Central government revenues as a share of GDP in Cyprus
Cyprus: Central government revenues as a share of GDP was 39.9% in 2024. ▲ Rising
Latest (2024)
39.9%
Change on year
down 0.1%
World rank
15th
of 157 countries
All-time high
41.6%
in 2007
All-time low
19.2%
in 1976
Years of data
50
1975–2024
Central government revenues as a share of GDP in Cyprus, 1975–2024
Source: International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Cyprus recorded 39.9% for central government revenues as a share of gdp in 2024.
Compared with earlier readings it is down 0.1% on the previous year and down 3.9% over ten years.
Over the whole period, central government revenues as a share of gdp in Cyprus peaked at 41.6% in 2007 and was at its lowest, 19.2%, in 1976.
Cyprus ranks 15th of 157 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 50 years of available data.
Central government revenues as a share of GDP in Cyprus, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 23.1% | — |
| 1976 | 19.2% | -16.8% |
| 1977 | 19.6% | +2.1% |
| 1978 | 19.7% | +0.3% |
| 1979 | 19.6% | -0.6% |
| 1980 | 21.2% | +8.2% |
| 1981 | 21.8% | +3.0% |
| 1982 | 22.7% | +4.0% |
| 1983 | 24.2% | +6.5% |
| 1984 | 24.9% | +3.0% |
| 1985 | 25.6% | +3.0% |
| 1986 | 26.1% | +1.7% |
| 1987 | 25.5% | -2.3% |
| 1988 | 26.5% | +4.0% |
| 1989 | 27.8% | +4.8% |
| 1990 | 27.6% | -0.5% |
| 1991 | 26.9% | -2.5% |
| 1992 | 28.1% | +4.5% |
| 1993 | 30.2% | +7.2% |
| 1994 | 31.2% | +3.5% |
| 1995 | 30.6% | -1.9% |
| 1996 | 30.4% | -0.6% |
| 1997 | 29.9% | -1.8% |
| 1998 | 30.9% | +3.3% |
| 1999 | 30.6% | -1.0% |
| 2000 | 32.9% | +7.6% |
| 2001 | 33.7% | +2.5% |
| 2002 | 33.5% | -0.6% |
| 2003 | 35.4% | +5.8% |
| 2004 | 35.7% | +0.7% |
| 2005 | 37.8% | +5.9% |
| 2006 | 38.3% | +1.4% |
| 2007 | 41.6% | +8.5% |
| 2008 | 39.9% | -4.1% |
| 2009 | 37.7% | -5.6% |
| 2010 | 37.8% | +0.5% |
| 2011 | 37.4% | -1.1% |
| 2012 | 37.8% | +1.0% |
| 2013 | 38.9% | +2.9% |
| 2014 | 41.5% | +6.8% |
| 2015 | 40.4% | -2.6% |
| 2016 | 38.3% | -5.2% |
| 2017 | 38.4% | +0.2% |
| 2018 | 38.3% | -0.2% |
| 2019 | 39.3% | +2.6% |
| 2020 | 38.4% | -2.4% |
| 2021 | 38.4% | +0.1% |
| 2022 | 38.2% | -0.4% |
| 2023 | 40.0% | +4.5% |
| 2024 | 39.9% | -0.1% |
Cyprus compared with similar countries
- Cyprus's 39.9% is above the median for high income countries, which is 33.0%, 1.2× the median. (57 countries reporting)
- Cyprus's 39.9% is above the median for Europe & Central Asia, which is 35.0%, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.3% | 19.2% | 23.1% | 5 |
| 1980s | 24.6% | 21.2% | 27.8% | 10 |
| 1990s | 29.6% | 26.9% | 31.2% | 10 |
| 2000s | 36.7% | 32.9% | 41.6% | 10 |
| 2010s | 38.8% | 37.4% | 41.5% | 10 |
| 2020s | 39.0% | 38.2% | 40.0% | 5 |
Countries ranked near Cyprus
- 12 Finland 41.8% compare
- 13 San Marino 41.2% compare
- 14 Italy 40.1% compare
- 16 Netherlands 39.4% compare
- 17 Slovakia 39.3% compare
- 18 Azerbaijan 38.9% compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.57 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.038 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,144 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 122.17 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2708 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8,144 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is central government revenues as a share of gdp in Cyprus?
- Central government revenues as a share of gdp in Cyprus was 39.9% in 2024, according to International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest central government revenues as a share of gdp recorded in Cyprus?
- The highest recorded value was 41.6% in 2007.
- What is the lowest central government revenues as a share of gdp recorded in Cyprus?
- The lowest recorded value was 19.2% in 1976.
- How does Cyprus rank for central government revenues as a share of gdp?
- Cyprus ranks 15th out of 157 countries with data for 2024.
- Is central government revenues as a share of gdp rising or falling in Cyprus?
- Over the last ten years it is down 3.9%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Central 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. Grants excluded.