NewsLocalTotal government expenditure in Cyprus in 2019 amounts to 40% of GDP

Total government expenditure in Cyprus in 2019 amounts to 40% of GDP

Total government expenditure in Cyprus in 2019 amounted to 40% of gross domestic product with most of it going towards ‘social protection’ just like in all other EU countries.

Social protection expenditure in Cyprus stood at 12.4% of GDP, according to latest data released on Friday by Eurostat, the statistical service of the EU.

The data also shows that 2019’s total government expenditure in the EU amounted to 46.6% of gross domestic product.

And for the EU, this share remained unchanged from the previous year, however it has steadily decreased from its latest peak in 2009 (50.7% of GDP).

The next most important areas were ‘health’ (7.0% in the EU, 5.3% in Greece and 4.0% in Cyprus).

As well as ‘general public services’ (5.8% in the EU, 7.9% in Greece and 7.5% in Cyprus), such external affairs and public debt transactions.

In addition, ‘education’ (4.7% in the EU, 4.0% in Greece and 5.4% in Cyprus) and ‘economic affairs’ (4.4% in the EU, 4.0% in Greece and 4.6% in Cyprus).

 

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