Customs and other import duties (current LCU) in Cyprus
Cyprus: Customs and other import duties (current LCU) was 14.90 million current LCU in 2019. ◆ Volatile
Customs and other import duties in Cyprus, 1972–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2019, customs and other import duties in Cyprus stood at 14.90 million current LCU.
Compared with earlier readings it is up 231.1% on the previous year and up 2,028.6% over ten years.
Over the whole period, customs and other import duties in Cyprus peaked at 210.47 million current LCU in 1992 and was at its lowest, -1.30 million current LCU, in 2016.
That places Cyprus 130th out of 152 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Customs and other import duties (current LCU) in Cyprus, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 24.31 million current LCU | — |
| 1973 | 28.17 million current LCU | +15.9% |
| 1974 | 19.41 million current LCU | -31.1% |
| 1975 | 13.50 million current LCU | -30.5% |
| 1976 | 18.93 million current LCU | +40.3% |
| 1977 | 37.23 million current LCU | +96.7% |
| 1978 | 39.08 million current LCU | +5.0% |
| 1979 | 44.00 million current LCU | +12.6% |
| 1980 | 56.28 million current LCU | +27.9% |
| 1981 | 64.53 million current LCU | +14.7% |
| 1982 | 80.82 million current LCU | +25.2% |
| 1983 | 94.11 million current LCU | +16.4% |
| 1984 | 111.76 million current LCU | +18.8% |
| 1985 | 120.42 million current LCU | +7.8% |
| 1986 | 120.59 million current LCU | +0.1% |
| 1987 | 133.94 million current LCU | +11.1% |
| 1988 | 157.64 million current LCU | +17.7% |
| 1989 | 180.28 million current LCU | +14.4% |
| 1990 | 189.36 million current LCU | +5.0% |
| 1991 | 192.24 million current LCU | +1.5% |
| 1992 | 210.47 million current LCU | +9.5% |
| 1993 | 173.95 million current LCU | -17.3% |
| 1994 | 166.47 million current LCU | -4.3% |
| 1995 | 172.60 million current LCU | +3.7% |
| 1996 | 163.30 million current LCU | -5.4% |
| 1997 | 133.80 million current LCU | -18.1% |
| 1998 | 100.00 million current LCU | -25.3% |
| 1999 | 102.70 million current LCU | +2.7% |
| 2000 | 119.40 million current LCU | +16.3% |
| 2001 | 130.70 million current LCU | +9.5% |
| 2002 | 129.20 million current LCU | -1.1% |
| 2003 | 113.30 million current LCU | -12.3% |
| 2004 | 43.30 million current LCU | -61.8% |
| 2005 | 1.50 million current LCU | -96.5% |
| 2006 | 1.50 million current LCU | +0.0% |
| 2007 | 300,000 current LCU | -80.0% |
| 2008 | 1.10 million current LCU | +266.7% |
| 2009 | 700,000 current LCU | -36.4% |
| 2010 | 1.20 million current LCU | +71.4% |
| 2011 | 1.90 million current LCU | +58.3% |
| 2012 | 1.40 million current LCU | -26.3% |
| 2013 | 2.40 million current LCU | +71.4% |
| 2014 | 100,000 current LCU | -95.8% |
| 2015 | 3.90 million current LCU | +3800.0% |
| 2016 | -1.30 million current LCU | -133.3% |
| 2017 | 4.80 million current LCU | -469.2% |
| 2018 | 4.50 million current LCU | -6.2% |
| 2019 | 14.90 million current LCU | +231.1% |
Cyprus compared with similar countries
- Cyprus's 14.90 million current LCU is below the median for high income countries, which is 83.80 million current LCU, 18% of the median. (54 countries reporting)
- Cyprus's 14.90 million current LCU is below the median for Europe & Central Asia, which is 138.90 million current LCU, 11% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Customs and other import duties (current LCU) in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +3800.0% | 100,000 current LCU | 3.90 million current LCU |
| 2017 | +469.2% | -1.30 million current LCU | 4.80 million current LCU |
| 2008 | +266.7% | 300,000 current LCU | 1.10 million current LCU |
| 2019 | +231.1% | 4.50 million current LCU | 14.90 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.08 million current LCU | 13.50 million current LCU | 44.00 million current LCU | 8 |
| 1980s | 112.04 million current LCU | 56.28 million current LCU | 180.28 million current LCU | 10 |
| 1990s | 160.49 million current LCU | 100.00 million current LCU | 210.47 million current LCU | 10 |
| 2000s | 54.10 million current LCU | 300,000 current LCU | 130.70 million current LCU | 10 |
| 2010s | 3.38 million current LCU | -1.30 million current LCU | 14.90 million current LCU | 10 |
Countries ranked near Cyprus
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Frequently asked questions
- What is customs and other import duties in Cyprus?
- Customs and other import duties in Cyprus was 14.90 million current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Cyprus?
- The highest recorded value was 210.47 million current LCU in 1992.
- What is the lowest customs and other import duties recorded in Cyprus?
- The lowest recorded value was -1.30 million current LCU in 2016.
- How does Cyprus rank for customs and other import duties?
- Cyprus ranks 130th out of 152 countries with data for 2019.
- Is customs and other import duties rising or falling in Cyprus?
- Over the last ten years it is up 2,028.6%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.