The Gross Value Added (GVA) for Public Administration, Defence, and Compulsory Social Security in 2023 showcases notable growth across European countries. Belgium leads with 39.3 billion Euros, closely followed by Austria. Rapid annual growth rates were observed in Malta and Estonia, with percentages of 8.12 and 7.55, respectively, indicating dynamic expansions. In contrast, Greece and Portugal exhibited relatively modest increases, highlighting variations in sectoral investments and economic conditions across the region.
Future trends to watch include technological advancements impacting defence infrastructure, demographic changes influencing social security demands, and policy shifts in response to fiscal constraints. Monitoring these elements will be crucial for anticipating future GVA trajectories in this sector.
Top countries in Public Administration and Defence, Compulsory Social Security Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 39,300 | 2023 | +6.13% | +5.2% | View data |
| 2 | 2 Austria | 20,230 | 2023 | +3.23% | +3.32% | View data |
| 3 | 3 Greece | 16,600 | 2023 | +0.87% | +0.69% | View data |
| 4 | 4 Portugal | 14,650 | 2023 | +3% | +3.6% | View data |
| 5 | 5 Slovakia | 7,370 | 2023 | +2.06% | +5.71% | View data |
| 6 | 6 Croatia | 4,140 | 2023 | +2.14% | +5.24% | View data |
| 7 | 7 Latvia | 2,410 | 2023 | +2.27% | +4.34% | View data |
| 8 | 8 Cyprus | 2,200 | 2023 | +4.26% | +6.74% | View data |
| 9 | 9 Estonia | 2,000 | 2023 | +6.1% | +7.55% | View data |
| 10 | 10 Malta | 955.99 | 2023 | +7.27% | +8.12% | View data |
