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 in 2024. ▲ Rising

Latest (2024)
2,628
Change on year
up 6.9%
World rank
32nd
of 36 countries
All-time high
2,628
in 2024
All-time low
568.37
in 2000
Years of data
25
2000–2024

Expenditure on pensions by type of pension and means-testing in Cyprus, 2000–2024

5001.0k1.5k2.0k2.5k2000201220242000: 568.42001: 6172002: 709.82003: 784.92004: 828.92005: 912.22006: 983.72007: 1.1k2008: 1.2k2009: 1.2k2010: 1.4k2011: 1.5k2012: 1.6k2013: 1.7k2014: 1.8k2015: 1.8k2016: 1.9k2017: 1.9k2018: 2.0k2019: 2.0k2020: 2.1k2021: 2.2k2022: 2.3k2023: 2.5k2024: 2.6k

Source: Eurostat.

Analysis

In 2024, expenditure on pensions by type of pension and means-testing in Cyprus stood at 2,628. 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 in 2024 and was at its lowest, 568.37, in 2000.

That places Cyprus 32nd 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 886.16 568.37 1,240 10
2010s 1,743 1,379 2,028 10
2020s 2,335 2,081 2,628 5

Countries ranked near Cyprus

  1. 29 Latvia 3,669 compare
  2. 30 Estonia 3,455 compare
  3. 31 Iceland 3,063 compare
  4. 33 Bosnia and Herzegovina 2,451 compare
  5. 34 Albania 1,315 compare
  6. 35 Malta 1,174 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 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 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 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 in 2000.
How does Cyprus rank for expenditure on pensions by type of pension and means-testing?
Cyprus ranks 32nd out of 36 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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About this data

Indicator
Expenditure on pensions by type of pension and means-testing
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
45 places, 1,186 data points, 1990–2024
Last refreshed