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Cyprus

Tax Revenue

23.45
percent of GDP
Source: IMF
20
Italy24.59
21
France24.55
23
Serbia24.05
25
Cyprus23.45
26
Australia23.41
27
Norway23.16
28
Fiji22.68
29
Belgium22.61
30
Hungary22.48
8
Italy24.59
9
France24.55
10
Serbia24.05
12
Cyprus23.45
13
Norway23.16
14
Belgium22.61
15
Hungary22.48
16
Armenia22.29
17
Portugal22.2

Definition of Tax Revenue

Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

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