Government revenue as a share of GDP forecast for Cyprus 2020-2029

The ratio of government revenue to gross domestic product (GDP) in Cyprus was forecast to continuously decrease between 2024 and 2029 by in total 1.1 percentage points. According to this forecast, in 2029, the ratio will have decreased for the fifth consecutive year to 43.13 percent. Notably, the ratio of government revenue to gross domestic product (GDP) was continuously increasing over the past years.
Depicted here is the general government revenue as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue. As this revenue increases, a government's net worth increases. The gross domestic product represents the total value of final goods and services produced during a year.

Find more key insights for the ratio of government revenue to gross domestic product (GDP) in countries like Croatia, Romania, and Bulgaria.