Taxes less subsidies on products in Cyprus
Cyprus: Taxes less subsidies on products was 3.74 billion constant LCU in 2025. ▲ Rising
Taxes less subsidies on products in Cyprus, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2025, taxes less subsidies on products in Cyprus stood at 3.74 billion constant LCU. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 62.9% over ten years.
Over the whole period, taxes less subsidies on products in Cyprus peaked at 3.74 billion constant LCU in 2025 and was at its lowest, 1.45 billion constant LCU, in 1995.
Cyprus ranks 137th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Taxes less subsidies on products in Cyprus, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 1.45 billion constant LCU | — |
| 1996 | 1.47 billion constant LCU | +1.2% |
| 1997 | 1.50 billion constant LCU | +2.6% |
| 1998 | 1.60 billion constant LCU | +6.1% |
| 1999 | 1.68 billion constant LCU | +5.0% |
| 2000 | 1.78 billion constant LCU | +6.0% |
| 2001 | 1.85 billion constant LCU | +4.0% |
| 2002 | 1.92 billion constant LCU | +3.7% |
| 2003 | 1.97 billion constant LCU | +2.6% |
| 2004 | 2.06 billion constant LCU | +5.0% |
| 2005 | 2.16 billion constant LCU | +4.9% |
| 2006 | 2.27 billion constant LCU | +4.7% |
| 2007 | 2.38 billion constant LCU | +5.1% |
| 2008 | 2.47 billion constant LCU | +3.6% |
| 2009 | 2.42 billion constant LCU | -2.0% |
| 2010 | 2.47 billion constant LCU | +2.0% |
| 2011 | 2.48 billion constant LCU | +0.4% |
| 2012 | 2.39 billion constant LCU | -3.4% |
| 2013 | 2.24 billion constant LCU | -6.6% |
| 2014 | 2.20 billion constant LCU | -1.8% |
| 2015 | 2.30 billion constant LCU | +4.5% |
| 2016 | 2.45 billion constant LCU | +6.6% |
| 2017 | 2.58 billion constant LCU | +5.6% |
| 2018 | 2.73 billion constant LCU | +5.5% |
| 2019 | 2.85 billion constant LCU | +4.5% |
| 2020 | 2.74 billion constant LCU | -3.8% |
| 2021 | 3.05 billion constant LCU | +11.5% |
| 2022 | 3.35 billion constant LCU | +9.6% |
| 2023 | 3.47 billion constant LCU | +3.6% |
| 2024 | 3.60 billion constant LCU | +3.9% |
| 2025 | 3.74 billion constant LCU | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.54 billion constant LCU | 1.45 billion constant LCU | 1.68 billion constant LCU | 5 |
| 2000s | 2.13 billion constant LCU | 1.78 billion constant LCU | 2.47 billion constant LCU | 10 |
| 2010s | 2.47 billion constant LCU | 2.20 billion constant LCU | 2.85 billion constant LCU | 10 |
| 2020s | 3.33 billion constant LCU | 2.74 billion constant LCU | 3.74 billion constant LCU | 6 |
Countries ranked near Cyprus
- 134 Latvia 4.15 billion constant LCU compare
- 135 Zimbabwe 4.13 billion constant LCU compare
- 136 Estonia 3.92 billion constant LCU compare
- 138 Papua New Guinea 3.46 billion constant LCU compare
- 139 El Salvador 3.40 billion constant LCU compare
- 140 Azerbaijan 2.75 billion constant LCU 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 9.96 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8911 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 26,800 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.33 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7886 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 23,717 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.77 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7048 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in Cyprus?
- Taxes less subsidies on products in Cyprus was 3.74 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Cyprus?
- The highest recorded value was 3.74 billion constant LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Cyprus?
- The lowest recorded value was 1.45 billion constant LCU in 1995.
- How does Cyprus rank for taxes less subsidies on products?
- Cyprus ranks 137th out of 187 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Cyprus?
- Over the last ten years it is up 62.9%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.