Filenews 23 April 2025
Cyprus recorded the second highest surplus rate in the EU in 2024, according to data published by Eurostat on Tuesday, behind Denmark and tied with Ireland.
In particular, as Eurostat reports, 21 out of 27 Member States recorded a deficit, with 12 of them recording deficits equal to or greater than 3% of their GDP. In the eurozone, the public deficit decreased from 3.5% in 2023 to 3.1% in 2024 and in the EU from 3.5% to 3.2%.
The largest surplus rate was recorded by Denmark with 4.5%, followed by Cyprus and Ireland with 4.3%, Greece with 1.3%, Luxembourg with 1% and Portugal with 0.7%.
The largest deficit rate was recorded by Romania with 9.3%, followed by Poland with 6.6%, France with 5.8% and Slovakia with 5.3%.
Cyprus also recorded a significant decrease in its public debt, which at the end of 2024 decreased to 65% of its GDP, from 73.6% in 2023, falling, in absolute numbers, from €23,081 million. to €21,828 million.
Public debt in the euro area increased to 87.4% at the end of 2024 from 87.3% in 2023 and in the EU to 81%, slightly increased from 80.8% at the end of 2023. Overall, 12 of the 27 Member States had a debt of more than 60% of their GDP. The largest public debt at the end of 2024, as a percentage of its GDP, was held by Greece with 153.6%, Italy with 135.3%, France with 113%, Belgium with 104.7% and Spain with 101.8%.
Estonia had the lowest public debt with 23.6% of GDP, Bulgaria with 24.1%, Luxembourg with 26.3%, Denmark with 31.1%, Sweden with 33.5% and Lithuania with 38.2%.
