The local government expenditures on social protection in 2023 highlight Japan's leading position globally, with significant expenditures exceeding $223 billion PPP, followed closely by Germany and the United Kingdom. Most countries show moderate growth, with South Korea and Ireland experiencing substantial spending increases. Finland, Spain, and Czech Republic also report notable rises, while Greece faces a dramatic decline. Poland exhibits the highest percentage growth amongst these countries. Additionally, many European countries like Belgium, Switzerland, and Sweden maintain stable growth trends.
Looking ahead, global forecasts suggest cautious optimism with varying country-specific growth rates. Potential changes in economic conditions, policy shifts, or demographic developments could greatly affect expenditure patterns. Monitoring such factors will be crucial for future projections and strategic planning.
Top countries in Local Government Expenditures on Social Protection by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 223,060 | 2023 | +1.24% | +1.57% | View data |
| 2 | 2 Germany | 144,180 | 2023 | +2.45% | +2.58% | View data |
| 3 | 3 United Kingdom | 109,690 | 2023 | +1.24% | +0.85% | View data |
| 4 | 4 France | 76,250 | 2023 | +2.17% | +2.77% | View data |
| 5 | 5 South Korea | 73,220 | 2023 | +3.2% | +3.31% | View data |
| 6 | 6 Denmark | 69,630 | 2023 | +2.03% | +2.39% | View data |
| 7 | 7 Poland | 45,740 | 2023 | +4.2% | +6.29% | View data |
| 8 | 8 Sweden | 39,670 | 2023 | +1.96% | +1.95% | View data |
| 9 | 9 Netherlands | 34,910 | 2023 | +1.95% | +1.91% | View data |
| 10 | 10 Italy | 19,840 | 2023 | +1.39% | +1.73% | View data |
