Taxes less subsidies on products (current US$) in Cyprus
Cyprus: Taxes less subsidies on products (current US$) was 4.49 billion current US$ 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 current US$.
Analysis
In 2025, taxes less subsidies on products in Cyprus stood at 4.49 billion current US$. That is the highest value across all 31 years on record.
The figure is up 6.2% on the previous year and up 81.5% over ten years.
Over the whole period, taxes less subsidies on products in Cyprus peaked at 4.49 billion current US$ in 2025 and was at its lowest, 730.54 million current US$, in 1998.
Cyprus ranks 84th of 199 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Taxes less subsidies on products (current US$) in Cyprus, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 867.66 million current US$ | — |
| 1996 | 830.49 million current US$ | -4.3% |
| 1997 | 740.93 million current US$ | -10.8% |
| 1998 | 730.54 million current US$ | -1.4% |
| 1999 | 774.65 million current US$ | +6.0% |
| 2000 | 887.18 million current US$ | +14.5% |
| 2001 | 978.41 million current US$ | +10.3% |
| 2002 | 1.13 billion current US$ | +15.3% |
| 2003 | 1.64 billion current US$ | +45.4% |
| 2004 | 2.08 billion current US$ | +27.0% |
| 2005 | 2.33 billion current US$ | +11.8% |
| 2006 | 2.59 billion current US$ | +11.2% |
| 2007 | 3.28 billion current US$ | +26.6% |
| 2008 | 3.81 billion current US$ | +16.3% |
| 2009 | 3.15 billion current US$ | -17.5% |
| 2010 | 3.05 billion current US$ | -3.1% |
| 2011 | 3.07 billion current US$ | +0.8% |
| 2012 | 2.83 billion current US$ | -8.0% |
| 2013 | 2.66 billion current US$ | -6.0% |
| 2014 | 2.87 billion current US$ | +7.9% |
| 2015 | 2.47 billion current US$ | -13.8% |
| 2016 | 2.62 billion current US$ | +5.9% |
| 2017 | 2.91 billion current US$ | +10.9% |
| 2018 | 3.29 billion current US$ | +13.1% |
| 2019 | 3.19 billion current US$ | -2.9% |
| 2020 | 2.76 billion current US$ | -13.5% |
| 2021 | 3.41 billion current US$ | +23.6% |
| 2022 | 3.52 billion current US$ | +3.3% |
| 2023 | 3.96 billion current US$ | +12.4% |
| 2024 | 4.23 billion current US$ | +6.8% |
| 2025 | 4.49 billion current US$ | +6.2% |
Cyprus compared with similar countries
- Cyprus's 4.49 billion current US$ is below the median for high income countries, which is 9.71 billion current US$, 46% of the median. (74 countries reporting)
- Cyprus's 4.49 billion current US$ is below the median for Europe & Central Asia, which is 14.66 billion current US$, 31% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 788.85 million current US$ | 730.54 million current US$ | 867.66 million current US$ | 5 |
| 2000s | 2.19 billion current US$ | 887.18 million current US$ | 3.81 billion current US$ | 10 |
| 2010s | 2.90 billion current US$ | 2.47 billion current US$ | 3.29 billion current US$ | 10 |
| 2020s | 3.73 billion current US$ | 2.76 billion current US$ | 4.49 billion current US$ | 6 |
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)
- SDRs holdings, US dollar, annual growth rate 5.38 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 428.26 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3528 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0104 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 312.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0073 units 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 4.49 billion current US$ 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 4.49 billion current US$ in 2025.
- What is the lowest taxes less subsidies on products recorded in Cyprus?
- The lowest recorded value was 730.54 million current US$ in 1998.
- How does Cyprus rank for taxes less subsidies on products?
- Cyprus ranks 84th out of 199 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Cyprus?
- Over the last ten years it is up 81.5%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.