Cyprus—Tax Revenue (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #21 of 139Series years: 2000–2024
Latest Value
23.9%
2024
YoY Change
+2.8%
2023 → 2024
Global Rank
#21
of 139 countries
Maximum
28.4%
2007
Minimum
20.8%
2000
CAGR
+0.6%
25 years
Last
23.9%
Previous
23.3%
Highest
28.4%
Lowest
20.8%
Unit
% of GDP
Source
World Bank World Development Indicators
Cyprus's tax revenue (% of GDP) was 23.9% in 2024, ranking #21 out of 139 countries. This represents a +2.8% change from 2023. Over the past 25 years, the highest recorded value was 28.4% (2007) and the lowest was 20.8% (2000). Data sourced from the World Bank World Development Indicators.
Cyprus — Tax Revenue (% of GDP): 23.9417875708341 % of GDP for reference year 2024. Source: World Bank (World Development Indicators). Reference year does not establish final observed status; publisher vintage is not verified here.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 23.9% | +2.8% |
| 2023 | 23.3% | +1.2% |
| 2022 | 23.0% | +2.1% |
| 2021 | 22.6% | +2.8% |
| 2020 | 21.9% | -4.9% |
| 2019 | 23.1% | -3.2% |
| 2018 | 23.8% | +0.1% |
| 2017 | 23.8% | +1.3% |
| 2016 | 23.5% | -2.2% |
| 2015 | 24.0% | -2.7% |
| 2014 | 24.7% | +5.1% |
| 2013 | 23.5% | +0.8% |
| 2012 | 23.3% | +0.8% |
| 2011 | 23.1% | +0.4% |
| 2010 | 23.1% | -0.8% |
| 2009 | 23.2% | -13.7% |
| 2008 | 26.9% | -5.2% |
| 2007 | 28.4% | +16.9% |
| 2006 | 24.3% | +4.9% |
| 2005 | 23.2% | +6.1% |
| 2004 | 21.8% | -0.8% |
| 2003 | 22.0% | +2.7% |
| 2002 | 21.4% | +0.6% |
| 2001 | 21.3% | +2.4% |
| 2000 | 20.8% |
Top Countries — Tax Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Lesotho | 35.4% | 2024 |
| 2 | Namibia | 33.9% | 2024 |
| 3 | Denmark | 33.4% | 2024 |
| 4 | New Zealand | 29.5% | 2024 |
| 5 | Luxembourg | 28.6% | 2024 |
| 6 | Macao SAR, China | 27.4% | 2024 |
| 7 | Greece | 27.4% | 2024 |
| 8 | Sweden | 27.2% | 2024 |
| 9 | United Kingdom | 26.9% | 2024 |
| 10 | South Africa | 25.9% | 2024 |
About This Indicator
Definition
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Unit
% of GDP