Taxes less subsidies on products (current LCU), annual growth rate in Cyprus
Cyprus: Taxes less subsidies on products (current LCU), annual growth rate was 1.74 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Cyprus, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, taxes less subsidies on products (current lcu), annual growth rate in Cyprus stood at 1.74 % change on previous year.
Compared with earlier readings it is down 73.7% on the previous year and down 45.7% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Cyprus peaked at 31.08 % change on previous year in 2000 and was at its lowest, -15.25 % change on previous year, in 2020.
Cyprus ranks 168th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU), annual growth rate in Cyprus, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | -1.31 % change on previous year | — |
| 1997 | -1.83 % change on previous year | +39.3% |
| 1998 | -0.6156 % change on previous year | -66.3% |
| 1999 | 11.2 % change on previous year | -1918.7% |
| 2000 | 31.08 % change on previous year | +177.6% |
| 2001 | 14.13 % change on previous year | -54.5% |
| 2002 | 9.21 % change on previous year | -34.8% |
| 2003 | 23.48 % change on previous year | +155.1% |
| 2004 | 15.02 % change on previous year | -36.0% |
| 2005 | 12.38 % change on previous year | -17.6% |
| 2006 | 10.23 % change on previous year | -17.3% |
| 2007 | 16.05 % change on previous year | +56.9% |
| 2008 | 8.24 % change on previous year | -48.6% |
| 2009 | -13 % change on previous year | -257.7% |
| 2010 | 1.98 % change on previous year | -115.2% |
| 2011 | -3.99 % change on previous year | -301.2% |
| 2012 | -0.3368 % change on previous year | -91.6% |
| 2013 | -9.04 % change on previous year | +2583.1% |
| 2014 | 7.86 % change on previous year | -187.0% |
| 2015 | 3.21 % change on previous year | -59.2% |
| 2016 | 6.19 % change on previous year | +93.0% |
| 2017 | 8.64 % change on previous year | +39.6% |
| 2018 | 8.21 % change on previous year | -5.0% |
| 2019 | 2.39 % change on previous year | -71.0% |
| 2020 | -15.25 % change on previous year | -739.4% |
| 2021 | 19.39 % change on previous year | -227.1% |
| 2022 | 16.01 % change on previous year | -17.4% |
| 2023 | 9.49 % change on previous year | -40.7% |
| 2024 | 6.64 % change on previous year | -30.0% |
| 2025 | 1.74 % change on previous year | -73.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.86 % change on previous year | -1.83 % change on previous year | 11.2 % change on previous year | 4 |
| 2000s | 12.68 % change on previous year | -13 % change on previous year | 31.08 % change on previous year | 10 |
| 2010s | 2.51 % change on previous year | -9.04 % change on previous year | 8.64 % change on previous year | 10 |
| 2020s | 6.34 % change on previous year | -15.25 % change on previous year | 19.39 % change on previous year | 6 |
Countries ranked near Cyprus
- 165 Republic of Korea 1.82 % change on previous year compare
- 166 Papua New Guinea 1.78 % change on previous year compare
- 167 Jamaica 1.76 % change on previous year compare
- 169 Cayman Islands 1.4 % change on previous year compare
- 170 Fiji 0.8544 % change on previous year compare
- 171 Bahamas 0.159 % change on previous year 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)
- Exports of goods and services (current LCU), annual growth rate 5.53 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.8635 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 25,970 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 4.96 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.8463 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 25,452 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 6.8 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2003 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), annual growth rate in Cyprus?
- Taxes less subsidies on products (current lcu), annual growth rate in Cyprus was 1.74 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Cyprus?
- The highest recorded value was 31.08 % change on previous year in 2000.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Cyprus?
- The lowest recorded value was -15.25 % change on previous year in 2020.
- How does Cyprus rank for taxes less subsidies on products (current lcu), annual growth rate?
- Cyprus ranks 168th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Cyprus?
- Over the last ten years it is down 45.7%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.