The forecast for the UK’s Sickness Net Social Protection as a percentage of GDP indicates a gradual increase from 2024 to 2028. Starting at 8.86% in 2024, the value is set to rise steadily, reaching 9.05% by 2028. The figures translate to modest year-on-year growth rates, reflecting stable government spending in this sector.
Over the next five years, the compounded annual growth rate (CAGR) portrays a steady upward trend, suggesting a consistent allocation of resources towards sickness-related social protection.
Future trends to monitor include potential policy changes impacting social protection budgets, economic conditions affecting GDP, and demographic shifts increasing demand for sickness benefits.
