Expenditure on pensions by type of pension and means-testing in Cyprus
Cyprus: Expenditure on pensions by type of pension and means-testing was 2,628 Million euro in 2024. ▲ Rising
Latest (2024)
2,628 Million euro
Change on year
up 6.9%
World rank
42nd
of 45 countries
All-time high
2,628 Million euro
in 2024
All-time low
568.37 Million euro
in 2000
Years of data
25
2000–2024
Expenditure on pensions by type of pension and means-testing in Cyprus, 2000–2024
Source: Eurostat. Measured in Million euro.
Analysis
In 2024, expenditure on pensions by type of pension and means-testing in Cyprus stood at 2,628 Million euro. That is the highest value across all 25 years on record.
That represents a change of up 6.9% on the previous year and up 50.2% over ten years.
Over the whole period, expenditure on pensions by type of pension and means-testing in Cyprus peaked at 2,628 Million euro in 2024 and was at its lowest, 568.37 Million euro, in 2000.
That places Cyprus 42nd 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 pensions by type of pension and means-testing in Cyprus, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 568.37 Million euro | — |
| 2001 | 617.05 Million euro | +8.6% |
| 2002 | 709.8 Million euro | +15.0% |
| 2003 | 784.85 Million euro | +10.6% |
| 2004 | 828.9 Million euro | +5.6% |
| 2005 | 912.16 Million euro | +10.0% |
| 2006 | 983.74 Million euro | +7.8% |
| 2007 | 1,051 Million euro | +6.9% |
| 2008 | 1,166 Million euro | +10.9% |
| 2009 | 1,240 Million euro | +6.4% |
| 2010 | 1,379 Million euro | +11.2% |
| 2011 | 1,484 Million euro | +7.6% |
| 2012 | 1,587 Million euro | +7.0% |
| 2013 | 1,680 Million euro | +5.8% |
| 2014 | 1,750 Million euro | +4.2% |
| 2015 | 1,805 Million euro | +3.1% |
| 2016 | 1,855 Million euro | +2.8% |
| 2017 | 1,898 Million euro | +2.3% |
| 2018 | 1,968 Million euro | +3.7% |
| 2019 | 2,028 Million euro | +3.1% |
| 2020 | 2,081 Million euro | +2.6% |
| 2021 | 2,183 Million euro | +4.9% |
| 2022 | 2,326 Million euro | +6.6% |
| 2023 | 2,458 Million euro | +5.7% |
| 2024 | 2,628 Million euro | +6.9% |
Cyprus compared with similar countries
- Cyprus's 2,628 Million euro is below the median for Europe & Central Asia, which is 27,828 Million euro, 9% of the median. (34 countries reporting)
- Cyprus's 2,628 Million euro is below the median for high income countries, which is 33,365 Million euro, 8% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 886.16 Million euro | 568.37 Million euro | 1,240 Million euro | 10 |
| 2010s | 1,743 Million euro | 1,379 Million euro | 2,028 Million euro | 10 |
| 2020s | 2,335 Million euro | 2,081 Million euro | 2,628 Million euro | 5 |
Countries ranked near Cyprus
- 40 Iceland 3,342 Million euro compare
- 41 Bosnia and Herzegovina 2,704 Million euro compare
- 43 Albania 1,572 Million euro compare
- 44 Malta 1,174 Million euro compare
- 45 Montenegro 732.03 Million euro compare
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 pensions by type of pension and means-testing in Cyprus?
- Expenditure on pensions by type of pension and means-testing in Cyprus was 2,628 Million euro in 2024, according to Eurostat.
- What is the highest expenditure on pensions by type of pension and means-testing recorded in Cyprus?
- The highest recorded value was 2,628 Million euro in 2024.
- What is the lowest expenditure on pensions by type of pension and means-testing recorded in Cyprus?
- The lowest recorded value was 568.37 Million euro in 2000.
- How does Cyprus rank for expenditure on pensions by type of pension and means-testing?
- Cyprus ranks 42nd out of 45 countries with data for 2024.
- Is expenditure on pensions by type of pension and means-testing rising or falling in Cyprus?
- Over the last ten years it is up 50.2%. 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 pensions by type of pension and means-testing. Statizoid updates them automatically from the source API.
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