Adjusted savings: education expenditure in Cyprus
Cyprus: Adjusted savings: education expenditure was 5.4% in 2021. ▲ Rising
Adjusted savings: education expenditure in Cyprus, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: education expenditure in Cyprus stood at 5.4%.
Compared with earlier readings it is down 9.7% over ten years.
Over the whole period, adjusted savings: education expenditure in Cyprus peaked at 6.4% in 2014 and was at its lowest, 2.9%, in 1977.
Cyprus ranks 41st of 200 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Adjusted savings: education expenditure in Cyprus, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 4.0% | — |
| 1971 | 4.0% | +0.0% |
| 1972 | 4.0% | +0.0% |
| 1973 | 4.0% | +0.0% |
| 1974 | 4.0% | +0.0% |
| 1975 | 3.9% | -2.2% |
| 1976 | 3.4% | -12.8% |
| 1977 | 2.9% | -14.7% |
| 1978 | 2.9% | +0.0% |
| 1979 | 3.0% | +3.4% |
| 1980 | 3.2% | +6.7% |
| 1981 | 3.5% | +9.4% |
| 1982 | 3.5% | +0.0% |
| 1983 | 3.6% | +2.9% |
| 1984 | 3.4% | -5.6% |
| 1985 | 3.4% | +0.0% |
| 1986 | 3.3% | -2.9% |
| 1987 | 3.3% | +0.0% |
| 1988 | 3.2% | -3.0% |
| 1989 | 3.2% | +0.0% |
| 1990 | 3.1% | -3.1% |
| 1991 | 3.3% | +6.5% |
| 1992 | 3.5% | +6.1% |
| 1993 | 3.7% | +5.7% |
| 1994 | 3.7% | +0.0% |
| 1995 | 3.8% | +2.7% |
| 1996 | 4.6% | +22.0% |
| 1997 | 4.6% | +0.0% |
| 1998 | 4.6% | +0.3% |
| 1999 | 4.4% | -5.6% |
| 2000 | 5.0% | +14.1% |
| 2001 | 5.0% | +0.4% |
| 2002 | 5.2% | +4.2% |
| 2003 | 6.1% | +16.8% |
| 2004 | 5.9% | -2.9% |
| 2005 | 5.9% | -0.5% |
| 2006 | 6.1% | +2.5% |
| 2007 | 6.1% | +1.2% |
| 2008 | 6.0% | -1.5% |
| 2009 | 6.4% | +5.4% |
| 2010 | 6.2% | -2.3% |
| 2011 | 5.9% | -4.5% |
| 2012 | 6.1% | +3.3% |
| 2013 | 6.3% | +3.2% |
| 2014 | 6.4% | +1.6% |
| 2015 | 6.1% | -5.1% |
| 2016 | 6.0% | -1.6% |
| 2017 | 5.4% | -9.5% |
| 2018 | 5.4% | -0.7% |
| 2019 | 5.4% | -0.7% |
| 2020 | 5.4% | +0.0% |
| 2021 | 5.4% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.6% | 2.9% | 4.0% | 10 |
| 1980s | 3.4% | 3.2% | 3.6% | 10 |
| 1990s | 3.9% | 3.1% | 4.6% | 10 |
| 2000s | 5.8% | 5.0% | 6.4% | 10 |
| 2010s | 5.9% | 5.4% | 6.4% | 10 |
| 2020s | 5.4% | 5.4% | 5.4% | 2 |
Countries ranked near Cyprus
- 38 Republic of Moldova 5.5% compare
- 39 Chile 5.5% compare
- 40 Mozambique 5.4% compare
- 42 Kyrgyzstan 5.3% compare
- 43 Jamaica 5.2% compare
- 44 Cape Verde 5.2% compare
More economy & growth data for Cyprus
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.45 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 2.03 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.1926 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 5,792 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate -2.27 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.1704 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 5,126 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -4.63 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1506 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Cyprus?
- Adjusted savings: education expenditure in Cyprus was 5.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Cyprus?
- The highest recorded value was 6.4% in 2014.
- What is the lowest adjusted savings: education expenditure recorded in Cyprus?
- The lowest recorded value was 2.9% in 1977.
- How does Cyprus rank for adjusted savings: education expenditure?
- Cyprus ranks 41st out of 200 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Cyprus?
- Over the last ten years it is down 9.7%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.