Taxes on income vs. taxes on goods and services in Cyprus
Cyprus: Taxes on income vs. taxes on goods and services was 13.2% in 2023. ▲ Rising
Taxes on income vs. taxes on goods and services 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, taxes on income vs. taxes on goods and services in Cyprus stood at 13.2%.
The figure is up 2.7% on the previous year and up 7.5% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Cyprus peaked at 14.0% in 2007 and was at its lowest, 4.3%, in 1981.
Cyprus ranks 26th of 187 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Taxes on income vs. taxes on goods and services in Cyprus, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 4.9% | — |
| 1981 | 4.3% | -11.5% |
| 1982 | 4.5% | +5.2% |
| 1983 | 4.8% | +5.5% |
| 1984 | 4.8% | +1.4% |
| 1985 | 5.0% | +3.5% |
| 1986 | 4.7% | -5.4% |
| 1987 | 4.6% | -2.9% |
| 1988 | 4.7% | +3.3% |
| 1989 | 5.0% | +4.6% |
| 1990 | 4.7% | -4.7% |
| 1991 | 4.6% | -2.9% |
| 1992 | 5.8% | +25.7% |
| 1993 | 7.2% | +25.6% |
| 1994 | 8.4% | +15.7% |
| 1995 | 8.2% | -2.5% |
| 1996 | 8.1% | -0.7% |
| 1997 | 7.8% | -4.0% |
| 1998 | 8.5% | +9.2% |
| 1999 | 8.3% | -2.5% |
| 2000 | 9.7% | +16.4% |
| 2001 | 10.1% | +4.3% |
| 2002 | 10.2% | +1.7% |
| 2003 | 12.0% | +16.8% |
| 2004 | 13.0% | +8.4% |
| 2005 | 13.4% | +3.0% |
| 2006 | 13.5% | +0.7% |
| 2007 | 14.0% | +4.2% |
| 2008 | 14.0% | -0.2% |
| 2009 | 12.4% | -11.2% |
| 2010 | 12.3% | -0.7% |
| 2011 | 11.9% | -3.6% |
| 2012 | 12.4% | +4.2% |
| 2013 | 12.3% | -1.1% |
| 2014 | 13.5% | +10.4% |
| 2015 | 13.2% | -2.5% |
| 2016 | 13.2% | +0.3% |
| 2017 | 13.1% | -1.3% |
| 2018 | 13.4% | +2.2% |
| 2019 | 12.8% | -3.8% |
| 2020 | 11.7% | -8.7% |
| 2021 | 12.1% | +3.6% |
| 2022 | 12.8% | +5.6% |
| 2023 | 13.2% | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.7% | 4.3% | 5.0% | 10 |
| 1990s | 7.2% | 4.6% | 8.5% | 10 |
| 2000s | 12.2% | 9.7% | 14.0% | 10 |
| 2010s | 12.8% | 11.9% | 13.5% | 10 |
| 2020s | 12.5% | 11.7% | 13.2% | 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 taxes on income vs. taxes on goods and services in Cyprus?
- Taxes on income vs. taxes on goods and services in Cyprus was 13.2% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Cyprus?
- The highest recorded value was 14.0% in 2007.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Cyprus?
- The lowest recorded value was 4.3% in 1981.
- How does Cyprus rank for taxes on income vs. taxes on goods and services?
- Cyprus ranks 26th out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Cyprus?
- Over the last ten years it is up 7.5%. The long-run trend across the full record is rising.
- 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 Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.