Cyprus: Fiscal freedom

* indicates monthly or quarterly data series
 Cyprus

Fiscal freedom index (0-100)

 Latest value 73
 Year 2023
 Measure points
 Data availability 1996 - 2023
 Average 75
 Min - Max 71 - 83
 Source The Heritage Foundation
For that indicator, we provide data for Cyprus from 1996 to 2023. The average value for Cyprus during that period was 75 points with a minimum of 71 points in 1997 and a maximum of 83 points in 2012. The latest value from 2023 is 73 points. For comparison, the world average in 2023 based on 174 countries is 55 points. 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 values chart
Cyprus - Fiscal freedom - recent values

Historical chart
Cyprus - Fiscal freedom - historical chart - 1996-2023




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.


 Related indicators Latest value Reference Measure
 Property rights 83 2023 points
 Freedom from corruption 59 2023 points
 Fiscal freedom 73 2023 points
 Business freedom 75 2023 points
 Labor freedom 67 2023 points
 Monetary freedom 81.50 2023 points
 Trade freedom 79 2023 points
 Investment freedom 75 2023 points
 Financial freedom 60 2023 points
 Economic freedom, overall index 72 2023 index points
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