Based on 2023 forecast data, France leads with 13.98% of GDP allocated to public pension spending. Key year-on-year variations from 2022 to 2023 are: France (+0.56%), Hungary (-0.57%), Switzerland (+0.54%), Mexico (+5.88%), South Korea (+2.61%), and Costa Rica (-0.39%). These variations demonstrate differing trends, with Mexico showing significant growth while Hungary and Costa Rica exhibit declines.
Looking forward, the sustained growth in pensions in Mexico and South Korea may indicate increasing support for aging populations. Conversely, monitoring potential reforms and economic adjustments will be critical in countries like Hungary and Costa Rica to understand the implications of their declining public pension spending.
Top countries in Public Pension Spending by Country
| # | 6 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 13.98 | 2023 | +0.45% | +0.56% | View data |
| 2 | 2 Hungary | 7.95 | 2023 | -0.87% | -0.57% | View data |
| 3 | 3 Switzerland | 6.77 | 2023 | +0.42% | +0.54% | View data |
| 4 | 4 Mexico | 3.44 | 2023 | +3.36% | +5.88% | View data |
| 5 | 5 South Korea | 3.41 | 2023 | +2.49% | +2.61% | View data |
| 6 | 6 Costa Rica | 3.29 | 2023 | -0.36% | -0.39% | View data |
