Cyprus: Government spending, percent of GDP

* indicates monthly or quarterly data series
 Cyprus

Government spending as percent of GDP

 Latest value 18.59
 Year 2024
 Measure percent
 Data availability 1975 - 2024
 Average 16.38
 Min - Max 12.47 - 19.36
 Source The World Bank
The latest value from 2024 is 18.59 percent, a decline from 18.63 percent in 2023. In comparison, the world average is 14.67 percent, based on data from 101 countries. Historically, the average for Cyprus from 1975 to 2024 is 16.38 percent. The minimum value, 12.47 percent, was reached in 1995 while the maximum of 19.36 percent was recorded in 2011. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Cyprus - Government spending, percent of GDP - Recent values chart

Historical series
Cyprus - Government spending, percent of GDP - historical chart - 1975-2024




The government size of Cyprus and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 18.59 2024 percent
 Government spending, in dollars 6.76 2024 billion U.S. dollars
 Fiscal balance, percent of GDP 4.28 2024 percent
 Primary budget balance 5.49 2024 percent
 Government expenditure 2.12 Q4/2025 billion
 Tax revenue 24.08 2023 percent
 Commercial tax rate 22.40 2019 percent
 Tax preparation time 120 2019 hours
 Taxes on goods and services 29.51 2023 percent
 Taxes on international trade 0.16 2019 percent
 Income and profits taxes 23.86 2023 percent
 Foreign aid 22.58 1996 million U.S. dollars
 Government debt 65.09 2024 percent
 Sovereign debt average maturity 6.33 2024 percent
 Short-term government debt 4.35 2024 percent
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