Expense in Cyprus
Cyprus: Expense was 12.48 billion current LCU in 2023. ◆ Volatile
Latest (2023)
12.48 billion current LCU
Change on year
up 16.3%
World rank
131st
of 157 countries
All-time high
12.48 billion current LCU
in 2023
All-time low
79.35 million current LCU
in 1972
Years of data
52
1972–2023
Expense in Cyprus, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Cyprus recorded 12.48 billion current LCU for expense in 2023. That is the highest value across all 52 years on record.
The figure is up 16.3% on the previous year and up 54.0% over ten years.
Over the whole period, expense in Cyprus peaked at 12.48 billion current LCU in 2023 and was at its lowest, 79.35 million current LCU, in 1972.
That places Cyprus 131st out of 157 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Expense in Cyprus, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 79.35 million current LCU | — |
| 1973 | 106.07 million current LCU | +33.7% |
| 1974 | 125.53 million current LCU | +18.3% |
| 1975 | 132.67 million current LCU | +5.7% |
| 1976 | 147.66 million current LCU | +11.3% |
| 1977 | 168.76 million current LCU | +14.3% |
| 1978 | 205.48 million current LCU | +21.8% |
| 1979 | 242.13 million current LCU | +17.8% |
| 1980 | 318.40 million current LCU | +31.5% |
| 1981 | 385.10 million current LCU | +20.9% |
| 1982 | 468.48 million current LCU | +21.7% |
| 1983 | 593.19 million current LCU | +26.6% |
| 1984 | 609.12 million current LCU | +2.7% |
| 1985 | 688.84 million current LCU | +13.1% |
| 1986 | 691.20 million current LCU | +0.3% |
| 1987 | 832.60 million current LCU | +20.5% |
| 1988 | 944.72 million current LCU | +13.5% |
| 1989 | 1.06 billion current LCU | +12.1% |
| 1990 | 1.29 billion current LCU | +21.6% |
| 1991 | 1.39 billion current LCU | +7.9% |
| 1992 | 1.57 billion current LCU | +13.2% |
| 1993 | 1.64 billion current LCU | +4.5% |
| 1994 | 1.86 billion current LCU | +13.2% |
| 1995 | 2.19 billion current LCU | +17.4% |
| 1996 | 2.37 billion current LCU | +8.5% |
| 1997 | 2.61 billion current LCU | +10.1% |
| 1998 | 3.01 billion current LCU | +15.5% |
| 1999 | 3.19 billion current LCU | +5.9% |
| 2000 | 3.53 billion current LCU | +10.6% |
| 2001 | 3.87 billion current LCU | +9.7% |
| 2002 | 4.21 billion current LCU | +8.7% |
| 2003 | 5.00 billion current LCU | +18.7% |
| 2004 | 5.19 billion current LCU | +3.8% |
| 2005 | 5.71 billion current LCU | +10.0% |
| 2006 | 6.08 billion current LCU | +6.5% |
| 2007 | 6.54 billion current LCU | +7.5% |
| 2008 | 7.22 billion current LCU | +10.4% |
| 2009 | 7.63 billion current LCU | +5.6% |
| 2010 | 7.90 billion current LCU | +3.6% |
| 2011 | 8.31 billion current LCU | +5.2% |
| 2012 | 10.26 billion current LCU | +23.4% |
| 2013 | 8.10 billion current LCU | -21.1% |
| 2014 | 8.90 billion current LCU | +9.8% |
| 2015 | 7.49 billion current LCU | -15.8% |
| 2016 | 7.25 billion current LCU | -3.2% |
| 2017 | 7.48 billion current LCU | +3.2% |
| 2018 | 8.80 billion current LCU | +17.5% |
| 2019 | 9.01 billion current LCU | +2.4% |
| 2020 | 9.78 billion current LCU | +8.5% |
| 2021 | 10.45 billion current LCU | +6.9% |
| 2022 | 10.73 billion current LCU | +2.7% |
| 2023 | 12.48 billion current LCU | +16.3% |
Cyprus compared with similar countries
- Cyprus's 12.48 billion current LCU is below the median for high income countries, which is 134.42 billion current LCU, 9% of the median. (57 countries reporting)
- Cyprus's 12.48 billion current LCU is below the median for Europe & Central Asia, which is 301.38 billion current LCU, 4% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 150.95 million current LCU | 79.35 million current LCU | 242.13 million current LCU | 8 |
| 1980s | 659.11 million current LCU | 318.40 million current LCU | 1.06 billion current LCU | 10 |
| 1990s | 2.11 billion current LCU | 1.29 billion current LCU | 3.19 billion current LCU | 10 |
| 2000s | 5.50 billion current LCU | 3.53 billion current LCU | 7.63 billion current LCU | 10 |
| 2010s | 8.35 billion current LCU | 7.25 billion current LCU | 10.26 billion current LCU | 10 |
| 2020s | 10.86 billion current LCU | 9.78 billion current LCU | 12.48 billion current LCU | 4 |
Countries ranked near Cyprus
More public sector data for Cyprus
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is expense in Cyprus?
- Expense in Cyprus was 12.48 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Cyprus?
- The highest recorded value was 12.48 billion current LCU in 2023.
- What is the lowest expense recorded in Cyprus?
- The lowest recorded value was 79.35 million current LCU in 1972.
- How does Cyprus rank for expense?
- Cyprus ranks 131st out of 157 countries with data for 2023.
- Is expense rising or falling in Cyprus?
- Over the last ten years it is up 54.0%. 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 Expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. 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.