Cyprus: Grants and other revenue (current LCU)

Key figures

Over five years it is up 27.15% from 1.09 billion in 2019 (4.92% a year on average, compounded). Since 1972 it is up 5,996% from 22.79 million in 1972 (8.23% a year on average, compounded). The World Bank has no value for 21 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, Cyprus' grants and other revenue (current LCU) rose 3.6% on 2023 (from 1.34 billion to 1.39 billion).

Across the 29 yearly changes before that (1973 to 2023), the average change was +12.9% and a typical year strayed about 19.5% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 78.9% in 1974 and the biggest yearly fall was 21% in 1978. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2024 the straight-line trend is upward, about 52.39 million a year. A straight line explains 71% of the movement over 9 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Cyprus had the 77th highest value of the 81 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cyprus in the 2024 ranking

• Estonia — 74th of 81: 1.9 billion
• Solomon Islands — 75th of 81: 1.86 billion
• Bosnia and Herzegovina — 76th of 81: 1.48 billion
• Fiji — 78th of 81: 564.11 million
• Bahamas, The — 79th of 81: 332.99 million
• Naoero — 80th of 81: 272.48 million

What this measures

Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the definition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. 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.

Limitations: 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).

All 32 values

Grants and other revenue (current LCU) in nearby economies

• Albania — 121.74 billion (2024)
• Armenia — 208.75 billion (2024)
• Austria — 20.7 billion (2024)
• Azerbaijan — 20.44 billion (2024)
• Belarus — 18.14 billion (2024)
• Belgium — 9.27 billion (2024)
• Bosnia and Herzegovina — 1.48 billion (2024)
• Czechia — 241.7 billion (2024)
• Estonia — 1.9 billion (2024)
• Finland — 15.1 billion (2024)
• France

More public sector data for Cyprus

• Net investment in nonfinancial assets (current LCU) — 832 million (2024)
• Net lending (+) / net borrowing (-) (current LCU) — 1.45 billion (2024)
• Social contributions (current LCU) — 4.52 billion (2024)
• Social contributions (% of revenue) — 31.75% (2024)
• Revenue, excluding grants (current LCU) — 13.87 billion (2024)
• Taxes on goods and services (current LCU) — 4.14 billion (2024)
• Taxes on goods and services (% of revenue) — 29.06% (2024)
• Other taxes (current LCU) — 472.6 million (2024)
• Other taxes (% of revenue) — 3.32% (2024)
• Tax revenue (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Cyprus's grants and other revenue (current LCU)?

1.39 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 5,996% from 22.79 million in 1972 (8.23% a year on average, compounded). The highest value was 1.39 billion in 2024 and the lowest 19.63 million in 1973.

How does Cyprus rank?

77th highest of 81 economies with data for 2024.

Is the latest change in grants and other revenue (current LCU) unusual for Cyprus?

In 2024, Cyprus' grants and other revenue (current LCU) rose 3.6% on 2023 (from 1.34 billion to 1.39 billion). Across the 29 yearly changes before that (1973 to 2023), the average change was +12.9% and a typical year strayed about 19.5% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.REV.GOTR.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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