The analysis of European Output for Public Administration and Defence, Compulsory Social Security in 2023, indicates varying country performances. Spain leads with 101.97 billion euros, followed by the Netherlands at 85.32 billion euros. Austria and Belgium demonstrated moderate outputs of 31.03 billion and 45.74 billion euros, respectively. Slovenia and Estonia, while smaller, showed notable growth with 7.08% and 4.76% year-on-year increases. Greece, however, saw a decline of 1.27%. The five-year CAGR suggests steady growth, indicating a resilient sector overall.
Future trends to watch include:
- Continued growth in smaller nations possibly outpacing larger economies due to reforms and efficiency improvements.
- Potential impact of geopolitical changes on defence spending across Europe.
- Technological advancements optimizing public administration processes.
Top countries in Output of Public Administration and Defence, Compulsory Social Security by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 101,970 | 2023 | +2.46% | +2.95% | View data |
| 2 | 2 Netherlands | 85,320 | 2023 | +0.82% | +1.37% | View data |
| 3 | 3 Belgium | 45,740 | 2023 | +1.59% | +2.25% | View data |
| 4 | 4 Austria | 31,030 | 2023 | +3.51% | +3.76% | View data |
| 5 | 5 Finland | 25,080 | 2023 | +1.58% | +2.97% | View data |
| 6 | 6 Greece | 19,390 | 2023 | -1.44% | -1.27% | View data |
| 7 | 7 Portugal | 17,470 | 2023 | +0.059% | +1.39% | View data |
| 8 | 8 Slovenia | 5,120 | 2023 | +7.01% | +7.08% | View data |
| 9 | 9 Estonia | 2,680 | 2023 | +3.58% | +4.76% | View data |
| 10 | 10 Cyprus | 2,300 | 2023 | -0.008% | +2.57% | View data |
