Revenue, excluding grants in Cyprus
Cyprus: Revenue, excluding grants was 39.9% in 2024. ▲ Rising
Revenue, excluding grants in Cyprus, 1975–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Cyprus recorded 39.9% for revenue, excluding grants in 2024.
The figure is down 0.1% on the previous year and down 3.9% over ten years.
Over the whole period, revenue, excluding grants 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.
Revenue, excluding grants 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% |
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)
- 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 revenue, excluding grants in Cyprus?
- Revenue, excluding grants in Cyprus was 39.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in Cyprus?
- The highest recorded value was 41.6% in 2007.
- What is the lowest revenue, excluding grants recorded in Cyprus?
- The lowest recorded value was 19.2% in 1976.
- How does Cyprus rank for revenue, excluding grants?
- Cyprus ranks 15th out of 157 countries with data for 2024.
- Is revenue, excluding grants 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 Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Revenue, excluding grants (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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.