In 2023, the United States led global government expenditures on social protection, amounting to approximately 1.697 trillion USD PPP. Germany followed with 0.987 trillion, and Japan and France trailed closely. Noteworthy growth was observed in Poland, South Korea, and Belgium, exceeding 2% year-on-year. Romania marked the highest growth at 3.94%, with modest increases in most other countries. Over the past five years, government expenditures in social protection have consistently expanded, driven by growing societal demands.
Future trends to watch include an increase in expenditure prioritization on healthcare and aging populations, especially in developed nations. Rapid growth in emerging markets may push government spending higher, influenced by technology advancements and inflation pressures.
Top countries in Government Expenditures on Social Protection by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,696,600 | 2023 | +1.37% | +1.88% | View data |
| 2 | 2 Germany | 987,080 | 2023 | +1.95% | +2.3% | View data |
| 3 | 3 Japan | 894,370 | 2023 | +0.97% | +1% | View data |
| 4 | 4 France | 844,660 | 2023 | +1.85% | +2.49% | View data |
| 5 | 5 Italy | 600,820 | 2023 | +1.7% | +2.21% | View data |
| 6 | 6 United Kingdom | 502,620 | 2023 | +1.25% | +1.37% | View data |
| 7 | 7 Spain | 365,940 | 2023 | +1.83% | +2.61% | View data |
| 8 | 8 Poland | 236,300 | 2023 | +2.6% | +3.75% | View data |
| 9 | 9 South Korea | 172,340 | 2023 | +2.6% | +2.62% | View data |
| 10 | 10 Netherlands | 167,230 | 2023 | +1.32% | +1.55% | View data |
