Social protection expenditure of the public and private sector in Cyprus in 2018 amounted to only 18.1% of GDP compared to the EU average of 27.5%.
This is what a survey released recently by the island’s Statistical Service in compliance with the European system shows.
The per capita expenditure for social protection in Cyprus in 2018 was €4,465.
Social protection expenditure includes old age, sickness, disability, unemployment, housing and other categories of benefits.
France had the highest percentage of social protection in terms of GDP with 33.7%, followed by Denmark’s 31.4%, Finland’s 30.1%, Germany’s 29.6% and Austria’s 29.1%.
On the contrary, in lowest percentages were recorded in Lithuania with 15.8%, Malta and Latvia with 15.2%, Romania with 15.0% and Ireland with 14.2%.