Cyprus: Taxes on international trade
* indicates monthly or quarterly data series
| Cyprus |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 0.03 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1995 - 2022 |
| Average | 1.98 |
| Min - Max | -0.02 - 9.59 |
| Source | The World Bank |
The latest value from 2022 is 0.03 percent, a decline from 0.21 percent in 2021. In comparison, the world average is 6.13 percent, based on data from 74 countries. Historically, the average for Cyprus from 1995 to 2022 is 1.98 percent. The minimum value, -0.02 percent, was reached in 2016 while the maximum of 9.59 percent was recorded in 1995.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 19.15 | 2023 | percent |
| Government spending, in dollars | 6.29 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 3.10 | 2023 | percent |
| Government debt | 77.30 | 2023 | percent |
| Government expenditure | 1.46 | Q1/2025 | billion |
| Tax revenue | 24.71 | 2022 | 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 | 42.71 | 2022 | percent |
| Taxes on international trade | 0.03 | 2022 | percent |
| Income and profits taxes | 34.01 | 2022 | percent |
| Foreign aid | 59.86 | 2004 | million U.S. dollars |