Cyprus: Tax revenue

The latest value from 2024 is 23.94 percent, an increase from 23.3 percent in 2023. In comparison, the world average is 18.04 percent, based on data from 88 countries. Historically, the average for Cyprus from 1975 to 2024 is 19.89 percent. The minimum value, 12.12 percent, was reached in 1976 while the maximum of 28.42 percent was recorded in 2007. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes are compulsory, unrequited payments, in cash or in kind, made by institutionalunits to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.