Cyprus | Social contributions (current LCU)

Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments. 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 | Social contributions (current LCU)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 6321825.3330919
1973 7876652.6447442
1974 7261556.1258487
1975 7346986.1979176
1976 8953071.5528112
1977 11328027.556324
1978 16539261.952521
1979 19871034.763205
1980 28875364.359257
1981 65456521.219121
1982 73504034.008003
1983 82610879.690538
1984 100363248.66644
1985 113229017.52
1986 122848443.63495
1987 133817664.88858
1988 150049378.58166
1989 164435802.71804
1990 321183463.77971
1991 344450435.29693
1992 393349026.6286
1993 454246018.57956
1994 500137711.45919
1995 793987089.80751
1996 844561692.47224
1997 901799840.75835
1998 992355717.15128
1999 1026356885.8347
2000 1104781691.9938
2001 1230534758.0791
2002 1257359800.7087
2003 1402932643.514
2004 1661444041.5942
2005 1897743620.9365
2006 1927985866.4489
2007 2041266142.0121
2008 2276711420.6337
2009 1464200000
2010 1552300000
2011 1566000000
2012 1510400000
2013 1362300000
2014 1444600000
2015 1482900000
2016 1542900000
2017 1710000000
2018 1846900000
2019 2378100000
2020 2411500000
2021 2724300000
2022

Cyprus | Social contributions (current LCU)

Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments. 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