Social contributions in Cyprus
Cyprus: Social contributions 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 19th 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 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% |
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
- Arms imports 115.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 115.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 440.4 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0159 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 7.03 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 598.19 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,190 SIPRI trend indicator values per square kilometre (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 19th 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.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.