The United States leads in global government expenditures on social protection, followed by Germany, Japan, and France. From 2023 to 2024, the highest year-on-year increase was observed in countries like Romania and Estonia. Consistent growth was notable in Poland and Israel. Over the past five years, Luxembourg and Iceland have shown significant average annual growth. In contrast, Greece and Hungary displayed subdued expenditure growth. Overall, European countries commonly exhibit strong commitments, reflecting consistent socio-economic policies.
Future trends to watch:
- An emphasis on sustainability and efficiency in social protection expenditures might arise as economic uncertainties persist.
- Technological advancements may drive more comprehensive, data-driven policymaking in social protection spending, influencing allocation and effectiveness.
- Emerging markets may focus on enhancing social support structures, considering demographic changes and economic development.
Top countries in Government Expenditures on Social Protection Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 21.55 | 2023 | +1.37% | +1.88% | View data |
| 2 | 2 Germany | 12.54 | 2023 | +1.95% | +2.3% | View data |
| 3 | 3 Japan | 11.36 | 2023 | +0.97% | +1% | View data |
| 4 | 4 France | 10.73 | 2023 | +1.85% | +2.49% | View data |
| 5 | 5 Italy | 7.63 | 2023 | +1.7% | +2.21% | View data |
| 6 | 6 United Kingdom | 6.38 | 2023 | +1.25% | +1.37% | View data |
| 7 | 7 Spain | 4.65 | 2023 | +1.83% | +2.61% | View data |
| 8 | 8 Poland | 3 | 2023 | +2.6% | +3.75% | View data |
| 9 | 9 South Korea | 2.19 | 2023 | +2.6% | +2.62% | View data |
| 10 | 10 Netherlands | 2.12 | 2023 | +1.32% | +1.55% | View data |
