Cyprus: Fiscal freedom

* indicates monthly or quarterly data series
 Cyprus

Fiscal freedom index (0-100)

 Latest value 79
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 76
 Min - Max 71 - 83
 Source The Heritage Foundation
The latest value from 2024 is 79 points, an increase from 73 points in 2023. In comparison, the world average is 52 points, based on data from 174 countries. Historically, the average for Cyprus from 1996 to 2024 is 76 points. The minimum value, 71 points, was reached in 1997 while the maximum of 83 points was recorded in 2012. 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 data
Cyprus - Fiscal freedom - Recent values chart

Historical series
Cyprus - Fiscal freedom - historical chart - 1996-2024




The Fiscal Freedom index for Cyprus from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.
Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.

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 Related indicators Latest Reference Measure
 Property rights 84 2024 points
 Freedom from corruption 56 2024 points
 Fiscal freedom 79 2024 points
 Business freedom 79 2024 points
 Labor freedom 67 2024 points
 Monetary freedom 74.50 2024 points
 Trade freedom 79 2024 points
 Investment freedom 75 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 72 2024 index points
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