In 2023, European household expenditure on social protection as a percentage of GDP varied significantly across countries. Germany led with the highest value at 1.3%, showing a 3.4% increase from the previous year, while Ireland and Hungary witnessed notable decreases of 7.79%. Stability was observed in countries like Portugal, United Kingdom, and several others with no change. Estonia experienced the highest positive change at 5.92%, whereas Poland and Serbia had the steepest declines at 12.94%. Future trends to watch include potential fluctuations due to economic shifts, policy changes, and evolving demographics that could impact spending priorities across Europe.
Top countries in Household Expenditure on Social Protection by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1.3 | 2023 | +8.33% | +3.4% | View data |
| 2 | 2 Portugal | 1 | 2023 | 0% | 0% | View data |
| 3 | 3 France | 1 | 2023 | 0% | -1.89% | View data |
| 4 | 4 Finland | 1 | 2023 | 0% | +2.13% | View data |
| 5 | 5 United Kingdom | 1 | 2023 | 0% | 0% | View data |
| 6 | 6 Sweden | 0.9 | 2023 | 0% | -2.09% | View data |
| 7 | 7 Austria | 0.7 | 2023 | +16.67% | +3.13% | View data |
| 8 | 8 Norway | 0.7 | 2023 | 0% | +3.13% | View data |
| 9 | 9 Luxembourg | 0.6 | 2023 | 0% | 0% | View data |
| 10 | 10 Spain | 0.6 | 2023 | 0% | 0% | View data |
