Forecast: Revenue of Unemployment Insurance in China

The forecasted revenue of unemployment insurance in China shows a steady increase from 2024 to 2028, starting at 162 billion yuan in 2024 and reaching 205 billion yuan by 2028. This trend reflects a compound annual growth rate (CAGR) over the five-year period, indicating a consistent upward trend in the revenue generation of unemployment insurance.

Year-on-year percentage variations show a steady increase each year, suggesting popularity and reliance on unemployment insurance as China further modernizes its social security system. These strong growth prospects are supported by China's economic recovery measures and evolving labor market policies.

Future trends to watch for include potential policy changes influencing overall unemployment insurance coverage levels, the digitalization of insurance services, and the influence of economic factors such as employment rates and economic growth that could drive further increases in unemployment insurance revenue.