The data indicates that in 2023, Ireland led in government procurement on social protection, with a significant positive variance of 2.03% from the previous year. Countries like Iceland and Greece stand out for their notable increases of 2.78% and 15.53% respectively, while others like Hungary, Romania, and Slovakia showed significant declines. On a broader scale, many European countries like Luxembourg and Spain have experienced modest year-on-year gains, while countries like France and Sweden have seen declines. Over a five-year horizon, the compounded annual growth suggests a mixed picture with variabilities across different nations.
Future trends in global government procurement on social protection will likely be influenced by economic recovery post-pandemic, demographic shifts, and policy adjustments. Countries may focus on enhancing social protection measures, especially those hit hard by recent economic challenges, potentially leading to increased allocations in this sector. Monitoring changes in governmental priorities and fiscal capabilities will be crucial to understanding these shifts.
Top countries in General Government Procurement on Social Protection by Country
| # | 10 Countries | Percent of General Government Procurement | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 22.35 | 2023 | +1.45% | +2.03% | View data |
| 2 | 2 Switzerland | 22.11 | 2023 | +0.45% | +0.4% | View data |
| 3 | 3 Netherlands | 21.78 | 2023 | +0.18% | +0.46% | View data |
| 4 | 4 Germany | 20.06 | 2023 | +0.55% | +0.5% | View data |
| 5 | 5 Finland | 18.15 | 2023 | +0.055% | -0.044% | View data |
| 6 | 6 Luxembourg | 17.77 | 2023 | +0.97% | +1.15% | View data |
| 7 | 7 Denmark | 15.85 | 2023 | 0% | -0.26% | View data |
| 8 | 8 Japan | 14.08 | 2023 | +0.36% | +0.29% | View data |
| 9 | 9 Sweden | 13.95 | 2023 | -0.21% | -0.69% | View data |
| 10 | 10 United Kingdom | 13.83 | 2023 | +0.14% | -0.48% | View data |
