Taxes on income, profits and capital gains in Cyprus
Cyprus: Taxes on income, profits and capital gains was 3.72 billion current LCU in 2024. ◆ Volatile
Latest (2024)
3.72 billion current LCU
Change on year
up 17.0%
World rank
119th
of 153 countries
All-time high
3.72 billion current LCU
in 2024
All-time low
12.34 million current LCU
in 1972
Years of data
53
1972–2024
Taxes on income, profits and capital gains 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 taxes on income, profits and capital gains in Cyprus is 3.72 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
That represents a change of up 17.0% on the previous year and up 127.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in Cyprus peaked at 3.72 billion current LCU in 2024 and was at its lowest, 12.34 million current LCU, in 1972.
Cyprus ranks 119th of 153 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains in Cyprus, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 12.34 million current LCU | — |
| 1973 | 15.89 million current LCU | +28.8% |
| 1974 | 15.29 million current LCU | -3.8% |
| 1975 | 21.02 million current LCU | +37.4% |
| 1976 | 23.25 million current LCU | +10.7% |
| 1977 | 24.28 million current LCU | +4.4% |
| 1978 | 29.64 million current LCU | +22.1% |
| 1979 | 40.08 million current LCU | +35.2% |
| 1980 | 62.26 million current LCU | +55.3% |
| 1981 | 65.10 million current LCU | +4.6% |
| 1982 | 75.20 million current LCU | +15.5% |
| 1983 | 96.19 million current LCU | +27.9% |
| 1984 | 117.52 million current LCU | +22.2% |
| 1985 | 138.47 million current LCU | +17.8% |
| 1986 | 140.24 million current LCU | +1.3% |
| 1987 | 159.67 million current LCU | +13.9% |
| 1988 | 179.69 million current LCU | +12.5% |
| 1989 | 222.25 million current LCU | +23.7% |
| 1990 | 264.10 million current LCU | +18.8% |
| 1991 | 235.07 million current LCU | -11.0% |
| 1992 | 273.56 million current LCU | +16.4% |
| 1993 | 307.36 million current LCU | +12.4% |
| 1994 | 381.27 million current LCU | +24.0% |
| 1995 | 573.50 million current LCU | +50.4% |
| 1996 | 576.40 million current LCU | +0.5% |
| 1997 | 611.10 million current LCU | +6.0% |
| 1998 | 726.00 million current LCU | +18.8% |
| 1999 | 866.40 million current LCU | +19.3% |
| 2000 | 978.90 million current LCU | +13.0% |
| 2001 | 1.07 billion current LCU | +9.1% |
| 2002 | 1.11 billion current LCU | +3.7% |
| 2003 | 984.60 million current LCU | -11.1% |
| 2004 | 870.10 million current LCU | -11.6% |
| 2005 | 1.09 billion current LCU | +25.0% |
| 2006 | 1.41 billion current LCU | +29.3% |
| 2007 | 2.01 billion current LCU | +42.9% |
| 2008 | 2.03 billion current LCU | +1.1% |
| 2009 | 1.72 billion current LCU | -15.5% |
| 2010 | 1.74 billion current LCU | +1.5% |
| 2011 | 1.92 billion current LCU | +10.3% |
| 2012 | 1.84 billion current LCU | -4.5% |
| 2013 | 1.71 billion current LCU | -6.8% |
| 2014 | 1.64 billion current LCU | -4.4% |
| 2015 | 1.59 billion current LCU | -2.8% |
| 2016 | 1.63 billion current LCU | +2.8% |
| 2017 | 1.83 billion current LCU | +12.2% |
| 2018 | 1.96 billion current LCU | +7.1% |
| 2019 | 2.06 billion current LCU | +5.0% |
| 2020 | 2.01 billion current LCU | -2.3% |
| 2021 | 2.40 billion current LCU | +19.3% |
| 2022 | 2.84 billion current LCU | +18.0% |
| 2023 | 3.18 billion current LCU | +12.0% |
| 2024 | 3.72 billion current LCU | +17.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.72 million current LCU | 12.34 million current LCU | 40.08 million current LCU | 8 |
| 1980s | 125.66 million current LCU | 62.26 million current LCU | 222.25 million current LCU | 10 |
| 1990s | 481.48 million current LCU | 235.07 million current LCU | 866.40 million current LCU | 10 |
| 2000s | 1.33 billion current LCU | 870.10 million current LCU | 2.03 billion current LCU | 10 |
| 2010s | 1.79 billion current LCU | 1.59 billion current LCU | 2.06 billion current LCU | 10 |
| 2020s | 2.83 billion current LCU | 2.01 billion current LCU | 3.72 billion current LCU | 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 taxes on income, profits and capital gains in Cyprus?
- Taxes on income, profits and capital gains in Cyprus was 3.72 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Cyprus?
- The highest recorded value was 3.72 billion current LCU in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Cyprus?
- The lowest recorded value was 12.34 million current LCU in 1972.
- How does Cyprus rank for taxes on income, profits and capital gains?
- Cyprus ranks 119th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Cyprus?
- Over the last ten years it is up 127.1%. 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 Taxes on income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.