Tax revenue as a proportion of GDP in Cyprus
Cyprus: Tax revenue as a proportion of GDP was 23.3% in 2023. ▬ Flat
Latest (2023)
23.3%
Change on year
up 1.4%
World rank
27th
of 164 countries
All-time high
28.4%
in 2007
All-time low
20.8%
in 2000
Years of data
24
2000–2023
Tax revenue as a proportion of GDP in Cyprus, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, tax revenue as a proportion of gdp in Cyprus stood at 23.3%.
That represents a change of up 1.4% on the previous year and down 1.1% over ten years.
Over the whole period, tax revenue as a proportion of gdp in Cyprus peaked at 28.4% in 2007 and was at its lowest, 20.8%, in 2000.
Cyprus ranks 27th of 164 countries on this measure, in the top quarter.
Tax revenue as a proportion of GDP in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 20.8% | — |
| 2001 | 21.3% | +2.4% |
| 2002 | 21.4% | +0.6% |
| 2003 | 22.0% | +2.7% |
| 2004 | 21.8% | -0.8% |
| 2005 | 23.2% | +6.1% |
| 2006 | 24.3% | +4.9% |
| 2007 | 28.4% | +16.9% |
| 2008 | 26.9% | -5.2% |
| 2009 | 23.2% | -13.7% |
| 2010 | 23.1% | -0.8% |
| 2011 | 23.1% | +0.4% |
| 2012 | 23.3% | +0.8% |
| 2013 | 23.5% | +0.8% |
| 2014 | 24.7% | +5.1% |
| 2015 | 24.0% | -2.7% |
| 2016 | 23.5% | -2.2% |
| 2017 | 23.8% | +1.3% |
| 2018 | 23.8% | +0.1% |
| 2019 | 23.1% | -3.2% |
| 2020 | 21.9% | -4.9% |
| 2021 | 22.6% | +2.8% |
| 2022 | 23.0% | +1.8% |
| 2023 | 23.3% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.3% | 20.8% | 28.4% | 10 |
| 2010s | 23.6% | 23.1% | 24.7% | 10 |
| 2020s | 22.7% | 21.9% | 23.3% | 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)
- 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 tax revenue as a proportion of gdp in Cyprus?
- Tax revenue as a proportion of gdp in Cyprus was 23.3% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest tax revenue as a proportion of gdp recorded in Cyprus?
- The highest recorded value was 28.4% in 2007.
- What is the lowest tax revenue as a proportion of gdp recorded in Cyprus?
- The lowest recorded value was 20.8% in 2000.
- How does Cyprus rank for tax revenue as a proportion of gdp?
- Cyprus ranks 27th out of 164 countries with data for 2023.
- Is tax revenue as a proportion of gdp rising or falling in Cyprus?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is flat.
- Where does this Cyprus data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Tax revenue as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).