Cyprus Tax Revenue
Tax revenue as % of GDP GC.TAX.TOTL.GD.ZS
Cyprus's tax revenue was 23.32% in 2025, ranked 19th globally. This represents a 0.2% increase from 2024. Data from World Bank, covering 1975–2025.
Overview
Cyprus's tax revenue stood at 23.32% in 2025, a rise of +0.05% from 2023. Based on recent trends, this figure is projected to reach 23.32% by 2025. Cyprus ranked 19th globally.
Cyprus has experienced significant fluctuations in tax revenue over the past 50 years, with the indicator reaching an all-time high of 28.42 in 2007 and a low of 12.12 in 1976. The country's tax revenue has generally trended upwards, with a notable increase from 13.39 in 1975 to 23.32 in 2025. This is comparable to other developed economies, with Australia, a peer country, boasting a similar tax revenue of 23.39 in 2025. Iceland, another peer, also mirrors Cyprus' tax revenue trajectory, with a 2025 value of 23.29. Despite the upward trend, Cyprus' tax revenue still lags behind some of its European peers, such as Portugal, which boasted a tax revenue of 23.06 in 2025. As Cyprus continues to navigate the complexities of its economic integration, a potential shift in tax policy or economic growth trajectory could alter the country's tax revenue trajectory, with a decline in economic growth or a shift towards more regressive taxation potentially reversing the upward trend.
Data & projection
| Year | Tax Revenue | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 23.46% | - | - |
| 2025* trend | 23.32% | - | - |
| 2025 | 23.32% | +0.05% | #19 |
| 2023 | 23.27% | +0.31% | #84 |
| 2022 | 22.95% | +0.40% | #94 |
| 2021 | 22.55% | +0.61% | #107 |
| 2020 | 21.94% | −1.13% | #112 |
| 2019 | 23.07% | −0.76% | #115 |
| 2018 | 23.83% | +0.01% | #116 |
| 2017 | 23.82% | +0.30% | #125 |
| 2016 | 23.52% | −0.53% | #124 |
| 2015 | 24.05% | −0.67% | #127 |
| 2014 | 24.72% | +1.19% | #126 |
| 2013 | 23.52% | +0.19% | #113 |
| 2012 | 23.33% | +0.18% | #114 |
| 2011 | 23.15% | +0.10% | #113 |
| 2010 | 23.05% | −0.20% | #110 |
Detected Pattern
Analysis
Cyprus matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw tax revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Cyprus's tax revenue was 23.32% in 2025. Ranked 19th globally. This represents a 0.2% increase from the previous year.
Cyprus's tax revenue peaked at 28.42% in 2007.
The lowest tax revenue in Cyprus was 12.12% in 1976.
Cyprus ranks 19th globally in tax revenue as of 2025.
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
Cyprus's tax revenue is projected to reach 23.32% by 2025 based on trend extrapolation.
The tax revenue of Cyprus in 2025 was 23.32%. This ranks 19th in the world.
Cite this page
@misc{historysaid_cyprus_tax-revenue,
title = {Cyprus Tax Revenue},
url = {https://historysaid.com/cyprus/tax-revenue/},
publisher = {HistorySaid},
year = {2026}
}