News Local Cyprus spends 13.1% of GDP on social protection (table)

Cyprus spends 13.1% of GDP on social protection (table)

Cyprus spent 13.1% of its GDP on social protection in 2017, below the EU average of 18.8% figures released by Eurostat on Tuesday show.

Eurostat noted that the ratio of government social protection expenditure to GDP varied across EU Member States from less than 10% in Ireland (9.5 %) to nearly a quarter in Finland (24.9%).

Six Member States – Finland, France, Denmark, Italy, Austria and Sweden – devoted at least 20% of GDP to social protection, while Ireland, Lithuania, Malta, Latvia, Romania, Czechia and Bulgaria each spent less than 13% of GDP on social protection.

Social protection expenditure can be further broken down into a number of detailed groups.

The group ‘old age’, which includes pensions, accounted for 10.1 % of GDP in the EU in 2017. It made up the largest part of social protection expenditure in all Member States, with the highest shares being registered in Greece and Finland (both 13.8 %), followed by France and Italy (both 13.4 %) as well as Austria (12.5 %).

In contrast, Ireland (3.4 %), Lithuania (5.7 %) and Cyprus (6.0 %) recorded the lowest shares.

‘Social protection’ and ‘health’ are the only two functions whose shares in total government expenditure increased during the period from 2007 to 2017. In the EU, social protection expenditure increased its share of total expenditure from 38.2 % to 41.1 %, Eurostat added.

As regards the other categories, the Eurostat figures show 2.9% of Cyprus GDP going to family and children, 1.5% to social exclusion and 0.6% to unemployment.

The source data set is here and country codes are here.

Top Stories

Paphos: 69 year old woman reported missing (photo)

  Police are asking for the public's help to find Margaret Bassett, 69, from the UK, who has been reported missing from her home in...

UK PM faces cabinet revolt over senior adviser who violated lockdown – The Sun

  British Prime Minister Boris Johnson is facing a revolt from his cabinet over his backing of senior adviser Dominic Cummings, who faces calls from...

Fine and sunny with temperatures slightly below seasonal average

  It will be a fine and sunny, with temperatures inland and in the mountains slightly below average for the time of year today and...

Biker killed on Vouni-Ayios Amvrosios road

  A 61 year old biker was killed in a road collision on the Vouni - Ayios Amvrosios road that occurred at 3.50 pm yesterday. Police...

Repatriates make 7 out of 8 new coronavirus cases reported today

Repatriates made 7 out of eight new coronavirus cases reported today by the health ministry out of a total of 1953 tests, raising the number...

Taste

Fish meatballs

In a bowl, mix the finely chopped onion and parsley. Boil the fish, cut into small pieces and add to the bowl. Add salt...

“Frappe” Greek iced coffee

Frappé coffee (also Greek frappé or café frappé Greek: φραπές, frapés) is a Greek foam-covered iced coffee drink made from instant coffee (generally, spray-dried...

A guide of Summer fruits from Cyprus

Cyprus summer love! Cyprus summer fruits! So, what are the summer fruits which can be bought in Cyprus? Watermelon A Cypriot summer is not complete without...

Stuffed vine leaves with artichokes (Lenten)

Blanch the vine leaves in hot water. For the stuffing, finely chop the artichokes and the onions and sauté in olive oil until translucent....