Tax revenue as share of GDP in Cyprus
Cyprus: Tax revenue as share of GDP was 28.2% in 2023. ▲ Rising
Latest (2023)
28.2%
World rank
46th
of 192 countries
All-time high
28.8%
in 2004
All-time low
15.8%
in 1980
Years of data
44
1980–2023
Tax revenue as share of GDP in Cyprus, 1980–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
In 2023, tax revenue as share of gdp in Cyprus stood at 28.2%.
Over the whole period, tax revenue as share of gdp in Cyprus peaked at 28.8% in 2004 and was at its lowest, 15.8%, in 1980.
Cyprus ranks 46th of 192 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Tax revenue as share of GDP in Cyprus, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 15.8% | — |
| 1981 | 16.9% | +6.8% |
| 1982 | 17.2% | +1.5% |
| 1983 | 18.3% | +6.6% |
| 1984 | 19.1% | +4.4% |
| 1985 | 19.6% | +2.5% |
| 1986 | 19.8% | +0.8% |
| 1987 | 19.3% | -2.3% |
| 1988 | 20.3% | +5.3% |
| 1989 | 21.1% | +3.7% |
| 1990 | 20.8% | -1.3% |
| 1991 | 19.9% | -4.2% |
| 1992 | 20.9% | +4.7% |
| 1993 | 22.5% | +7.7% |
| 1994 | 23.7% | +5.3% |
| 1995 | 24.5% | +3.5% |
| 1996 | 24.0% | -1.8% |
| 1997 | 23.4% | -2.6% |
| 1998 | 24.7% | +5.6% |
| 1999 | 25.0% | +1.2% |
| 2000 | 26.9% | +7.5% |
| 2001 | 27.6% | +2.6% |
| 2002 | 27.6% | +0.1% |
| 2003 | 28.4% | +2.8% |
| 2004 | 28.8% | +1.5% |
| 2005 | 39.6% | +37.2% |
| 2006 | 41.5% | +4.9% |
| 2007 | 48.6% | +16.9% |
| 2008 | 46.0% | -5.2% |
| 2009 | 23.2% | -49.5% |
| 2010 | 23.1% | -0.9% |
| 2011 | 23.1% | +0.4% |
| 2012 | 23.3% | +0.8% |
| 2013 | 23.5% | +0.8% |
| 2014 | 24.7% | +5.1% |
| 2015 | 24.1% | -2.7% |
| 2016 | 23.5% | -2.2% |
| 2017 | 23.8% | +1.3% |
| 2018 | 23.8% | +0.0% |
| 2019 | 23.1% | -3.1% |
| 2020 | 21.9% | -4.9% |
| 2021 | 22.6% | +2.8% |
| 2022 | 23.3% | +3.5% |
| 2023 | 28.2% | +20.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 18.7% | 15.8% | 21.1% | 10 |
| 1990s | 22.9% | 19.9% | 25.0% | 10 |
| 2000s | 33.8% | 23.2% | 48.6% | 10 |
| 2010s | 23.6% | 23.1% | 24.7% | 10 |
| 2020s | 24.0% | 21.9% | 28.2% | 4 |
Countries ranked near Cyprus
- 43 Israel 29.8% compare
- 44 Argentina 29.6% compare
- 45 North Macedonia 29.5% compare
- 47 Liechtenstein 28.1% compare
- 48 South Africa 28.1% compare
- 49 Nicaragua 27.8% 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)
- Total reserves minus gold (current US$), annual growth rate 8.53 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.0242 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 729.18 current US$ per person (2025)
- General government final consumption expenditure (current US$) 10 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1848 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 5,559 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 5.36 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.1636 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is tax revenue as share of gdp in Cyprus?
- Tax revenue as share of gdp in Cyprus was 28.2% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest tax revenue as share of gdp recorded in Cyprus?
- The highest recorded value was 28.8% in 2004.
- What is the lowest tax revenue as share of gdp recorded in Cyprus?
- The lowest recorded value was 15.8% in 1980.
- How does Cyprus rank for tax revenue as share of gdp?
- Cyprus ranks 46th out of 192 countries with data for 2023.
- Where does this Cyprus data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Tax revenue as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Direct and indirect taxes as well as social contributions included.