The forecast for Old Age Gross Social Protection expenditure in Germany sees a steady increase from 395.14 billion euros in 2024 to 447.54 billion euros in 2028. Compared to its 2023 level, this represents a consistent annual growth. From 2024 to 2025, there is a year-on-year increase of approximately 3.37%, and subsequent years show similar growth patterns with rising expenditures. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reflects a consistent positive trend.
Future trends to watch for include:
- Demographic changes with an increasing elderly population could accelerate spending growth.
- Economic conditions and policy adjustments may impact social protection budgets.
- Potential reforms in the pension system could alter projected forecast figures.
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