Cyprus vs Faroe Islands: Taxes less subsidies on products
Taxes less subsidies on products over time
- Cyprus
- Faroe Islands
How they compare
Cyprus currently reports 3.97 billion current LCU against 3.30 billion current LCU in Faroe Islands, a difference of 674.26 million current LCU.
That makes Cyprus's figure about 1.2 times Faroe Islands's.
The two have swapped places 3 times across 27 shared years of data; in 1998 it was Faroe Islands ahead.
Cyprus ranks 151st and Faroe Islands ranks 152nd of 199 countries.
Across the 4 decades both report, Cyprus averaged higher in 3 and Faroe Islands in 1.
Head to head by decade
| Decade | Cyprus | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 681.95 million current LCU | 1.03 billion current LCU | 347.30 million current LCU | Faroe Islands |
| 2000s | 1.75 billion current LCU | 1.49 billion current LCU | 262.92 million current LCU | Cyprus |
| 2010s | 2.37 billion current LCU | 1.93 billion current LCU | 436.63 million current LCU | Cyprus |
| 2020s | 3.24 billion current LCU | 2.94 billion current LCU | 304.16 million current LCU | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes less subsidies on products, Cyprus or Faroe Islands?
- Cyprus, at 3.97 billion current LCU against 3.30 billion current LCU in Faroe Islands as of 2025.
- What is the difference in taxes less subsidies on products between Cyprus and Faroe Islands?
- 674.26 million current LCU, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and Faroe Islands?
- 27 years are reported by both, from 1998 to 2024.
- How do Cyprus and Faroe Islands rank globally for taxes less subsidies on products?
- Cyprus ranks 151st and Faroe Islands ranks 152nd of 199 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Taxes less subsidies on products (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.