Cyprus’ social spending drops to 19.2 per cent of GDP in 2023
Social protection expenditure fell as a percentage of Gross Domestic Product (GDP) in 2023, even as the total spending increased in millions of euros, reflecting economic growth, according to the Cyprus Statistical Service (Cystat).
Social protection expenditure reached 19.2 per cent of GDP in 2023, a decrease from 20.6 per cent recorded in 2022.
The total expenditure on
