Cyprus - Expense (% of GDP)

Expense (% of GDP) in Cyprus was 37.25 as of 2019. Its highest value over the past 44 years was 63.58 in 2003, while its lowest value was 22.50 in 1979.

Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1975 30.21
1976 25.88
1977 23.34
1978 23.74
1979 22.50
1980 24.51
1981 25.73
1982 26.75
1983 30.54
1984 26.66
1985 27.20
1986 25.27
1987 27.37
1988 27.70
1989 27.48
1990 50.40
1991 51.95
1992 50.70
1993 50.18
1994 50.97
1995 46.71
1996 48.69
1997 51.03
1998 54.54
1999 53.64
2000 54.31
2001 55.67
2002 58.11
2003 63.58
2004 61.12
2005 63.22
2006 62.30
2007 60.97
2008 62.37
2009 39.03
2010 39.07
2011 40.21
2012 41.36
2013 42.44
2014 48.99
2015 39.60
2016 36.34
2017 35.13
2018 38.92
2019 37.25

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance