $30,009 $649 $3,956
2005 $17,790 $27,763 $543 $3,618
2004 $17,016 $25,942 $462 $3,321
2003 $14,553 $24,278 $394 $3,047
2002 $11,636 $23,556 $381 $2,902
2001 $10,785 $22,866 $454 $2,782
2000 $10,537 $21,296 $555 $2,644
1999 $11,273 $19,663 $698 $2,522
1998 $11,206 $18,760 $621 $2,418
1997 $10,637 $17,781 $621 $2,329
1996 $11,373 $17,320 $597 $2,214
1995 $11,514 $17,096 $583 $2,178
1994 $8,791 $15,735 $574 $2,197
1993 $7,978 $14,852 $596 $2,318
1992 $8,530 $14,759 $603 $2,371
1991 $7,222 $13,546 $658 $2,676
1990 $7,092 $13,348 $653 $2,665
1989 $5,870 - $598 -
1988 $5,584 - $551 -
1987 $4,908 - $450 -
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/uzbekistan | CC BY

Cyprus' GDP per capita is $30,075, ranking 45/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Cyprus ranks 29th at $63,007, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Cyprus Uzbekistan
Gross domestic product
$41.2B
2025
$147B
2025
GDP rank
103/197
2025
61/197
2025
GDP growth
3.77%
2024-2025
7.7%
2024-2025
GDP per capita
$30,075
2025
$3,968
2025
GDP per capita rank
45/197
2025
134/197
2025
GDP per capita, PPP
$63,007
2024
$11,879
2024
GDP per capita PPP rank
29/197
2024
125/197
2024
Government debt
$22.8B
2025
$42B
2025
Debt-to-GDP ratio
55.3%
2025
28.6%
2025
Government debt per person
$16,632
2025
$1,134
2025
Government debt per person rank
40/185
2025
139/185
2025
Average annual personal income after taxes
$24,626
2026
$3,560
2026
Market capitalization of domestic companies
$27.9B
2025
$23.7B
2025
Number of millionaires
24,000
2026
n/a
Number of billionaires
10
2026
n/a
Income share by richest 10%
26.3%
2023
24.2%
2025
Income share by poorest 10%
3.6%
2023
2.4%
2025
Government expenditure, % of GDP
40.4%
2025
27.4%
2025
Consumer prices inflation
0.13%
2024-2025
8.8%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
4.4%
2025
5.29%
2020
Population
1388591
38082870

Spending and national debt comparison by year

Cyprus
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Cyprus Uzbekistan
Government spending Government debt Government spending Government debt
2025 40.4% 55.3% 27.4% 28.6%
2024 38.3% 62.8% 26.1% 30.9%
2023 40.6% 71.1% 28.6% 30.7%
2022 37.7% 80.3% 30% 29.2%
2021 42.7% 96.5% 26.1% 30.2%
2020 45.9% 113.6% 24.7% 31.9%
2019 40.3% 92.3% 23.4% 24.3%
2018 44.3% 100.7% 21.2% 16.7%
2017 38.4% 96.4% 19.9% 17.3%
2016 39.6% 106.8% 20.5% 7.21%
2015 43% 111.6% 21.7% 5.94%
2014 52.1% 113% 22% 5.39%
2013 42.1% 102.7% 22.3% 5.51%
2012 41.9% 79.2% 21.5% 6.06%
2011 42.1% 64.8% 21.1% 5.65%
2010 41.7% 55.3% 23.7% 5.92%
2009 41.9% 52.8% 24.7% 6.57%
2008 38.2% 44.1% 23.8% 7.5%
2007 37.6% 53.1% 22.4% 8.6%
2006 39.1% 59% 22.3% 12.2%
2005 39.7% 64% 25.3% 18.9%
2004 38.6% 64.7% 26.5% 24.2%
2003 40.4% 63% 28.4% 28.3%
2002 37.4% 61% 31.2% 37.5%
2001 35.7% 57.5% 27.6% 40.4%
2000 35% 56% 29.6% 26.5%
1999 34.3% 55.7% 30.3% 16.6%
1998 34.4% 55% 31.6% 16.2%
1997 34.2% 53.5% 28.7% 13.8%
1996 32.4% 48.8% 31.6% -
1995 30.4% 46.7% 26.5% -
1994 - - 24.4% -
1993 - - 35.6% -
1992 - - 16.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Cyprus' government spending was $16.7B, accounting for 40.4% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 55.3% in Cyprus and 28.6% in Uzbekistan, ranking 89/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Cyprus

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Cyprus Uzbekistan
2025 2.99% -1.66%
2024 4.14% -2.25%
2023 1.71% -3.85%
2022 2.69% -3.49%
2021 -1.59% -3.9%
2020 -5.57% -2.8%
2019 1.03% -0.29%
2018 -3.36% 1.57%
2017 2.13% 1.04%
2016 0.45% 0.62%
2015 -0.77% -0.24%
2014 -8.8% 1.68%
2013 -5.16% 1.9%
2012 -5.55% 5.28%
2011 -5.65% 4.56%
2010 -4.68% 2.29%
2009 -5.43% 1.64%
2008 0.87% 5.38%
2007 3.23% 3.2%
2006 -1.04% 2.45%
2005 -2.22% -3.17%
2004 -3.71% -3.37%
2003 -5.91% -4.39%
2002 -4.13% -5.69%
2001 -2.11% -2.95%
2000 -2.24% -3.29%
1999 -4.05% -2.62%
1998 -3.85% -2.74%
1997 -4.82% -1.85%
1996 -2.96% -1.41%
1995 -0.71% -1.59%
1994 - -4.03%
1993 - -10.8%
1992 - 6.44%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

GeoRank.org/economy/cyprus/uzbekistan | 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 Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 31 years, Cyprus recorded a fiscal deficit in 22 of those years, while Uzbekistan ran a deficit in 19 years. On average, Cyprus posted an annual deficit equal to 2.1% of GDP, compared to deficit of 0.64% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Cyprus

Uzbekistan
1x
Year Consumer prices inflation
Cyprus Uzbekistan
2025 0.13% 8.8%
2024 1.8% 9.6%
2023 3.54% 10%
2022 8.4% 11.4%
2021 2.45% 10.8%
2020 -0.64% 12.9%
2019 0.25% 14.5%
2018 1.44% 17.5%
2017 0.53% 13.9%
2016 -1.43% 8.8%
2015 -2.1% 8.5%
2014 -1.35% 9.1%
2013 -0.4% 11.7%
2012 2.39% 11.9%
2011 3.29% 12.4%
2010 2.43% 12.3%
2009 0.33% 12.3%
2008 4.67% 13.1%
2007 2.37% 11.2%
2006 2.3% 13.1%
2005 2.56% 10.7%
2004 2.29% 7.3%
2003 4.14% 12.5%
2002 2.8% 27.3%
2001 1.97% 27.3%
2000 4.14% 25%
1999 1.63% 29.1%
1998 2.23% 29%
1997 3.61% 70.9%

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/uzbekistan | CC BY

Over the past 29 years, Cyprus has recorded an average annual inflation rate of 1.92%, compared with 16.3% in Uzbekistan. In 2025, inflation was 0.13% in Cyprus and 8.8% in Uzbekistan.

Top exports between countries

Cyprus
Export category Export value
Machinery & equipment $307K
Chemicals & pharma $66K
Processed food, beverages & tobacco $24K
Textiles & consumer goods $16K
Miscellaneous $6K
Metals $5K
Uzbekistan
Export category Export value
Machinery & equipment $45.1M
Manufacturing & construction services $254K
Raw materials & minerals $77K
Raw agricultural goods $36K
Textiles & consumer goods $35K

Balance of trade

Cyprus Uzbekistan
Current account balance
-$2.59B
2025
-$5.78B
2025
Current account balance ranking
149/190
2025
167/190
2025
Current account balance, % of GDP
-6.29%
2025
-3.93%
2025
Goods imports
$12.6B
2025
$38.5B
2025
Goods exports
$4.62B
2025
$23B
2025
Service imports
$25.3B
2025
$13.6B
2025
Service exports
$35.7B
2025
$9.27B
2025
Imports of goods and services, % of GDP
91.9%
2025
35.4%
2025
Exports of goods and services, % of GDP
97.6%
2025
22%
2025

Economic freedom indices

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

Cyprus Uzbekistan
Economic freedom 74.1 60.3
Economic freedom ranking 21/197 94/197
Property rights 85.1 43.1
Government integrity 59.7 32
Judicial effectiveness 89.8 13.7
Tax burden 80.8 95
Government spending 52.1 73.7
Fiscal health 91.5 79.9
Business freedom 82.3 62.5
Labor freedom 60.3 48.4
Monetary freedom 78.7 65.1
Trade freedom 79.4 80.6
Investment freedom 70 70
Financial freedom 60 60

Economic freedom comparison by year

Cyprus
Uzbekistan
1x
Year Economic freedom index
Cyprus Uzbekistan
2026 74.1 60.3
2025 73.2 58
2024 72.2 55.9
2023 72.3 56.5
2022 72.9 55.7
2021 71.4 58.3
2020 70.1 57.2
2019 68.1 53.3
2018 67.8 51.5
2017 67.9 52.3
2016 68.7 46
2015 67.9 47
2014 67.6 46.5
2013 69 46
2012 71.8 45.8
2011 73.3 45.8
2010 70.9 47.5
2009 70.8 50.5
2008 71.3 51.9
2007 71.7 51.5
2006 71.8 48.7
2005 71.9 45.8
2004 74.1 39.1
2003 73.3 38.3
2002 73 38.5
2001 71 38.2
2000 67.2 38.1
1999 67.8 33.8
1998 68.2 31.5
1997 67.9 -
1996 67.7 -

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

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

The Economic Freedom Index for Cyprus is 74.1, ranking 21/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cyprus Uzbekistan
Services, % of GDP
76.8%
2025
46.5%
2025
Industry, % of GDP
11.1%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
1.12%
2025
16.6%
2025
GNI, Atlas method
$35.6B
2025
$136B
2025
GNI per capita, PPP
$57,390
2025
$13,640
2025
Total reserves including gold
$2.95B
2025
$41.2B
2024
Total reserves ranking
121/177
2025
53/177
2024
Net foreign direct investment
-$9.59B
2025
-$4.24B
2025
Net inflows of foreign direct investment
-$50.4B
2024
$2.97B
2024
Net outflows of foreign direct investment
-$55.9B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.37%
2024
Poverty at national poverty lines
13.9%
2021
5.8%
2025
Gross capital formation, % of GDP
19.3%
2025
33.3%
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/uzbekistan | 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 (1992–2025, 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. TradeMap (2020–2025, 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.