Share of central government spending funded by taxes in Cyprus
Cyprus: Share of central government spending funded by taxes was 59.1% in 2023. ▬ Flat
Share of central government spending funded by taxes in Cyprus, 2000–2023
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
Cyprus recorded 59.1% for share of central government spending funded by taxes in 2023.
That represents a change of down 5.9% on the previous year and up 11.5% over ten years.
Over the whole period, share of central government spending funded by taxes in Cyprus peaked at 73.2% in 2007 and was at its lowest, 44.3%, in 2012.
Cyprus ranks 80th of 174 countries on this measure, in the middle of the range.
Share of central government spending funded by taxes in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 59.6% | — |
| 2001 | 59.9% | +0.4% |
| 2002 | 57.3% | -4.3% |
| 2003 | 53.4% | -6.8% |
| 2004 | 55.6% | +4.1% |
| 2005 | 57.9% | +4.2% |
| 2006 | 61.5% | +6.2% |
| 2007 | 73.2% | +19.1% |
| 2008 | 68.3% | -6.8% |
| 2009 | 53.7% | -21.3% |
| 2010 | 53.8% | +0.1% |
| 2011 | 53.5% | -0.6% |
| 2012 | 44.3% | -17.2% |
| 2013 | 53.0% | +19.7% |
| 2014 | 49.3% | -7.1% |
| 2015 | 58.1% | +17.9% |
| 2016 | 61.3% | +5.5% |
| 2017 | 64.0% | +4.4% |
| 2018 | 55.6% | -13.0% |
| 2019 | 59.4% | +6.7% |
| 2020 | 49.4% | -16.7% |
| 2021 | 54.7% | +10.6% |
| 2022 | 62.8% | +14.9% |
| 2023 | 59.1% | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 60.0% | 53.4% | 73.2% | 10 |
| 2010s | 55.2% | 44.3% | 64.0% | 10 |
| 2020s | 56.5% | 49.4% | 62.8% | 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)
- Final consumption expenditure (constant 2015 US$), per capita 18,409 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 7.25 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.9435 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 28,376 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 2.73 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 0.835 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 25,112 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 1.41 % change on previous year (2025)
Frequently asked questions
- What is share of central government spending funded by taxes in Cyprus?
- Share of central government spending funded by taxes in Cyprus was 59.1% in 2023, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest share of central government spending funded by taxes recorded in Cyprus?
- The highest recorded value was 73.2% in 2007.
- What is the lowest share of central government spending funded by taxes recorded in Cyprus?
- The lowest recorded value was 44.3% in 2012.
- How does Cyprus rank for share of central government spending funded by taxes?
- Cyprus ranks 80th out of 174 countries with data for 2023.
- Is share of central government spending funded by taxes rising or falling in Cyprus?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is flat.
- 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 Share of central government spending funded by taxes. Statizoid updates them automatically from the source API.
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About this data
Spending refers to the budgetary central government which includes the core institutions of the national government. Funds only include taxes; Fines, penalties, and most social security contributions are excluded.