Taxes on incomes of individuals and corporations as share of GDP in Cyprus
Cyprus: Taxes on incomes of individuals and corporations as share of GDP was 10.7% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations 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 %.
Analysis
The most recent figure for taxes on incomes of individuals and corporations as share of gdp in Cyprus is 10.7%, measured in 2023.
Compared with earlier readings it is up 4.3% on the previous year and up 12.3% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Cyprus peaked at 11.5% in 2007 and was at its lowest, 4.0%, in 1982.
That places Cyprus 33rd out of 184 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 4.5% | — |
| 1981 | 4.1% | -9.2% |
| 1982 | 4.0% | -1.3% |
| 1983 | 4.6% | +15.3% |
| 1984 | 4.8% | +3.8% |
| 1985 | 5.1% | +6.3% |
| 1986 | 4.8% | -6.2% |
| 1987 | 4.9% | +2.3% |
| 1988 | 4.9% | +0.6% |
| 1989 | 5.4% | +9.2% |
| 1990 | 5.6% | +4.9% |
| 1991 | 4.8% | -14.9% |
| 1992 | 4.8% | +0.3% |
| 1993 | 5.1% | +6.1% |
| 1994 | 5.7% | +11.3% |
| 1995 | 7.5% | +31.7% |
| 1996 | 7.2% | -3.3% |
| 1997 | 7.3% | +1.0% |
| 1998 | 8.0% | +9.8% |
| 1999 | 8.9% | +11.1% |
| 2000 | 9.2% | +3.8% |
| 2001 | 9.4% | +1.2% |
| 2002 | 9.3% | -0.4% |
| 2003 | 7.7% | -17.8% |
| 2004 | 6.3% | -18.1% |
| 2005 | 7.3% | +16.9% |
| 2006 | 8.8% | +19.7% |
| 2007 | 11.5% | +30.6% |
| 2008 | 10.7% | -6.9% |
| 2009 | 9.2% | -14.0% |
| 2010 | 9.0% | -2.6% |
| 2011 | 9.7% | +8.1% |
| 2012 | 9.4% | -2.7% |
| 2013 | 9.5% | +0.7% |
| 2014 | 9.4% | -1.4% |
| 2015 | 8.9% | -5.3% |
| 2016 | 8.6% | -3.0% |
| 2017 | 9.0% | +5.0% |
| 2018 | 9.1% | +0.3% |
| 2019 | 8.9% | -1.8% |
| 2020 | 9.1% | +2.6% |
| 2021 | 9.6% | +5.7% |
| 2022 | 10.2% | +5.9% |
| 2023 | 10.7% | +4.3% |
Cyprus compared with similar countries
- Cyprus's 10.7% is above the median for high income countries, which is 10.0%, 1.1× the median. (63 countries reporting)
- Cyprus's 10.7% is above the median for Europe & Central Asia, which is 8.9%, 1.2× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.7% | 4.0% | 5.4% | 10 |
| 1990s | 6.5% | 4.8% | 8.9% | 10 |
| 2000s | 8.9% | 6.3% | 11.5% | 10 |
| 2010s | 9.1% | 8.6% | 9.7% | 10 |
| 2020s | 9.9% | 9.1% | 10.7% | 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 incomes of individuals and corporations as share of gdp in Cyprus?
- Taxes on incomes of individuals and corporations as share of gdp in Cyprus was 10.7% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Cyprus?
- The highest recorded value was 11.5% in 2007.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Cyprus?
- The lowest recorded value was 4.0% in 1982.
- How does Cyprus rank for taxes on incomes of individuals and corporations as share of gdp?
- Cyprus ranks 33rd out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Cyprus?
- Over the last ten years it is up 12.3%. 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.