Social contributions (% of revenue) in Cyprus
Cyprus: Social contributions (% of revenue) was 31.8% in 2024. ▲ Rising
Social contributions in Cyprus, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Cyprus recorded 31.8% for social contributions in 2024.
Compared with earlier readings it is down 3.7% on the previous year and up 24.2% over ten years.
Over the whole period, social contributions in Cyprus peaked at 33.0% in 2023 and was at its lowest, 6.2%, in 1977.
That places Cyprus 20th out of 112 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Social contributions (% of revenue) in Cyprus, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 7.1% | — |
| 1973 | 7.6% | +8.2% |
| 1974 | 7.0% | -9.0% |
| 1975 | 6.4% | -7.5% |
| 1976 | 6.7% | +3.5% |
| 1977 | 6.2% | -6.7% |
| 1978 | 8.5% | +37.5% |
| 1979 | 8.5% | -0.3% |
| 1980 | 9.7% | +14.3% |
| 1981 | 18.9% | +93.7% |
| 1982 | 17.1% | -9.5% |
| 1983 | 16.7% | -1.8% |
| 1984 | 17.1% | +1.9% |
| 1985 | 17.0% | -0.4% |
| 1986 | 16.9% | -0.8% |
| 1987 | 17.0% | +0.8% |
| 1988 | 16.4% | -3.6% |
| 1989 | 15.2% | -7.1% |
| 1990 | 15.5% | +1.8% |
| 1991 | 16.3% | +5.1% |
| 1992 | 15.4% | -5.4% |
| 1993 | 15.7% | +1.8% |
| 1994 | 15.0% | -4.6% |
| 1995 | 23.9% | +59.8% |
| 1996 | 24.8% | +3.8% |
| 1997 | 25.9% | +4.4% |
| 1998 | 25.6% | -1.3% |
| 1999 | 25.3% | -1.2% |
| 2000 | 23.7% | -6.2% |
| 2001 | 23.2% | -2.1% |
| 2002 | 23.4% | +0.8% |
| 2003 | 23.5% | +0.4% |
| 2004 | 25.0% | +6.3% |
| 2005 | 24.5% | -2.0% |
| 2006 | 23.1% | -5.7% |
| 2007 | 21.0% | -9.2% |
| 2008 | 21.8% | +4.0% |
| 2009 | 26.3% | +20.6% |
| 2010 | 26.1% | -0.8% |
| 2011 | 26.6% | +1.7% |
| 2012 | 27.0% | +1.7% |
| 2013 | 26.8% | -0.7% |
| 2014 | 25.6% | -4.7% |
| 2015 | 26.0% | +1.8% |
| 2016 | 26.2% | +0.5% |
| 2017 | 26.3% | +0.5% |
| 2018 | 26.0% | -1.0% |
| 2019 | 30.0% | +15.1% |
| 2020 | 32.8% | +9.4% |
| 2021 | 31.1% | -5.2% |
| 2022 | 30.5% | -2.0% |
| 2023 | 33.0% | +8.3% |
| 2024 | 31.8% | -3.7% |
Cyprus compared with similar countries
- Cyprus's 31.8% is above the median for high income countries, which is 28.1%, 1.1× the median. (49 countries reporting)
- Cyprus's 31.8% is above the median for Europe & Central Asia, which is 29.8%, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Social contributions (% of revenue) 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 | +93.7% | 9.7% | 18.9% |
| 1995 | +59.8% | 15.0% | 23.9% |
| 1978 | +37.5% | 6.2% | 8.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.3% | 6.2% | 8.5% | 8 |
| 1980s | 16.2% | 9.7% | 18.9% | 10 |
| 1990s | 20.3% | 15.0% | 25.9% | 10 |
| 2000s | 23.6% | 21.0% | 26.3% | 10 |
| 2010s | 26.7% | 25.6% | 30.0% | 10 |
| 2020s | 31.8% | 30.5% | 33.0% | 5 |
Countries ranked near Cyprus
More public sector data for Cyprus
- Democracy, 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)
- Elected parliament, 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)
- Arms imports 28.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 84.67 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0031 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -63.33 % change on previous year (2021)
Frequently asked questions
- What is social contributions in Cyprus?
- Social contributions in Cyprus was 31.8% 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 33.0% in 2023.
- What is the lowest social contributions recorded in Cyprus?
- The lowest recorded value was 6.2% in 1977.
- How does Cyprus rank for social contributions?
- Cyprus ranks 20th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Cyprus?
- Over the last ten years it is up 24.2%. The long-run trend across the full record is rising.
- 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.