In 2023, Italy's net social protection expenditure was 27.8% of GDP. Forecasts suggest a steady increase from 2024, with figures reaching 29.04% of GDP by 2028. The year-on-year growth is approximately 0.25% each year, with a compound annual growth rate (CAGR) of approximately 0.88% over the five-year period.
Future trends to watch for:
- Impact of demographic shifts, particularly an aging population.
- Changes in economic conditions and political policies influencing social protection budgets.
- Potential adoption of innovative welfare technologies and systems.