Customs and other import duties in Cyprus
Cyprus: Customs and other import duties was 14.90 million current LCU in 2019. ◆ Volatile
Customs and other import duties in Cyprus, 1972–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2019, customs and other import duties in Cyprus stood at 14.90 million current LCU.
Compared with earlier readings it is up 231.1% on the previous year and up 2,028.6% over ten years.
Over the whole period, customs and other import duties in Cyprus peaked at 210.47 million current LCU in 1992 and was at its lowest, -1.30 million current LCU, in 2016.
That places Cyprus 130th out of 152 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.08 million current LCU | 13.50 million current LCU | 44.00 million current LCU | 8 |
| 1980s | 112.04 million current LCU | 56.28 million current LCU | 180.28 million current LCU | 10 |
| 1990s | 160.49 million current LCU | 100.00 million current LCU | 210.47 million current LCU | 10 |
| 2000s | 54.10 million current LCU | 300,000 current LCU | 130.70 million current LCU | 10 |
| 2010s | 3.38 million current LCU | -1.30 million current LCU | 14.90 million current LCU | 10 |
Countries ranked near Cyprus
More public sector data for Cyprus
- Arms imports 115.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.9% (2024)
- Taxes on income, profits and capital gains 26.1% (2024)
- Taxes on goods and services 29.1% (2024)
- Net investment in nonfinancial assets 2.4% (2024)
- Net lending (+) / net borrowing (-) 4.2% (2024)
- Interest payments 2.8% (2024)
- Grants and other revenue 9.8% (2024)
- Interest payments 3.1% (2023)
- Other taxes 3.3% (2024)
Frequently asked questions
- What is customs and other import duties in Cyprus?
- Customs and other import duties in Cyprus was 14.90 million current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Cyprus?
- The highest recorded value was 210.47 million current LCU in 1992.
- What is the lowest customs and other import duties recorded in Cyprus?
- The lowest recorded value was -1.30 million current LCU in 2016.
- How does Cyprus rank for customs and other import duties?
- Cyprus ranks 130th out of 152 countries with data for 2019.
- Is customs and other import duties rising or falling in Cyprus?
- Over the last ten years it is up 2,028.6%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.