Government revenues as a share of GDP in Cyprus
Cyprus: Government revenues as a share of GDP was 45.9% in 2023. ▲ Rising
Government revenues as a share of GDP in Cyprus, 2000–2023
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
Cyprus recorded 45.9% for government revenues as a share of gdp in 2023. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 7.5% on the previous year and up 13.5% over ten years.
Over the whole period, government revenues as a share of gdp in Cyprus peaked at 45.9% in 2023 and was at its lowest, 34.5%, in 2000.
That places Cyprus 22nd out of 174 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Government revenues as a share of GDP in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 34.5% | — |
| 2001 | 35.2% | +2.2% |
| 2002 | 35.0% | -0.7% |
| 2003 | 36.9% | +5.6% |
| 2004 | 37.1% | +0.5% |
| 2005 | 39.2% | +5.6% |
| 2006 | 39.7% | +1.4% |
| 2007 | 43.0% | +8.3% |
| 2008 | 41.2% | -4.1% |
| 2009 | 39.0% | -5.5% |
| 2010 | 39.2% | +0.4% |
| 2011 | 38.7% | -1.1% |
| 2012 | 39.1% | +0.9% |
| 2013 | 40.4% | +3.5% |
| 2014 | 43.0% | +6.5% |
| 2015 | 42.0% | -2.3% |
| 2016 | 39.8% | -5.3% |
| 2017 | 40.4% | +1.4% |
| 2018 | 40.9% | +1.2% |
| 2019 | 41.4% | +1.3% |
| 2020 | 40.6% | -2.0% |
| 2021 | 41.9% | +3.3% |
| 2022 | 42.7% | +1.9% |
| 2023 | 45.9% | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 38.1% | 34.5% | 43.0% | 10 |
| 2010s | 40.5% | 38.7% | 43.0% | 10 |
| 2020s | 42.8% | 40.6% | 45.9% | 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)
- Exports of goods and services (current LCU), annual growth rate 5.53 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.8635 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 25,970 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 4.96 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.8463 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 25,452 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 6.8 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2003 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is government revenues as a share of gdp in Cyprus?
- Government revenues as a share of gdp in Cyprus was 45.9% in 2023, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest government revenues as a share of gdp recorded in Cyprus?
- The highest recorded value was 45.9% in 2023.
- What is the lowest government revenues as a share of gdp recorded in Cyprus?
- The lowest recorded value was 34.5% in 2000.
- How does Cyprus rank for government revenues as a share of gdp?
- Cyprus ranks 22nd out of 174 countries with data for 2023.
- Is government revenues as a share of gdp rising or falling in Cyprus?
- Over the last ten years it is up 13.5%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Government revenues as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included.