SUT Taxes less subsidies on products as a share of final consumption in Cyprus
Cyprus: SUT Taxes less subsidies on products as a share of final consumption was 8.98 Percentage of household final consumption expenditure at purchasers' prices in t in 2022. ▲ Rising
SUT Taxes less subsidies on products as a share of final consumption in Cyprus, 2010–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of household final consumption expenditure at purchasers' prices in t.
Analysis
Cyprus recorded 8.98 Percentage of household final consumption expenditure at purchasers' prices in t for sut taxes less subsidies on products as a share of final consumption in 2022.
Compared with earlier readings it is down 7.5% on the previous year and down 2.9% over ten years.
Over the whole period, sut taxes less subsidies on products as a share of final consumption in Cyprus peaked at 10.34 Percentage of household final consumption expenditure at purchasers' prices in t in 2015 and was at its lowest, 8.78 Percentage of household final consumption expenditure at purchasers' prices in t, in 2011.
That places Cyprus 14th out of 20 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
SUT Taxes less subsidies on products as a share of final consumption in Cyprus, year by year
| Year | Percentage of household final consumption expenditure at purchasers' prices in t | Change |
|---|---|---|
| 2010 | 9.09 Percentage of household final consumption expenditure at purchasers' prices in t | — |
| 2011 | 8.78 Percentage of household final consumption expenditure at purchasers' prices in t | -3.4% |
| 2012 | 9.25 Percentage of household final consumption expenditure at purchasers' prices in t | +5.3% |
| 2013 | 8.97 Percentage of household final consumption expenditure at purchasers' prices in t | -3.0% |
| 2014 | 10.03 Percentage of household final consumption expenditure at purchasers' prices in t | +11.8% |
| 2015 | 10.34 Percentage of household final consumption expenditure at purchasers' prices in t | +3.1% |
| 2016 | 10.23 Percentage of household final consumption expenditure at purchasers' prices in t | -1.0% |
| 2017 | 10.21 Percentage of household final consumption expenditure at purchasers' prices in t | -0.2% |
| 2018 | 10.1 Percentage of household final consumption expenditure at purchasers' prices in t | -1.1% |
| 2019 | 9.86 Percentage of household final consumption expenditure at purchasers' prices in t | -2.3% |
| 2020 | 9.72 Percentage of household final consumption expenditure at purchasers' prices in t | -1.4% |
| 2021 | 9.71 Percentage of household final consumption expenditure at purchasers' prices in t | -0.1% |
| 2022 | 8.98 Percentage of household final consumption expenditure at purchasers' prices in t | -7.5% |
Cyprus compared with similar countries
- Cyprus's 8.98 Percentage of household final consumption expenditure at purchasers' prices in t is below the median for Europe & Central Asia, which is 11.92 Percentage of household final consumption expenditure at purchasers' prices in t, 75% of the median. (14 countries reporting)
- Cyprus's 8.98 Percentage of household final consumption expenditure at purchasers' prices in t is below the median for high income countries, which is 11.33 Percentage of household final consumption expenditure at purchasers' prices in t, 79% of the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.69 Percentage of household final consumption expenditure at purchasers' prices in t | 8.78 Percentage of household final consumption expenditure at purchasers' prices in t | 10.34 Percentage of household final consumption expenditure at purchasers' prices in t | 10 |
| 2020s | 9.47 Percentage of household final consumption expenditure at purchasers' prices in t | 8.98 Percentage of household final consumption expenditure at purchasers' prices in t | 9.72 Percentage of household final consumption expenditure at purchasers' prices in t | 3 |
Countries ranked near Cyprus
- 11 Czechia 10.93 Percentage of household final consumption expenditure at purchasers' prices in t compare
- 12 Belgium 9.34 Percentage of household final consumption expenditure at purchasers' prices in t compare
- 13 Malta 9.11 Percentage of household final consumption expenditure at purchasers' prices in t compare
- 15 United Kingdom of Great Britain and Northern Ireland 8.77 Percentage of household final consumption expenditure at purchasers' prices in t compare
- 16 Canada 7.47 Percentage of household final consumption expenditure at purchasers' prices in t compare
- 17 Romania 7.25 Percentage of household final consumption expenditure at purchasers' prices in t 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 sut taxes less subsidies on products as a share of final consumption in Cyprus?
- Sut taxes less subsidies on products as a share of final consumption in Cyprus was 8.98 Percentage of household final consumption expenditure at purchasers' prices in t in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest sut taxes less subsidies on products as a share of final consumption recorded in Cyprus?
- The highest recorded value was 10.34 Percentage of household final consumption expenditure at purchasers' prices in t in 2015.
- What is the lowest sut taxes less subsidies on products as a share of final consumption recorded in Cyprus?
- The lowest recorded value was 8.78 Percentage of household final consumption expenditure at purchasers' prices in t in 2011.
- How does Cyprus rank for sut taxes less subsidies on products as a share of final consumption?
- Cyprus ranks 14th out of 20 countries with data for 2022.
- Is sut taxes less subsidies on products as a share of final consumption rising or falling in Cyprus?
- Over the last ten years it is down 2.9%. 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 SUT Taxes less subsidies on products as a share of final consumption expenditure by households. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
Taxes (subsidies) on products are payable (received) based on the quantity or the value of the goods and services. The main component of taxes on products is the value added tax (VAT). The indicator is for that part of taxes less subsidies on products that relates to household final consumption.For each product, the indicator is calculated as Taxes less subsidies of the product related to final consumption expenditure by households / Total final consumption expenditure by households at purchasers ‘prices of the same product. This indicator is calculated by the OECD from the taxes less subsidies on products matrix and the Use table at purchasers’ prices reported to the OECD by countries in their answers to Supply and Use questionnaire. The dataset corresponds to SNA_TABLE45 dataset in the previous dissemination system. A mapping between the new codes and previous codes is available in SUT_INDICATOR_Codes_mapping Explore the OECD SUT webpage SUT webpage