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23 April, 2024
 
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Fiscal surplus of €570.2 mn and 86.5% debt to GDP ratio in 2022

Cyprus' 2022 fiscal results revealed

Source: CNA

The Statistical Service announced on Friday a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal debt of €23,371.1 mn, which corresponds to 86.5% of GDP.

The above data are the preliminary financial results for 2022, which have been audited and verified within the Excessive Deficit Procedure framework of the European Commission.

Moreover, GDP at current prices for the year 2022 has been revised due to revised data on public finance and balance of payments and is estimated at €27,006.4 mn. The annual change at current prices is estimated at 12.4%.

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Cyprus  |  economy

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