Cyprus—Government Expense (% of GDP)
Cyprus's government expense (% of GDP) was 38.5% in 2023, ranking #22 out of 138 countries. This represents a +6.2% change from 2022. Over the past 24 years, the highest recorded value was 52.6% (2012) and the lowest was 33.3% (2000). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 38.5% | +6.2% |
| 2022 | 36.2% | -11.0% |
| 2021 | 40.7% | -6.9% |
| 2020 | 43.7% | +13.5% |
| 2019 | 38.5% | -4.5% |
| 2018 | 40.3% | +9.5% |
| 2017 | 36.8% | -3.4% |
| 2016 | 38.1% | -8.6% |
| 2015 | 41.7% | -18.0% |
| 2014 | 50.9% | +13.3% |
| 2013 | 44.9% | -14.7% |
| 2012 | 52.6% | +25.7% |
| 2011 | 41.9% | +3.1% |
| 2010 | 40.6% | -0.5% |
| 2009 | 40.8% | +7.5% |
| 2008 | 38.0% | +1.7% |
| 2007 | 37.3% | -1.8% |
| 2006 | 38.0% | -1.3% |
| 2005 | 38.5% | +2.9% |
| 2004 | 37.5% | -3.8% |
| 2003 | 38.9% | +9.8% |
| 2002 | 35.5% | +4.5% |
| 2001 | 33.9% | +1.8% |
| 2000 | 33.3% |
Top Countries — Government Expense (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Naoero | 103.6% | 2020 |
| 2 | Kiribati | 83.7% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 59.0% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |
About This Indicator
Definition
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)
Unit
% of GDP