European Old Age Gross Social Protection Share by Country (Million Euros)

In 2023, Germany led in European old age gross social protection expenditure with notable value increments, followed by France and the United Kingdom. From recent data, significant year-on-year growth was observed in Romania, Luxembourg, and Lithuania. Conversely, Norway witnessed a decline. Over the past five years, countries like Poland and Austria have shown robust growth, contributing consistently to their pension systems. Noteworthy are smaller economies like Slovenia and Serbia, experiencing appreciable increments attributed to socio-economic reforms.

Looking ahead, the key focus should be on demographic changes and economic resilience influencing expenditure. Rising aging populations and economic health will remain pivotal in shaping future allocations across Europe.