France shows the highest household expenditure on social protection at 27.8 billion euros, growing modestly at 1.47% during 2023. Spain and Italy follow with significantly lower expenditures at 7.74 billion and 7.28 billion euros, respectively. Netherlands, Belgium, Portugal, and Ireland, with respective growth rates of 3.7%, 5.11%, 4.55%, and 3.59%, are experiencing a notable increase. Smaller countries like Luxembourg, Croatia, and Slovenia showed robust growth, exceeding 6% each, while Estonia leads with an 11.57% increase. Lithuania and Slovakia also depicted growth, marking 10.06% and 3.21%, respectively.
Future trends to watch include increased growth rates in smaller countries, driven by policy changes or adjustments in social protection allocations. The larger economies might focus on optimizing existing spend while maintaining modest growth. Monitoring shifts in demographic dynamics and economic conditions will be crucial for understanding future expenditure allocations.
Top countries in Household Expenditure on Social Protection by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 27,800 | 2023 | +1.92% | +1.47% | View data |
| 2 | 2 Spain | 7,740 | 2023 | +2.02% | +0.89% | View data |
| 3 | 3 Italy | 7,280 | 2023 | +1.2% | -0.25% | View data |
| 4 | 4 Netherlands | 5,160 | 2023 | +2.08% | +3.7% | View data |
| 5 | 5 Belgium | 3,430 | 2023 | +1.61% | +5.11% | View data |
| 6 | 6 Portugal | 2,520 | 2023 | +2.56% | +4.55% | View data |
| 7 | 7 Ireland | 1,140 | 2023 | +2.34% | +3.59% | View data |
| 8 | 8 Luxembourg | 479.19 | 2023 | -0.052% | +7.02% | View data |
| 9 | 9 Croatia | 350.25 | 2023 | +1.73% | +6.04% | View data |
| 10 | 10 Slovenia | 303.59 | 2023 | +2.88% | +7.91% | View data |
