Cyprus: Taxes on goods and services

* indicates monthly or quarterly data series
 Cyprus

Taxes on goods and services, percent of total revenue

 Latest value 31.65
 Year 2021
 Measure percent
 Data availability 1972 - 2021
 Average 27.82
 Min - Max 16.65 - 38.15
 Source The World Bank
For that indicator, we provide data for Cyprus from 1972 to 2021. The average value for Cyprus during that period was 27.82 percent with a minimum of 16.65 percent in 1977 and a maximum of 38.15 percent in 2004. The latest value from 2021 is 31.65 percent. For comparison, the world average in 2021 based on 104 countries is 33.72 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Cyprus - Taxes on goods and services - Recent values chart

Historical chart
Cyprus - Taxes on goods and services - historical chart - 1972-2021




Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.


 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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