Subsidies and other transfers in Cyprus
Cyprus: Subsidies and other transfers was 47.9% in 2023. ▲ Rising
Subsidies and other transfers in Cyprus, 1980–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Cyprus recorded 47.9% for subsidies and other transfers in 2023. That is the highest value across all 44 years on record.
That represents a change of up 8.2% on the previous year and up 25.2% over ten years.
Over the whole period, subsidies and other transfers in Cyprus peaked at 47.9% in 2023 and was at its lowest, 3.9%, in 1987.
That places Cyprus 49th out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Subsidies and other transfers in Cyprus, year by year
| Year | % of expense | Change |
|---|---|---|
| 1980 | 9.3% | — |
| 1981 | 10.0% | +7.8% |
| 1982 | 8.4% | -16.3% |
| 1983 | 8.7% | +4.5% |
| 1984 | 9.2% | +5.1% |
| 1985 | 7.4% | -19.1% |
| 1986 | 5.0% | -33.1% |
| 1987 | 3.9% | -22.5% |
| 1988 | 5.1% | +32.1% |
| 1989 | 5.3% | +3.4% |
| 1990 | 28.3% | +437.4% |
| 1991 | 27.9% | -1.5% |
| 1992 | 29.8% | +6.9% |
| 1993 | 34.2% | +14.8% |
| 1994 | 35.5% | +4.0% |
| 1995 | 33.1% | -7.0% |
| 1996 | 33.7% | +1.9% |
| 1997 | 33.0% | -1.9% |
| 1998 | 32.3% | -2.2% |
| 1999 | 32.1% | -0.5% |
| 2000 | 34.1% | +6.1% |
| 2001 | 33.6% | -1.4% |
| 2002 | 34.1% | +1.4% |
| 2003 | 34.6% | +1.5% |
| 2004 | 37.2% | +7.4% |
| 2005 | 36.5% | -1.9% |
| 2006 | 35.4% | -3.0% |
| 2007 | 34.2% | -3.3% |
| 2008 | 34.3% | +0.4% |
| 2009 | 35.1% | +2.3% |
| 2010 | 36.9% | +5.0% |
| 2011 | 37.3% | +1.2% |
| 2012 | 30.7% | -17.6% |
| 2013 | 38.3% | +24.4% |
| 2014 | 33.3% | -13.0% |
| 2015 | 39.8% | +19.5% |
| 2016 | 42.4% | +6.5% |
| 2017 | 41.1% | -2.9% |
| 2018 | 36.1% | -12.3% |
| 2019 | 38.9% | +7.7% |
| 2020 | 47.3% | +21.9% |
| 2021 | 47.5% | +0.2% |
| 2022 | 44.3% | -6.8% |
| 2023 | 47.9% | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.2% | 3.9% | 10.0% | 10 |
| 1990s | 32.0% | 27.9% | 35.5% | 10 |
| 2000s | 34.9% | 33.6% | 37.2% | 10 |
| 2010s | 37.5% | 30.7% | 42.4% | 10 |
| 2020s | 46.7% | 44.3% | 47.9% | 4 |
Countries ranked near Cyprus
- 46 Bosnia and Herzegovina 49.4% compare
- 47 Uzbekistan 49.0% compare
- 48 Bulgaria 48.2% compare
- 50 Poland 47.6% compare
- 51 Lebanon 47.2% compare
- 52 United Kingdom of Great Britain and Northern Ireland 47.2% compare
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 subsidies and other transfers in Cyprus?
- Subsidies and other transfers in Cyprus was 47.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Cyprus?
- The highest recorded value was 47.9% in 2023.
- What is the lowest subsidies and other transfers recorded in Cyprus?
- The lowest recorded value was 3.9% in 1987.
- How does Cyprus rank for subsidies and other transfers?
- Cyprus ranks 49th out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Cyprus?
- Over the last ten years it is up 25.2%. 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.