Expenditure on old age function by type of benefit and means-testing in Cyprus
Cyprus: Expenditure on old age function by type of benefit and means-testing was 2,483 Million euro in 2024. ▲ Rising
Latest (2024)
2,483 Million euro
Change on year
down 1.7%
World rank
40th
of 45 countries
All-time high
2,525 Million euro
in 2023
All-time low
600.07 Million euro
in 2000
Years of data
25
2000–2024
Expenditure on old age function by type of benefit and means-testing in Cyprus, 2000–2024
Source: Eurostat. Measured in Million euro.
Analysis
The most recent figure for expenditure on old age function by type of benefit and means-testing in Cyprus is 2,483 Million euro, measured in 2024.
That represents a change of down 1.7% on the previous year and up 47.2% over ten years.
Over the whole period, expenditure on old age function by type of benefit and means-testing in Cyprus peaked at 2,525 Million euro in 2023 and was at its lowest, 600.07 Million euro, in 2000.
That places Cyprus 40th out of 45 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Expenditure on old age function by type of benefit and means-testing in Cyprus, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 600.07 Million euro | — |
| 2001 | 623.78 Million euro | +4.0% |
| 2002 | 734.12 Million euro | +17.7% |
| 2003 | 840.4 Million euro | +14.5% |
| 2004 | 926.25 Million euro | +10.2% |
| 2005 | 976.99 Million euro | +5.5% |
| 2006 | 1,056 Million euro | +8.1% |
| 2007 | 1,141 Million euro | +8.0% |
| 2008 | 1,252 Million euro | +9.7% |
| 2009 | 1,361 Million euro | +8.7% |
| 2010 | 1,442 Million euro | +6.0% |
| 2011 | 1,584 Million euro | +9.8% |
| 2012 | 1,729 Million euro | +9.2% |
| 2013 | 1,742 Million euro | +0.7% |
| 2014 | 1,687 Million euro | -3.2% |
| 2015 | 1,728 Million euro | +2.4% |
| 2016 | 1,716 Million euro | -0.7% |
| 2017 | 1,763 Million euro | +2.8% |
| 2018 | 1,777 Million euro | +0.8% |
| 2019 | 1,978 Million euro | +11.3% |
| 2020 | 2,135 Million euro | +7.9% |
| 2021 | 2,171 Million euro | +1.7% |
| 2022 | 2,392 Million euro | +10.2% |
| 2023 | 2,525 Million euro | +5.6% |
| 2024 | 2,483 Million euro | -1.7% |
Cyprus compared with similar countries
- Cyprus's 2,483 Million euro is below the median for Europe & Central Asia, which is 26,846 Million euro, 9% of the median. (34 countries reporting)
- Cyprus's 2,483 Million euro is below the median for high income countries, which is 29,628 Million euro, 8% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 951.14 Million euro | 600.07 Million euro | 1,361 Million euro | 10 |
| 2010s | 1,715 Million euro | 1,442 Million euro | 1,978 Million euro | 10 |
| 2020s | 2,341 Million euro | 2,135 Million euro | 2,525 Million euro | 5 |
Countries ranked near Cyprus
More reference data data for Cyprus
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.043 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0752 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1565 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0045 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1565 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1441 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.1715 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3058 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7841 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0245 (2050)
Frequently asked questions
- What is expenditure on old age function by type of benefit and means-testing in Cyprus?
- Expenditure on old age function by type of benefit and means-testing in Cyprus was 2,483 Million euro in 2024, according to Eurostat.
- What is the highest expenditure on old age function by type of benefit and means-testing recorded in Cyprus?
- The highest recorded value was 2,525 Million euro in 2023.
- What is the lowest expenditure on old age function by type of benefit and means-testing recorded in Cyprus?
- The lowest recorded value was 600.07 Million euro in 2000.
- How does Cyprus rank for expenditure on old age function by type of benefit and means-testing?
- Cyprus ranks 40th out of 45 countries with data for 2024.
- Is expenditure on old age function by type of benefit and means-testing rising or falling in Cyprus?
- Over the last ten years it is up 47.2%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Eurostat, published as part of Expenditure on old age function by type of benefit and means-testing. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Eurostat).