FAMAGUSTA GAZETTE – Cyprus achieved the second-highest public surplus among European Union countries in 2024, according to data released by Eurostat.
Denmark led with a surplus of 4.5% of GDP, followed by Ireland and Cyprus, each at 4.3%.
Greece ranked fourth with 1.3%, while Romania recorded the largest deficit at 9.3%.
Cyprus also reduced its public debt significantly, falling from 73.6% of GDP in 2023 to 65% by the end of 2024.
Meanwhile, five EU countries—Greece, Italy, France, Belgium, and Spain—posted public debt levels exceeding 100% of GDP, with Greece topping the list at 153.6%.