The analysis of European means-tested net social protection reveals varying levels of GDP allocation across countries. In 2023, Denmark allocated the highest at 8.62%, followed by France and Italy with significant year-on-year increases of 9.0% and 8.13% respectively. Conversely, Poland and Romania saw notable declines, while Hungary experienced a noteworthy drop of 3.62%. Finland, Slovenia, and Luxembourg demonstrated positive growth in allocations. The overall trend suggests that countries with robust welfare systems maintain higher GDP proportions for social protection, though fluctuations indicate varying priorities or economic factors influencing allocations.
Future trends to watch include potential increases in countries showing upward variations, such as France and Italy. Additionally, the fiscal challenges and policy reforms across the EU could lead countries like Poland and Romania to either stabilize or further reduce allocations. Monitoring economic recovery and social needs will be crucial, as countries attempt to balance social protection with economic growth and budget constraints.
Top countries in Means-Tested Net Social Protection by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 8.62 | 2023 | +0.12% | +0.78% | View data |
| 2 | 2 France | 5.2 | 2023 | +9.01% | +9% | View data |
| 3 | 3 Iceland | 4.31 | 2023 | -0.23% | +1.05% | View data |
| 4 | 4 Netherlands | 4.1 | 2023 | +0.74% | +1.53% | View data |
| 5 | 5 Spain | 4.03 | 2023 | +4.68% | +7.02% | View data |
| 6 | 6 Germany | 3.77 | 2023 | +0.8% | +1.44% | View data |
| 7 | 7 Italy | 3.34 | 2023 | +3.73% | +8.13% | View data |
| 8 | 8 Ireland | 3.16 | 2023 | -0.32% | -1.63% | View data |
| 9 | 9 Austria | 3.03 | 2023 | +1.68% | +3.35% | View data |
| 10 | 10 Cyprus | 2.49 | 2023 | -0.4% | -0.32% | View data |
