Taxes on international trade in Cyprus
Cyprus: Taxes on international trade was 0.2% in 2019. ◆ Volatile
Taxes on international trade in Cyprus, 1972–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Cyprus recorded 0.2% for taxes on international trade in 2019.
That represents a change of up 205.4% on the previous year and up 1,514.3% over ten years.
Over the whole period, taxes on international trade in Cyprus peaked at 27.4% in 1973 and was at its lowest, -0.0%, in 2016.
That places Cyprus 134th out of 154 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on international trade in Cyprus, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 27.2% | — |
| 1973 | 27.4% | +0.6% |
| 1974 | 18.6% | -32.0% |
| 1975 | 11.9% | -36.2% |
| 1976 | 14.1% | +18.9% |
| 1977 | 20.4% | +44.5% |
| 1978 | 20.2% | -1.1% |
| 1979 | 18.9% | -6.6% |
| 1980 | 19.0% | +0.6% |
| 1981 | 18.6% | -2.0% |
| 1982 | 18.8% | +0.9% |
| 1983 | 19.1% | +1.7% |
| 1984 | 19.0% | -0.4% |
| 1985 | 18.1% | -4.9% |
| 1986 | 16.6% | -8.4% |
| 1987 | 17.0% | +2.8% |
| 1988 | 17.2% | +1.2% |
| 1989 | 16.7% | -3.1% |
| 1990 | 15.6% | -6.5% |
| 1991 | 15.5% | -0.5% |
| 1992 | 14.1% | -9.3% |
| 1993 | 10.3% | -27.1% |
| 1994 | 8.5% | -17.1% |
| 1995 | 7.3% | -13.8% |
| 1996 | 6.7% | -8.4% |
| 1997 | 5.3% | -20.5% |
| 1998 | 3.6% | -33.1% |
| 1999 | 3.5% | -3.4% |
| 2000 | 3.4% | -0.8% |
| 2001 | 3.4% | -0.9% |
| 2002 | 3.2% | -4.4% |
| 2003 | 2.5% | -23.4% |
| 2004 | 0.9% | -64.8% |
| 2005 | 0.0% | -96.9% |
| 2006 | 0.0% | -8.6% |
| 2007 | 0.0% | -83.2% |
| 2008 | 0.0% | +252.3% |
| 2009 | 0.0% | -31.4% |
| 2010 | 0.0% | +63.7% |
| 2011 | 0.0% | +56.9% |
| 2012 | 0.0% | -25.7% |
| 2013 | 0.0% | +80.0% |
| 2014 | 0.0% | -96.0% |
| 2015 | 0.1% | +3803.0% |
| 2016 | -0.0% | -133.0% |
| 2017 | 0.1% | -441.6% |
| 2018 | 0.1% | -13.3% |
| 2019 | 0.2% | +205.4% |
Cyprus compared with similar countries
- Cyprus's 0.2% is below the median for high income countries, which is 0.4%, 36% of the median. (55 countries reporting)
- Cyprus's 0.2% is below the median for Europe & Central Asia, which is 0.4%, 41% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Taxes on international trade in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +3803.0% | 0.0% | 0.1% |
| 2017 | +441.6% | -0.0% | 0.1% |
| 2008 | +252.3% | 0.0% | 0.0% |
| 2019 | +205.4% | 0.1% | 0.2% |
| 2016 | -133.0% | 0.1% | -0.0% |
| 2005 | -96.9% | 0.9% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.8% | 11.9% | 27.4% | 8 |
| 1980s | 18.0% | 16.6% | 19.1% | 10 |
| 1990s | 9.0% | 3.5% | 15.6% | 10 |
| 2000s | 1.4% | 0.0% | 3.4% | 10 |
| 2010s | 0.0% | -0.0% | 0.2% | 10 |
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 international trade in Cyprus?
- Taxes on international trade in Cyprus was 0.2% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Cyprus?
- The highest recorded value was 27.4% in 1973.
- What is the lowest taxes on international trade recorded in Cyprus?
- The lowest recorded value was -0.0% in 2016.
- How does Cyprus rank for taxes on international trade?
- Cyprus ranks 134th out of 154 countries with data for 2019.
- Is taxes on international trade rising or falling in Cyprus?
- Over the last ten years it is up 1,514.3%. 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 international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.