Cyprus: Government spending, percent of GDP

* indicates monthly or quarterly data series
 Cyprus

Government spending as percent of GDP

 Latest value 18.48
 Year 2022
 Measure percent
 Data availability 1975 - 2022
 Average 16.20
 Min - Max 12.42 - 19.34
 Source The World Bank
For that indicator, we provide data for Cyprus from 1975 to 2022. The average value for Cyprus during that period was 16.2 percent with a minimum of 12.42 percent in 1995 and a maximum of 19.34 percent in 2020. The latest value from 2022 is 18.48 percent. For comparison, the world average in 2022 based on 143 countries is 16.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


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

Historical chart
Cyprus - Government spending, percent of GDP - historical chart - 1975-2022




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.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 18.48 2022 percent
 Government spending, in dollars 5.40 2022 billion U.S. dollars
 Fiscal balance, percent of GDP 2.10 2022 percent
 Government debt 86.50 2022 percent
 Government expenditure 1.36 Q3/2023 billion
 Tax revenue 23.23 2021 percent
 Commercial tax rate 22.40 2019 percent
 Tax preparation time 120 2019 hours
 Number of taxes 16 2019 taxes
 Taxes on goods and services 31.65 2021 percent
 Taxes on international trade 0.16 2021 percent
 Income and profits taxes 25.12 2021 percent
 Foreign aid 59.86 2004 million U.S. dollars
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