Cyprus | Goods and services expense (current LCU)
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded. Limitations and exceptions: 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). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Cyprus
Records
63
Source
Cyprus | Goods and services expense (current LCU)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 16744294.125487
1973 18931303.970448
1974 25441075.462091
1975 31455352.535735
1976 34411233.029316
1977 35829372.225658
1978 33095609.919457
1979 41296896.838062
1980 43159272.409162
1981 57989932.920307
1982 60501577.03913
1983 68156111.496496
1984 72871851.474694
1985 73589464.080072
1986 66652542.228085
1987 74272904.656622
1988 84797889.5355
1989 90094554.003766
1990 171772723.22122
1991 204965378.94904
1992 219795518.88724
1993 259994539.9402
1994 265015768.42322
1995 145743702.94939
1996 137200695.74251
1997 312674063.77184
1998 600402546.49959
1999 661741338.24499
2000 546069020.66383
2001 803042677.4468
2002 918885855.17211
2003 951007562.26998
2004 774338173.23168
2005 859939105.44463
2006 1026869466.2671
2007 1115716741.2186
2008 1252063136.2405
2009 802000000
2010 766000000
2011 773700000
2012 717100000
2013 638200000
2014 540900000
2015 545989631.75416
2016 563962217.76742
2017 613170989.27254
2018 692345351.67409
2019 829858895.73204
2020 769750590.72048
2021 896682325.18597
2022
Cyprus | Goods and services expense (current LCU)
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded. Limitations and exceptions: 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). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Cyprus
Records
63
Source