The Global Public Employment Services and Administration Expenditure data reveal varying investment levels relative to GDP in countries during 2023. Germany leads with an expenditure of 0.38% of GDP, contrasting with Latvia at 0.05%. Notable year-on-year changes include a decrease in Germany and Canada, with Germany at -2.44% and Canada at -3.93%. Conversely, Estonia and South Korea saw increases of 2.71% and 3.71%, respectively. Expenditure levels largely remain stable in Australia, Czech Republic, Switzerland, and Slovenia from 2022 to 2023, reflecting a possibly cautious fiscal approach to public employment services.
Future trends to monitor include the global economic climate's impact and policy shifts toward digitalization in employment services. Countries may adapt to technological advances, leading to potential reallocations of expenditures, emphasizing efficiency and increasing labor market responsibilities' technological integration.
Top countries in Public Employment Services and Administration Expenditure from Public Sources by Country
| # | 9 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 0.38 | 2023 | +2.7% | -2.44% | View data |
| 2 | 2 Estonia | 0.16 | 2023 | 0% | +2.71% | View data |
| 3 | 3 Australia | 0.15 | 2023 | 0% | 0% | View data |
| 4 | 4 Czech Republic | 0.12 | 2023 | 0% | 0% | View data |
| 5 | 5 Switzerland | 0.11 | 2023 | 0% | 0% | View data |
| 6 | 6 Canada | 0.09 | 2023 | 0% | -3.93% | View data |
| 7 | 7 Slovenia | 0.07 | 2023 | 0% | 0% | View data |
| 8 | 8 South Korea | 0.06 | 2023 | 0% | +3.71% | View data |
| 9 | 9 Latvia | 0.05 | 2023 | 0% | -3.58% | View data |
