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
31st
of 36 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

5001.0k1.5k2.0k2.5k2000201220242000: 600.1 Million euro2001: 623.8 Million euro2002: 734.1 Million euro2003: 840.4 Million euro2004: 926.2 Million euro2005: 977 Million euro2006: 1.1k Million euro2007: 1.1k Million euro2008: 1.3k Million euro2009: 1.4k Million euro2010: 1.4k Million euro2011: 1.6k Million euro2012: 1.7k Million euro2013: 1.7k Million euro2014: 1.7k Million euro2015: 1.7k Million euro2016: 1.7k Million euro2017: 1.8k Million euro2018: 1.8k Million euro2019: 2.0k Million euro2020: 2.1k Million euro2021: 2.2k Million euro2022: 2.4k Million euro2023: 2.5k Million euro2024: 2.5k Million euro

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 31st out of 36 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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 28 Lithuania 4,827 Million euro compare
  2. 29 Latvia 3,387 Million euro compare
  3. 30 Estonia 3,060 Million euro compare
  4. 32 Iceland 2,155 Million euro compare
  5. 33 Bosnia and Herzegovina 1,762 Million euro compare
  6. 34 Malta 1,333 Million euro compare

See the full ranking of 45 places →

More reference data data for Cyprus

All data for Cyprus →

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 31st out of 36 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

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About this data

Indicator
Expenditure on old age function by type of benefit and means-testing
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
45 places, 1,186 data points, 1990–2024
Last refreshed