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

No deaths for 3rd consecutive day, slight drop in new cases

  No deaths for a third day running and 243 new cases were recorded in Cyprus today, a drop in number in comparison to yesterday's...

Where to get a rapid test on Sunday 28 February

  Aiming at the continuous surveillance of the community and the workplaces, the free programmes of rapid antigen testing of the general population and employees...

Illegal sale of Salamis marble on Ebay stopped

  A Russian man attempted to sell a piece of marble from the ancient Salamis archaeological site in the occupied territories, obtained through smugglers. The Ebay...

Government guided by science on covid, not politics, Presidency says

  The government is always guided by scientific evidence on covid policies, not political expediences, said Director of President Anastasiades' press office Victoras Papadopoulos,  in...

Turkey supports two-state ‘vision’ Erdogan tells Tatar

  Ankara continues to steadfastly support a two state 'vision' for the settlement of the Cyprus issue, based on the so-called 'equality of sovereignty' and...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...