Cyprus - Social contributions (% of revenue)

Social contributions (% of revenue) in Cyprus was 26.66 as of 2019. Its highest value over the past 47 years was 26.66 in 2019, while its lowest value was 6.21 in 1977.

Definition: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 7.07
1973 7.64
1974 6.95
1975 6.44
1976 6.66
1977 6.21
1978 8.54
1979 8.52
1980 9.73
1981 18.85
1982 17.06
1983 16.75
1984 17.07
1985 17.00
1986 16.86
1987 17.00
1988 16.39
1989 15.22
1990 15.49
1991 16.29
1992 15.41
1993 15.69
1994 14.97
1995 20.52
1996 21.20
1997 22.04
1998 21.70
1999 21.17
2000 19.47
2001 19.50
2002 19.34
2003 18.96
2004 20.63
2005 20.65
2006 19.18
2007 17.11
2008 18.27
2009 21.91
2010 22.07
2011 22.16
2012 21.80
2013 20.84
2014 20.93
2015 21.65
2016 22.24
2017 22.67
2018 22.53
2019 26.66

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: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance