Cyprus | Social contributions (% of revenue)

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 (% of revenue)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 7.0678128
1973 7.64384016
1974 6.95353403
1975 6.43519904
1976 6.65819568
1977 6.21251874
1978 8.54293531
1979 8.51515595
1980 9.73334101
1981 18.85149099
1982 17.05856695
1983 16.74980946
1984 17.07210742
1985 16.99840969
1986 16.86210131
1987 17.00427712
1988 16.39166791
1989 15.22110457
1990 15.49315609
1991 16.28863702
1992 15.4103048
1993 15.69481849
1994 14.97473909
1995 20.51565052
1996 21.19821597
1997 22.03573814
1998 21.69754931
1999 21.16556851
2000 19.46652216
2001 19.50334444
2002 19.34084996
2003 18.96085902
2004 20.63316924
2005 20.65342705
2006 19.17514912
2007 17.10624284
2008 18.27019319
2009 21.91063359
2010 22.06977934
2011 22.15995925
2012 21.79572282
2013 20.83919721
2014 20.92925547
2015 21.78592584
2016 22.37544279
2017 22.80854256
2018 22.72023273
2019 27.09093525
2020 29.52315483
2021 28.46897662
2022

Cyprus | Social contributions (% of revenue)

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