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Ministry of Finance, Statistical Service



20/02/2008
NEW PUBLICATION: SOCIAL PROTECTION IN CYPRUS, 2005
20/02/2008



The Statistical Service announces that it has published the report “Social Protection in Cyprus 2005”.

The report is based on a survey in compliance with the European system and provides detailed data on the Social Protection expenditure of the public and private sector. Social Protection expenditure includes old age, sickness, disability, unemployment, housing and other categories of benefits.

In 2005, the social protection expenditure amounted to £1.407,4 million compared to £1.296,3 million in 2004, i.e. an increase of almost 9%. For the year 2005, the Social Protection expenditure as a percentage of GDP was 17,9%. In the European Union (EU 27) the corresponding percentage was on average 27,3%, in 2005.

Old age and sickness benefits in Cyprus were the major components of all Social benefits and comprised 45% and 25% respectively, of the total.

The overwhelming majority of the benefits originated from public sources. Specifically, in the year 2005, the public sources were 81,1% of the total Social Protection benefits.

The report is available free of charge, on the web site of the Statistical Service.










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