Expense in Cyprus
Cyprus: Expense was 38.5% in 2023. ▲ Rising
Expense in Cyprus, 1975–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for expense in Cyprus is 38.5%, measured in 2023.
Compared with earlier readings it is up 6.2% on the previous year and down 14.4% over ten years.
Over the whole period, expense in Cyprus peaked at 52.6% in 2012 and was at its lowest, 22.5%, in 1979.
That places Cyprus 23rd out of 157 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 49 years of available data.
Expense in Cyprus, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 30.2% | — |
| 1976 | 25.9% | -14.3% |
| 1977 | 23.3% | -9.8% |
| 1978 | 23.7% | +1.7% |
| 1979 | 22.5% | -5.2% |
| 1980 | 24.5% | +8.9% |
| 1981 | 25.7% | +5.0% |
| 1982 | 26.8% | +4.0% |
| 1983 | 30.5% | +14.2% |
| 1984 | 26.7% | -12.7% |
| 1985 | 27.2% | +2.0% |
| 1986 | 25.3% | -7.1% |
| 1987 | 27.4% | +8.3% |
| 1988 | 27.7% | +1.2% |
| 1989 | 27.5% | -0.8% |
| 1990 | 29.5% | +7.4% |
| 1991 | 30.4% | +3.1% |
| 1992 | 29.7% | -2.4% |
| 1993 | 29.4% | -1.0% |
| 1994 | 29.8% | +1.6% |
| 1995 | 28.5% | -4.6% |
| 1996 | 29.7% | +4.4% |
| 1997 | 31.2% | +4.9% |
| 1998 | 33.2% | +6.7% |
| 1999 | 32.8% | -1.4% |
| 2000 | 33.3% | +1.6% |
| 2001 | 33.9% | +1.8% |
| 2002 | 35.5% | +4.5% |
| 2003 | 38.9% | +9.8% |
| 2004 | 37.5% | -3.8% |
| 2005 | 38.5% | +2.9% |
| 2006 | 38.0% | -1.3% |
| 2007 | 37.3% | -1.8% |
| 2008 | 38.0% | +1.7% |
| 2009 | 40.8% | +7.5% |
| 2010 | 40.6% | -0.5% |
| 2011 | 41.9% | +3.1% |
| 2012 | 52.6% | +25.7% |
| 2013 | 44.9% | -14.7% |
| 2014 | 50.9% | +13.3% |
| 2015 | 41.7% | -18.0% |
| 2016 | 38.1% | -8.6% |
| 2017 | 36.8% | -3.4% |
| 2018 | 40.3% | +9.5% |
| 2019 | 38.5% | -4.5% |
| 2020 | 43.7% | +13.5% |
| 2021 | 40.7% | -6.9% |
| 2022 | 36.2% | -11.0% |
| 2023 | 38.5% | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.1% | 22.5% | 30.2% | 5 |
| 1980s | 26.9% | 24.5% | 30.5% | 10 |
| 1990s | 30.4% | 28.5% | 33.2% | 10 |
| 2000s | 37.2% | 33.3% | 40.8% | 10 |
| 2010s | 42.6% | 36.8% | 52.6% | 10 |
| 2020s | 39.8% | 36.2% | 43.7% | 4 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.45 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Net primary income (Net income from abroad) (current LCU), annual -8.14 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 6.22 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1089 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 3,276 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 1.74 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0964 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 2,899 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1.59 (2007)
Frequently asked questions
- What is expense in Cyprus?
- Expense in Cyprus was 38.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Cyprus?
- The highest recorded value was 52.6% in 2012.
- What is the lowest expense recorded in Cyprus?
- The lowest recorded value was 22.5% in 1979.
- How does Cyprus rank for expense?
- Cyprus ranks 23rd out of 157 countries with data for 2023.
- Is expense rising or falling in Cyprus?
- Over the last ten years it is down 14.4%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.