Cyprus vs North America: Tax revenue
Cyprus
23.9%
in 2024
North America
11.0%
in 2024
Cyprus rank
21st
North America rank
22nd
Tax revenue over time
- Cyprus
- North America
How they compare
Cyprus currently reports 23.9% against 11.0% in North America, a difference of 12.9%.
That makes Cyprus's figure about 2.2 times North America's.
Across all 50 years both countries report, Cyprus has been ahead every year.
Cyprus ranks 21st and North America ranks 22nd of 157 countries.
Cyprus has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Cyprus | North America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 13.3% | 11.4% | 1.9% | Cyprus |
| 1980s | 16.0% | 11.0% | 5.0% | Cyprus |
| 1990s | 18.4% | 11.3% | 7.1% | Cyprus |
| 2000s | 23.3% | 10.8% | 12.6% | Cyprus |
| 2010s | 23.6% | 10.4% | 13.2% | Cyprus |
| 2020s | 23.0% | 11.3% | 11.6% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Cyprus or North America?
- Cyprus, at 23.9% against 11.0% in North America as of 2024.
- What is the difference in tax revenue between Cyprus and North America?
- 12.9%, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and North America?
- 50 years are reported by both, from 1975 to 2024.
- How do Cyprus and North America rank globally for tax revenue?
- Cyprus ranks 21st and North America ranks 22nd of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.