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EU Member State since 2004
Cyprus
EU Budget 2024 — Contributions, Receipts and Net Balance
Population: 1,250,000
GNI: €29.5B
GDP: €28.1B
Last updated:
Key Definitions
- Net contributor
- A member state whose contributions to the EU budget exceed the receipts it gets back in a given year.
- Net recipient
- A member state that receives more from the EU budget than it pays in.
- Net balance
- Total receipts minus total contributions for a member state in a given year. Negative values indicate a net contributor; positive values a net recipient.
- Operating budgetary balance (OBB)
- Official EU methodology for computing each member state's net position, published yearly by DG Budget.
Cyprus has been a member of the European Union since 2004. In 2024, Cyprus contributed €0.2 billion to the EU budget and received €0.3 billion, resulting in a net receipt of €0.1 billion. Over the period 2000–2024, Cyprus has consistently been a net beneficiary, with its net balance ranging from €0.0 B to €0.3 B and an increasing trend in recent years. Cyprus's EU receipts are primarily allocated to cohesion and structural funds.
Contribution 2024
€234M
Receipts 2024
€321M
Net Balance 2024
+€87M
Per Capita
+€70
Cumulative Balance 2000–2024
+€1.2B
Net Recipient from EU budget
Total Paid In
€3.3B
Contributions to EU
→
Total Received
€4.4B
EU funds allocated
Historical Contributions vs Receipts
Annual flows 2000–2024 — million EUR
Source: European Commission — EU Spending and Revenue Data. Values in million EUR.
Historical Data — 2018 to 2024
| Year | GNI-based | VAT-based | Customs | Total Contrib. | Cohesion | CAP/Agri. | Research | Total Receipts | Net Balance |
|---|---|---|---|---|---|---|---|---|---|
| 2000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | +4 |
| 2007 | 0 | 0 | 46 | 124 | 0 | 0 | 0 | 127 | +3 |
| 2008 | 0 | 0 | 48 | 135 | 0 | 0 | 0 | 130 | -5 |
| 2009 | 0 | 0 | 41 | 165 | 0 | 0 | 0 | 172 | +7 |
| 2010 | 0 | 0 | 35 | 158 | 0 | 0 | 0 | 178 | +20 |
| 2011 | 0 | 0 | 33 | 160 | 0 | 0 | 0 | 184 | +23 |
| 2012 | 0 | 0 | 27 | 165 | 0 | 0 | 0 | 155 | -10 |
| 2013 | 0 | 0 | 20 | 170 | 0 | 0 | 0 | 227 | +57 |
| 2014 | 0 | 0 | 24 | 143 | 0 | 0 | 0 | 273 | +130 |
| 2015 | 0 | 0 | 24 | 212 | 0 | 0 | 0 | 203 | -9 |
| 2016 | 0 | 0 | 26 | 162 | 0 | 0 | 0 | 185 | +23 |
| 2017 | 0 | 0 | 27 | 137 | 0 | 0 | 0 | 207 | +69 |
| 2018 | 0 | 0 | 29 | 180 | 0 | 0 | 0 | 264 | +84 |
| 2019 | 0 | 0 | 32 | 184 | 0 | 0 | 0 | 266 | +82 |
| 2020 | 0 | 0 | 32 | 219 | 0 | 0 | 0 | 233 | +13 |
| 2021 | 175 | 32 | 31 | 237 | 271 | 73 | 51 | 424 | +187 |
| 2022 | 158 | 35 | 39 | 233 | 189 | 73 | 136 | 488 | +255 |
| 2023 | 155 | 40 | 45 | 240 | 138 | 81 | 113 | 393 | +153 |
| 2024 | 146 | 43 | 45 | 234 | 106 | 87 | 83 | 321 | +87 |
All values in million EUR. Source: EU Operating Budgetary Balances, DG Budget.
Interactive History
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Contribution
Receipts
Cyprus EU Budget — Frequently Asked Questions
- Is Cyprus a net contributor or net recipient to the EU budget?
- In 2024, Cyprus was a net recipient from the EU budget. It paid €0.2 billion and received €0.3 billion, leaving a net receipt of €0.1 billion.
- How much did Cyprus contribute to the EU budget in 2024?
- Cyprus contributed €0.2 billion (€234 million) to the EU budget in 2024. Source: official EU Financial Report.
- How much did Cyprus receive from the EU budget in 2024?
- Cyprus received €0.3 billion (€321 million) from the EU budget in 2024, allocated across cohesion, agriculture and other programmes.
- What is Cyprus's net balance with the EU budget?
- Cyprus's net balance with the EU in 2024 was +€0.1 billion. Net balance equals total receipts minus total contributions.