Cyprus - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in Cyprus was 33.09 as of 2019. Its highest value over the past 47 years was 38.15 in 2004, while its lowest value was 16.65 in 1977.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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

See also:

Year Value
1972 23.88
1973 27.72
1974 24.17
1975 19.86
1976 18.30
1977 16.65
1978 23.25
1979 27.49
1980 22.81
1981 19.88
1982 19.70
1983 20.16
1984 20.18
1985 20.42
1986 19.06
1987 19.07
1988 18.94
1989 19.01
1990 18.26
1991 18.19
1992 21.97
1993 25.77
1994 28.82
1995 27.71
1996 27.77
1997 27.24
1998 28.81
1999 28.45
2000 30.80
2001 31.16
2002 31.98
2003 35.49
2004 38.15
2005 36.82
2006 36.59
2007 35.15
2008 36.46
2009 34.71
2010 34.14
2011 33.43
2012 34.86
2013 33.81
2014 34.26
2015 34.56
2016 36.26
2017 35.21
2018 35.49
2019 33.09

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