R&D tax expenditure and direct government funding of BERD in Cyprus
Cyprus: R&D tax expenditure and direct government funding of BERD was 0.4332 Percentage of GDP in 2024. ▲ Rising
R&D tax expenditure and direct government funding of BERD in Cyprus, 2004–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, r&d tax expenditure and direct government funding of berd in Cyprus stood at 0.4332 Percentage of GDP.
Compared with earlier readings it is up 1.6% on the previous year and up 22.4% over ten years.
Over the whole period, r&d tax expenditure and direct government funding of berd in Cyprus peaked at 0.5239 Percentage of GDP in 2020 and was at its lowest, 0.2807 Percentage of GDP, in 2004.
Cyprus ranks 22nd of 33 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
R&D tax expenditure and direct government funding of BERD in Cyprus, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2004 | 0.2807 Percentage of GDP | — |
| 2005 | 0.2917 Percentage of GDP | +3.9% |
| 2006 | 0.2926 Percentage of GDP | +0.3% |
| 2007 | 0.3818 Percentage of GDP | +30.5% |
| 2008 | 0.3801 Percentage of GDP | -0.4% |
| 2009 | 0.4496 Percentage of GDP | +18.3% |
| 2010 | 0.414 Percentage of GDP | -7.9% |
| 2011 | 0.4059 Percentage of GDP | -2.0% |
| 2012 | 0.3583 Percentage of GDP | -11.7% |
| 2013 | 0.3343 Percentage of GDP | -6.7% |
| 2014 | 0.3539 Percentage of GDP | +5.9% |
| 2015 | 0.3325 Percentage of GDP | -6.0% |
| 2016 | 0.3145 Percentage of GDP | -5.4% |
| 2017 | 0.3075 Percentage of GDP | -2.2% |
| 2018 | 0.3076 Percentage of GDP | +0.0% |
| 2019 | 0.3437 Percentage of GDP | +11.7% |
| 2020 | 0.5239 Percentage of GDP | +52.4% |
| 2021 | 0.4306 Percentage of GDP | -17.8% |
| 2022 | 0.3887 Percentage of GDP | -9.7% |
| 2023 | 0.4263 Percentage of GDP | +9.7% |
| 2024 | 0.4332 Percentage of GDP | +1.6% |
Cyprus compared with similar countries
- Cyprus's 0.4332 Percentage of GDP is below the median for high income countries, which is 0.5515 Percentage of GDP, 79% of the median. (29 countries reporting)
- Cyprus's 0.4332 Percentage of GDP is below the median for Europe & Central Asia, which is 0.6082 Percentage of GDP, 71% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3461 Percentage of GDP | 0.2807 Percentage of GDP | 0.4496 Percentage of GDP | 6 |
| 2010s | 0.3472 Percentage of GDP | 0.3075 Percentage of GDP | 0.414 Percentage of GDP | 10 |
| 2020s | 0.4405 Percentage of GDP | 0.3887 Percentage of GDP | 0.5239 Percentage of GDP | 5 |
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)
- 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 r&d tax expenditure and direct government funding of berd in Cyprus?
- R&d tax expenditure and direct government funding of berd in Cyprus was 0.4332 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest r&d tax expenditure and direct government funding of berd recorded in Cyprus?
- The highest recorded value was 0.5239 Percentage of GDP in 2020.
- What is the lowest r&d tax expenditure and direct government funding of berd recorded in Cyprus?
- The lowest recorded value was 0.2807 Percentage of GDP in 2004.
- How does Cyprus rank for r&d tax expenditure and direct government funding of berd?
- Cyprus ranks 22nd out of 33 countries with data for 2024.
- Is r&d tax expenditure and direct government funding of berd rising or falling in Cyprus?
- Over the last ten years it is up 22.4%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of R&D tax expenditure and direct government funding of BERD — Government budget allocations for R&D (GBARD). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The OECD R&D Tax Incentives database provides a set of indicators that reflect the level and structure of central and subnational government support for business R&D in form of R&D tax incentives and direct funding across OECD member countries and other major economies. This includes time-series indicators of tax expenditures for R&D, based on the latest OECD data collection on tax incentive support for R&D expenditures. Estimates of the cost of R&D tax support at subnational government level are reported whenever such provisions are applicable and relevant data are available. These estimates of the cost of central and subnational R&D tax relief have been combined with data on direct government funding of business expenditure on R&D (BERD), as compiled by National Statistical Offices based on reports from firms, in order to provide a more complete picture of government efforts to promote business R&D. Furthermore, these estimates are combined with data on Government budget allocations for R&D (GBARD) in the broader context of overall budgetary support for R&D activities undertaken by governments. Government budget allocations for R&D include direct funding provided to all sectors, including contributions to R&D programmes abroad. OECD (2019) provides a practical guide to using the OECD R&D Tax Incentives database, describing the R&D tax incentive time series data and highlighting their potential for internationally comparative work through descriptive indicators and econometric analysis.