The 2023 data shows Germany leading European net social protection expenditure at over one trillion euros, growing by 5.42% annually. France and Italy follow, with moderate increases, while smaller economies like the Netherlands and Ireland display double-digit growth. Notably, Lithuania, Romania, and Malta exhibit strong increases, suggesting a rapid social investment trend. Meanwhile, Greece experiences a slight decline, underscoring economic challenges. Malta's exceptional growth at 16.52% highlights its catch-up from a lower base.
Future trends suggest a focus on sustainability and targeted social investments. Expect continued upward trajectories in emerging economies and aging populations driving expenditure needs across developed nations.
Top countries in Total Expenditure on Net Social Protection by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,182,800 | 2023 | +4.66% | +5.42% | View data |
| 2 | 2 France | 851,940 | 2023 | +2.1% | +2.5% | View data |
| 3 | 3 Italy | 611,550 | 2023 | +6.63% | +6.55% | View data |
| 4 | 4 Spain | 320,930 | 2023 | +0.79% | +3.74% | View data |
| 5 | 5 Netherlands | 293,040 | 2023 | +9.21% | +9.98% | View data |
| 6 | 6 Switzerland | 196,250 | 2023 | +3.99% | +6.57% | View data |
| 7 | 7 Belgium | 148,630 | 2023 | +1.99% | +3.73% | View data |
| 8 | 8 Poland | 140,230 | 2023 | +6.75% | +9.88% | View data |
| 9 | 9 Austria | 137,740 | 2023 | +5.25% | +6.32% | View data |
| 10 | 10 Sweden | 137,260 | 2023 | +3.05% | +3.07% | View data |
