Tax revenue (current LCU) in Cyprus
Cyprus: Tax revenue (current LCU) was 8.32 billion current LCU in 2024. ◆ Volatile
Latest (2024)
8.32 billion current LCU
Change on year
up 10.2%
World rank
130th
of 157 countries
All-time high
8.32 billion current LCU
in 2024
All-time low
58.79 million current LCU
in 1975
Years of data
53
1972–2024
Tax revenue in Cyprus, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in Cyprus is 8.32 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
That represents a change of up 10.2% on the previous year and up 92.7% over ten years.
Over the whole period, tax revenue in Cyprus peaked at 8.32 billion current LCU in 2024 and was at its lowest, 58.79 million current LCU, in 1975.
That places Cyprus 130th out of 157 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue (current LCU) in Cyprus, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 60.33 million current LCU | — |
| 1973 | 75.54 million current LCU | +25.2% |
| 1974 | 62.06 million current LCU | -17.8% |
| 1975 | 58.79 million current LCU | -5.3% |
| 1976 | 69.15 million current LCU | +17.6% |
| 1977 | 95.65 million current LCU | +38.3% |
| 1978 | 117.52 million current LCU | +22.9% |
| 1979 | 152.80 million current LCU | +30.0% |
| 1980 | 192.10 million current LCU | +25.7% |
| 1981 | 206.45 million current LCU | +7.5% |
| 1982 | 249.39 million current LCU | +20.8% |
| 1983 | 299.21 million current LCU | +20.0% |
| 1984 | 368.63 million current LCU | +23.2% |
| 1985 | 419.29 million current LCU | +13.7% |
| 1986 | 456.83 million current LCU | +9.0% |
| 1987 | 496.74 million current LCU | +8.7% |
| 1988 | 592.92 million current LCU | +19.4% |
| 1989 | 707.87 million current LCU | +19.4% |
| 1990 | 787.31 million current LCU | +11.2% |
| 1991 | 776.00 million current LCU | -1.4% |
| 1992 | 957.81 million current LCU | +23.4% |
| 1993 | 1.09 billion current LCU | +13.7% |
| 1994 | 1.30 billion current LCU | +19.2% |
| 1995 | 1.42 billion current LCU | +9.1% |
| 1996 | 1.42 billion current LCU | +0.6% |
| 1997 | 1.43 billion current LCU | +0.7% |
| 1998 | 1.66 billion current LCU | +15.8% |
| 1999 | 1.83 billion current LCU | +10.5% |
| 2000 | 2.20 billion current LCU | +20.1% |
| 2001 | 2.43 billion current LCU | +10.3% |
| 2002 | 2.55 billion current LCU | +4.7% |
| 2003 | 2.83 billion current LCU | +11.1% |
| 2004 | 3.02 billion current LCU | +7.0% |
| 2005 | 3.43 billion current LCU | +13.5% |
| 2006 | 3.89 billion current LCU | +13.3% |
| 2007 | 4.98 billion current LCU | +28.0% |
| 2008 | 5.12 billion current LCU | +2.9% |
| 2009 | 4.34 billion current LCU | -15.2% |
| 2010 | 4.49 billion current LCU | +3.3% |
| 2011 | 4.60 billion current LCU | +2.5% |
| 2012 | 4.55 billion current LCU | -1.0% |
| 2013 | 4.24 billion current LCU | -6.7% |
| 2014 | 4.32 billion current LCU | +1.8% |
| 2015 | 4.32 billion current LCU | -0.1% |
| 2016 | 4.47 billion current LCU | +3.6% |
| 2017 | 4.84 billion current LCU | +8.2% |
| 2018 | 5.20 billion current LCU | +7.4% |
| 2019 | 5.40 billion current LCU | +3.9% |
| 2020 | 4.91 billion current LCU | -9.1% |
| 2021 | 5.79 billion current LCU | +18.0% |
| 2022 | 6.83 billion current LCU | +17.8% |
| 2023 | 7.56 billion current LCU | +10.7% |
| 2024 | 8.32 billion current LCU | +10.2% |
Cyprus compared with similar countries
- Cyprus's 8.32 billion current LCU is below the median for high income countries, which is 103.80 billion current LCU, 8% of the median. (57 countries reporting)
- Cyprus's 8.32 billion current LCU is below the median for Europe & Central Asia, which is 161.58 billion current LCU, 5% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 86.48 million current LCU | 58.79 million current LCU | 152.80 million current LCU | 8 |
| 1980s | 398.94 million current LCU | 192.10 million current LCU | 707.87 million current LCU | 10 |
| 1990s | 1.27 billion current LCU | 776.00 million current LCU | 1.83 billion current LCU | 10 |
| 2000s | 3.48 billion current LCU | 2.20 billion current LCU | 5.12 billion current LCU | 10 |
| 2010s | 4.64 billion current LCU | 4.24 billion current LCU | 5.40 billion current LCU | 10 |
| 2020s | 6.68 billion current LCU | 4.91 billion current LCU | 8.32 billion current LCU | 5 |
Countries ranked near Cyprus
- 127 United Arab Emirates 13.13 billion current LCU compare
- 128 Bosnia and Herzegovina 10.87 billion current LCU compare
- 129 Estonia 9.03 billion current LCU compare
- 131 El Salvador 7.60 billion current LCU compare
- 132 Latvia 7.17 billion current LCU compare
- 133 Panama 6.21 billion current LCU compare
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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 tax revenue in Cyprus?
- Tax revenue in Cyprus was 8.32 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Cyprus?
- The highest recorded value was 8.32 billion current LCU in 2024.
- What is the lowest tax revenue recorded in Cyprus?
- The lowest recorded value was 58.79 million current LCU in 1975.
- How does Cyprus rank for tax revenue?
- Cyprus ranks 130th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Cyprus?
- Over the last ten years it is up 92.7%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.