Expense in Cyprus
Cyprus: Expense was 38.5% in 2023. ▲ Rising
Expense in Cyprus, 1975–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for expense in Cyprus is 38.5%, measured in 2023.
Compared with earlier readings it is up 6.2% on the previous year and down 14.4% over ten years.
Over the whole period, expense in Cyprus peaked at 52.6% in 2012 and was at its lowest, 22.5%, in 1979.
That places Cyprus 23rd out of 157 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 49 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.1% | 22.5% | 30.2% | 5 |
| 1980s | 26.9% | 24.5% | 30.5% | 10 |
| 1990s | 30.4% | 28.5% | 33.2% | 10 |
| 2000s | 37.2% | 33.3% | 40.8% | 10 |
| 2010s | 42.6% | 36.8% | 52.6% | 10 |
| 2020s | 39.8% | 36.2% | 43.7% | 4 |
Countries ranked near Cyprus
More economy & growth data for Cyprus
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -338.90 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) -382.95 million current US$ (2025)
- Taxes less subsidies on products 3.97 billion current LCU (2025)
- Taxes less subsidies on products 4.49 billion current US$ (2025)
- Net primary income (Net income from abroad) -4.06 billion current LCU (2025)
- Net primary income (Net income from abroad) -4.59 billion current US$ (2025)
- GNI per capita 32,862 current LCU (2025)
- GNI per capita, Atlas method 36,110 current US$ (2025)
- GNI 32.42 billion current LCU (2025)
Frequently asked questions
- What is expense in Cyprus?
- Expense in Cyprus was 38.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Cyprus?
- The highest recorded value was 52.6% in 2012.
- What is the lowest expense recorded in Cyprus?
- The lowest recorded value was 22.5% in 1979.
- How does Cyprus rank for expense?
- Cyprus ranks 23rd out of 157 countries with data for 2023.
- Is expense rising or falling in Cyprus?
- Over the last ten years it is down 14.4%. The long-run trend across the full record is rising.
- 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 Expense (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.