Global In Cash Social Benefits to Households by Country

In 2023, Italy led global in-cash social benefits with 25.01% of GDP, marking a 4.92% increase. The U.S. showed a 7.73% rise, reaching 20.84%, while Canada’s spike was notable at 10.73%, arriving at 16.53%. Conversely, Sweden (-0.25%) and Hungary (-0.9%) experienced minor declines. Over the last five years, the annual average growth rate, or CAGR, demonstrated varied momentum, with countries like Canada showing accelerating growth.

Looking forward, social support systems might see recalibrations due to economic shifts, policy changes, and fiscal constraints. Key trends to monitor include enhanced digital solutions for benefit distribution and the impact of demographic changes on social welfare systems.