Taxes on goods and services (current LCU), per unit of GDP in Cyprus
Cyprus: Taxes on goods and services (current LCU), per unit of GDP was 0.1099 current LCU per US$ of GDP in 2024. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Cyprus, 1975–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Cyprus recorded 0.1099 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2024.
That represents a change of down 2.1% on the previous year and up 8.0% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Cyprus peaked at 0.1195 current LCU per US$ of GDP in 2016 and was at its lowest, 0.0314 current LCU per US$ of GDP, in 1980.
Cyprus ranks 125th of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Cyprus, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1975 | 0.0463 current LCU per US$ of GDP | — |
| 1976 | 0.0427 current LCU per US$ of GDP | -7.7% |
| 1977 | 0.0413 current LCU per US$ of GDP | -3.3% |
| 1978 | 0.0467 current LCU per US$ of GDP | +13.0% |
| 1979 | 0.0498 current LCU per US$ of GDP | +6.6% |
| 1980 | 0.0314 current LCU per US$ of GDP | -36.9% |
| 1981 | 0.0331 current LCU per US$ of GDP | +5.3% |
| 1982 | 0.0393 current LCU per US$ of GDP | +18.9% |
| 1983 | 0.046 current LCU per US$ of GDP | +17.0% |
| 1984 | 0.0521 current LCU per US$ of GDP | +13.1% |
| 1985 | 0.056 current LCU per US$ of GDP | +7.5% |
| 1986 | 0.0449 current LCU per US$ of GDP | -19.7% |
| 1987 | 0.0405 current LCU per US$ of GDP | -9.8% |
| 1988 | 0.0405 current LCU per US$ of GDP | +0.0% |
| 1989 | 0.045 current LCU per US$ of GDP | +11.1% |
| 1990 | 0.0396 current LCU per US$ of GDP | -11.9% |
| 1991 | 0.039 current LCU per US$ of GDP | -1.6% |
| 1992 | 0.0475 current LCU per US$ of GDP | +21.7% |
| 1993 | 0.0662 current LCU per US$ of GDP | +39.5% |
| 1994 | 0.0759 current LCU per US$ of GDP | +14.5% |
| 1995 | 0.0632 current LCU per US$ of GDP | -16.7% |
| 1996 | 0.0647 current LCU per US$ of GDP | +2.4% |
| 1997 | 0.0683 current LCU per US$ of GDP | +5.7% |
| 1998 | 0.0752 current LCU per US$ of GDP | +10.1% |
| 1999 | 0.0769 current LCU per US$ of GDP | +2.2% |
| 2000 | 0.1025 current LCU per US$ of GDP | +33.2% |
| 2001 | 0.1106 current LCU per US$ of GDP | +8.0% |
| 2002 | 0.1065 current LCU per US$ of GDP | -3.7% |
| 2003 | 0.1056 current LCU per US$ of GDP | -0.8% |
| 2004 | 0.1038 current LCU per US$ of GDP | -1.7% |
| 2005 | 0.1074 current LCU per US$ of GDP | +3.5% |
| 2006 | 0.1073 current LCU per US$ of GDP | -0.1% |
| 2007 | 0.1024 current LCU per US$ of GDP | -4.5% |
| 2008 | 0.0951 current LCU per US$ of GDP | -7.1% |
| 2009 | 0.0891 current LCU per US$ of GDP | -6.4% |
| 2010 | 0.0931 current LCU per US$ of GDP | +4.5% |
| 2011 | 0.0855 current LCU per US$ of GDP | -8.2% |
| 2012 | 0.0965 current LCU per US$ of GDP | +12.9% |
| 2013 | 0.0923 current LCU per US$ of GDP | -4.3% |
| 2014 | 0.1018 current LCU per US$ of GDP | +10.4% |
| 2015 | 0.1189 current LCU per US$ of GDP | +16.8% |
| 2016 | 0.1195 current LCU per US$ of GDP | +0.5% |
| 2017 | 0.1156 current LCU per US$ of GDP | -3.2% |
| 2018 | 0.1124 current LCU per US$ of GDP | -2.8% |
| 2019 | 0.1137 current LCU per US$ of GDP | +1.1% |
| 2020 | 0.1014 current LCU per US$ of GDP | -10.8% |
| 2021 | 0.1003 current LCU per US$ of GDP | -1.0% |
| 2022 | 0.115 current LCU per US$ of GDP | +14.6% |
| 2023 | 0.1123 current LCU per US$ of GDP | -2.3% |
| 2024 | 0.1099 current LCU per US$ of GDP | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0454 current LCU per US$ of GDP | 0.0413 current LCU per US$ of GDP | 0.0498 current LCU per US$ of GDP | 5 |
| 1980s | 0.0429 current LCU per US$ of GDP | 0.0314 current LCU per US$ of GDP | 0.056 current LCU per US$ of GDP | 10 |
| 1990s | 0.0617 current LCU per US$ of GDP | 0.039 current LCU per US$ of GDP | 0.0769 current LCU per US$ of GDP | 10 |
| 2000s | 0.103 current LCU per US$ of GDP | 0.0891 current LCU per US$ of GDP | 0.1106 current LCU per US$ of GDP | 10 |
| 2010s | 0.1049 current LCU per US$ of GDP | 0.0855 current LCU per US$ of GDP | 0.1195 current LCU per US$ of GDP | 10 |
| 2020s | 0.1078 current LCU per US$ of GDP | 0.1003 current LCU per US$ of GDP | 0.115 current LCU per US$ of GDP | 5 |
Countries ranked near Cyprus
- 122 El Salvador 0.1141 current LCU per US$ of GDP compare
- 123 Bahamas 0.1137 current LCU per US$ of GDP compare
- 124 Portugal 0.1108 current LCU per US$ of GDP compare
- 126 Austria 0.1053 current LCU per US$ of GDP compare
- 127 Lithuania 0.1042 current LCU per US$ of GDP compare
- 128 Luxembourg 0.1042 current LCU per US$ of GDP 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), per unit of gdp in Cyprus?
- Taxes on goods and services (current lcu), per unit of gdp in Cyprus was 0.1099 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Cyprus?
- The highest recorded value was 0.1195 current LCU per US$ of GDP in 2016.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Cyprus?
- The lowest recorded value was 0.0314 current LCU per US$ of GDP in 1980.
- How does Cyprus rank for taxes on goods and services (current lcu), per unit of gdp?
- Cyprus ranks 125th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Cyprus?
- Over the last ten years it is up 8.0%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.