The analysis of European Unemployment Net Social Protection reveals varied investment levels across countries, expressed as a percentage of GDP in 2023. Iceland leads at 6.41%, while Hungary is at the lower end with 0.42%. Over the past year, significant increases were observed in Iceland, Ireland, and Malta, while Serbia saw a decline. The five-year CAGR illustrates robust growth in areas like Iceland and Poland, contrasting with modest changes elsewhere.
Future trends to watch include potential impacts of fiscal policies and economic conditions on social protection budgets. Additionally, the digital transformation of welfare systems could foster efficiency, possibly reducing expenditure relative to GDP.
Top countries in Unemployment Net Social Protection by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 6.41 | 2023 | +28.71% | +72.47% | View data |
| 2 | 2 Spain | 3.32 | 2023 | +0.3% | +15.86% | View data |
| 3 | 3 Ireland | 3.19 | 2023 | +13.12% | +33.94% | View data |
| 4 | 4 Belgium | 2.53 | 2023 | -1.17% | +8.92% | View data |
| 5 | 5 Lithuania | 2.39 | 2023 | +11.68% | +29.35% | View data |
| 6 | 6 France | 2.32 | 2023 | +2.2% | +5.8% | View data |
| 7 | 7 Austria | 2.17 | 2023 | +2.84% | +7.95% | View data |
| 8 | 8 Cyprus | 1.87 | 2023 | +0.54% | +13.11% | View data |
| 9 | 9 Italy | 1.87 | 2023 | +2.75% | +8.39% | View data |
| 10 | 10 Finland | 1.85 | 2023 | 0% | +3.74% | View data |
