As of 2023, Italy's general government expenditures on social protection stood at approximately 21.6% of GDP. The forecast indicates a gradual increase, reaching 22.17% by 2028. From 2024 to 2028, the annual expenditure is expected to rise incrementally by about 0.12 percentage points each year. This suggests a consistent focus towards social protection, with a projected compound annual growth rate (CAGR) of approximately 0.51% over the five-year period.
Future trends to watch for:
- Shifts in demographic patterns affecting social expenditures.
- Policy changes due to economic conditions or political priorities.
- Impact of technological advancements on social protection needs.
