Cyprus: Government expenditure
* indicates monthly or quarterly data series
The most recent value is 1.48 billion Euro as of Q2 2024, an increase compared to the previous value of 1.42 billion Euro. Historically, the average for Cyprus from Q1 1995 to Q2 2024 is 0.74 billion Euro. The minimum of 0.19 billion Euro was recorded in Q2 1995, while the maximum of 1.7 billion Euro was reached in Q4 2023.
Click on the following link to see the values of: Government expenditure around the world.
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* indicates monthly or quarterly data series
- Measure: billion Euro
- Source: Eurostat
| Recent values | Cyprus: Government expenditure, billion currency units |
|---|---|
| 2024 Q2 | 1.48 |
| 2024 Q1 | 1.42 |
| 2023 Q4 | 1.7 |
| 2023 Q3 | 1.36 |
| 2023 Q2 | 1.35 |
| 2023 Q1 | 1.3 |
| 2022 Q4 | 1.54 |
| 2022 Q3 | 1.25 |
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Definition: Total spending by all levels of government but excluding public enterprises.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 18.48 | 2022 | percent |
| Government spending, in dollars | 6.17 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 3.10 | 2023 | percent |
| Government debt | 77.30 | 2023 | percent |
| Government expenditure | 1.48 | Q2/2024 | 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 |