In 2024, Belgium leads global state government expenditure on social protection at 26.08% of its budget, followed by Germany at 23.46% and Austria at 23.09%. Switzerland allocates 21.64%, while the United States spends a modest 4.34%. Year-on-year growth in 2023 showed positive trends for Belgium (2.4%), Germany (1.37%), and Austria (0.52%), while Switzerland and the United States experienced declines of 0.12% and 1.11%, respectively. These percentages indicate notable investment disparities in social protection by country.
Future trends to watch include potential increased investments in social protections due to global economic pressures and demographic changes, especially in the United States and Switzerland, which currently underinvest compared to their European counterparts.
Top countries in State Government Expenditures on Social Protection by Country
| # | 5 Countries | Percent of State Government Expenditure | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 26.08 | 2023 | +1.76% | +2.4% | View data |
| 2 | 2 Germany | 23.46 | 2023 | +1.03% | +1.37% | View data |
| 3 | 3 Austria | 23.09 | 2023 | +0.61% | +0.52% | View data |
| 4 | 4 Switzerland | 21.64 | 2023 | +0.046% | -0.12% | View data |
| 5 | 5 United States | 4.34 | 2023 | -1.14% | -1.11% | View data |
