Social contributions in Cyprus
Cyprus: Social contributions was 4.52 billion current LCU in 2024. ◆ Volatile
Social contributions in Cyprus, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Cyprus recorded 4.52 billion current LCU for social contributions in 2024. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 143.6% over ten years.
Over the whole period, social contributions in Cyprus peaked at 4.52 billion current LCU in 2024 and was at its lowest, 6.32 million current LCU, in 1972.
That places Cyprus 84th out of 112 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions in Cyprus, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 6.32 million current LCU | — |
| 1973 | 7.88 million current LCU | +24.6% |
| 1974 | 7.26 million current LCU | -7.8% |
| 1975 | 7.35 million current LCU | +1.2% |
| 1976 | 8.95 million current LCU | +21.9% |
| 1977 | 11.33 million current LCU | +26.5% |
| 1978 | 16.54 million current LCU | +46.0% |
| 1979 | 19.87 million current LCU | +20.1% |
| 1980 | 28.88 million current LCU | +45.3% |
| 1981 | 65.46 million current LCU | +126.7% |
| 1982 | 73.50 million current LCU | +12.3% |
| 1983 | 82.61 million current LCU | +12.4% |
| 1984 | 100.36 million current LCU | +21.5% |
| 1985 | 113.23 million current LCU | +12.8% |
| 1986 | 122.85 million current LCU | +8.5% |
| 1987 | 133.82 million current LCU | +8.9% |
| 1988 | 150.05 million current LCU | +12.1% |
| 1989 | 164.44 million current LCU | +9.6% |
| 1990 | 187.98 million current LCU | +14.3% |
| 1991 | 201.60 million current LCU | +7.2% |
| 1992 | 230.22 million current LCU | +14.2% |
| 1993 | 265.86 million current LCU | +15.5% |
| 1994 | 292.72 million current LCU | +10.1% |
| 1995 | 562.80 million current LCU | +92.3% |
| 1996 | 603.30 million current LCU | +7.2% |
| 1997 | 648.90 million current LCU | +7.6% |
| 1998 | 715.40 million current LCU | +10.2% |
| 1999 | 751.80 million current LCU | +5.1% |
| 2000 | 826.20 million current LCU | +9.9% |
| 2001 | 893.40 million current LCU | +8.1% |
| 2002 | 931.30 million current LCU | +4.2% |
| 2003 | 1.07 billion current LCU | +14.9% |
| 2004 | 1.24 billion current LCU | +15.6% |
| 2005 | 1.37 billion current LCU | +11.1% |
| 2006 | 1.42 billion current LCU | +3.3% |
| 2007 | 1.53 billion current LCU | +7.8% |
| 2008 | 1.66 billion current LCU | +8.3% |
| 2009 | 1.85 billion current LCU | +11.8% |
| 2010 | 1.92 billion current LCU | +3.9% |
| 2011 | 1.97 billion current LCU | +2.6% |
| 2012 | 1.99 billion current LCU | +0.9% |
| 2013 | 1.88 billion current LCU | -5.4% |
| 2014 | 1.86 billion current LCU | -1.4% |
| 2015 | 1.89 billion current LCU | +1.8% |
| 2016 | 1.92 billion current LCU | +1.5% |
| 2017 | 2.08 billion current LCU | +8.7% |
| 2018 | 2.23 billion current LCU | +7.0% |
| 2019 | 2.78 billion current LCU | +24.8% |
| 2020 | 2.84 billion current LCU | +2.2% |
| 2021 | 3.15 billion current LCU | +11.0% |
| 2022 | 3.52 billion current LCU | +11.6% |
| 2023 | 4.38 billion current LCU | +24.5% |
| 2024 | 4.52 billion current LCU | +3.2% |
Cyprus compared with similar countries
- Cyprus's 4.52 billion current LCU is below the median for high income countries, which is 35.12 billion current LCU, 13% of the median. (49 countries reporting)
- Cyprus's 4.52 billion current LCU is below the median for Europe & Central Asia, which is 64.53 billion current LCU, 7% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Social contributions 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 |
|---|---|---|---|
| 1981 | +126.7% | 28.88 million current LCU | 65.46 million current LCU |
| 1995 | +92.3% | 292.72 million current LCU | 562.80 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.69 million current LCU | 6.32 million current LCU | 19.87 million current LCU | 8 |
| 1980s | 103.52 million current LCU | 28.88 million current LCU | 164.44 million current LCU | 10 |
| 1990s | 446.06 million current LCU | 187.98 million current LCU | 751.80 million current LCU | 10 |
| 2000s | 1.28 billion current LCU | 826.20 million current LCU | 1.85 billion current LCU | 10 |
| 2010s | 2.05 billion current LCU | 1.86 billion current LCU | 2.78 billion current LCU | 10 |
| 2020s | 3.68 billion current LCU | 2.84 billion current LCU | 4.52 billion current LCU | 5 |
Countries ranked near Cyprus
- 81 Tajikistan 4.92 billion current LCU compare
- 82 Trinidad and Tobago 4.70 billion current LCU compare
- 83 Latvia 4.62 billion current LCU compare
- 85 Afghanistan 3.72 billion current LCU compare
- 86 Niger 3.08 billion current LCU compare
- 87 New Zealand 2.95 billion current LCU compare
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 social contributions in Cyprus?
- Social contributions in Cyprus was 4.52 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Cyprus?
- The highest recorded value was 4.52 billion current LCU in 2024.
- What is the lowest social contributions recorded in Cyprus?
- The lowest recorded value was 6.32 million current LCU in 1972.
- How does Cyprus rank for social contributions?
- Cyprus ranks 84th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Cyprus?
- Over the last ten years it is up 143.6%. 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.