Taxes on goods and services (current LCU), annual growth rate in Cyprus
Cyprus: Taxes on goods and services (current LCU), annual growth rate was 5.05 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Cyprus, 1973–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes on goods and services (current lcu), annual growth rate in Cyprus is 5.05 % change on previous year, measured in 2024.
Compared with earlier readings it is down 48.0% on the previous year and down 27.6% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Cyprus peaked at 48.23 % change on previous year in 1978 and was at its lowest, -13 % change on previous year, in 2020.
That places Cyprus 110th out of 156 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.
Taxes on goods and services (current LCU), annual growth rate in Cyprus, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1973 | 33.76 % change on previous year | — |
| 1974 | -11.66 % change on previous year | -134.5% |
| 1975 | -10.16 % change on previous year | -12.9% |
| 1976 | 8.52 % change on previous year | -183.9% |
| 1977 | 23.4 % change on previous year | +174.8% |
| 1978 | 48.23 % change on previous year | +106.1% |
| 1979 | 42.52 % change on previous year | -11.8% |
| 1980 | 5.49 % change on previous year | -87.1% |
| 1981 | 1.99 % change on previous year | -63.6% |
| 1982 | 23.03 % change on previous year | +1054.2% |
| 1983 | 17.11 % change on previous year | -25.7% |
| 1984 | 19.3 % change on previous year | +12.8% |
| 1985 | 14.68 % change on previous year | -23.9% |
| 1986 | 2.07 % change on previous year | -85.9% |
| 1987 | 8.07 % change on previous year | +289.5% |
| 1988 | 15.53 % change on previous year | +92.4% |
| 1989 | 18.47 % change on previous year | +18.9% |
| 1990 | 7.9 % change on previous year | -57.3% |
| 1991 | 1.59 % change on previous year | -79.9% |
| 1992 | 45.81 % change on previous year | +2784.9% |
| 1993 | 33.01 % change on previous year | -27.9% |
| 1994 | 29.04 % change on previous year | -12.0% |
| 1995 | 11.4 % change on previous year | -60.7% |
| 1996 | 3.19 % change on previous year | -72.0% |
| 1997 | 0.7566 % change on previous year | -76.3% |
| 1998 | 18.18 % change on previous year | +2302.2% |
| 1999 | 4.71 % change on previous year | -74.1% |
| 2000 | 26.73 % change on previous year | +467.8% |
| 2001 | 12.44 % change on previous year | -53.5% |
| 2002 | 5.75 % change on previous year | -53.8% |
| 2003 | 26.3 % change on previous year | +357.1% |
| 2004 | 16.99 % change on previous year | -35.4% |
| 2005 | 10.14 % change on previous year | -40.3% |
| 2006 | 8.74 % change on previous year | -13.8% |
| 2007 | 14.01 % change on previous year | +60.3% |
| 2008 | 8.32 % change on previous year | -40.6% |
| 2009 | -12.76 % change on previous year | -253.4% |
| 2010 | 3.52 % change on previous year | -127.6% |
| 2011 | -1.63 % change on previous year | -146.3% |
| 2012 | 2.28 % change on previous year | -239.5% |
| 2013 | -8.5 % change on previous year | -473.3% |
| 2014 | 6.98 % change on previous year | -182.1% |
| 2015 | 0.0803 % change on previous year | -98.8% |
| 2016 | 6.29 % change on previous year | +7725.3% |
| 2017 | 5.49 % change on previous year | -12.7% |
| 2018 | 9.13 % change on previous year | +66.3% |
| 2019 | 2.83 % change on previous year | -69.0% |
| 2020 | -13 % change on previous year | -560.1% |
| 2021 | 17.61 % change on previous year | -235.5% |
| 2022 | 17.8 % change on previous year | +1.0% |
| 2023 | 9.72 % change on previous year | -45.4% |
| 2024 | 5.05 % change on previous year | -48.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.23 % change on previous year | -11.66 % change on previous year | 48.23 % change on previous year | 7 |
| 1980s | 12.57 % change on previous year | 1.99 % change on previous year | 23.03 % change on previous year | 10 |
| 1990s | 15.56 % change on previous year | 0.7566 % change on previous year | 45.81 % change on previous year | 10 |
| 2000s | 11.67 % change on previous year | -12.76 % change on previous year | 26.73 % change on previous year | 10 |
| 2010s | 2.65 % change on previous year | -8.5 % change on previous year | 9.13 % change on previous year | 10 |
| 2020s | 7.44 % change on previous year | -13 % change on previous year | 17.8 % change on previous year | 5 |
Countries ranked near Cyprus
- 107 Italy 5.54 % change on previous year compare
- 108 Panama 5.54 % change on previous year compare
- 109 Czechia 5.34 % change on previous year compare
- 111 Latvia 4.97 % change on previous year compare
- 112 Canada 4.81 % change on previous year compare
- 113 Germany 4.76 % change on previous year 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 taxes on goods and services (current lcu), annual growth rate in Cyprus?
- Taxes on goods and services (current lcu), annual growth rate in Cyprus was 5.05 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Cyprus?
- The highest recorded value was 48.23 % change on previous year in 1978.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Cyprus?
- The lowest recorded value was -13 % change on previous year in 2020.
- How does Cyprus rank for taxes on goods and services (current lcu), annual growth rate?
- Cyprus ranks 110th out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Cyprus?
- Over the last ten years it is down 27.6%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.