Forecast: Total Expenditure on Net Social Protection in Italy

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.

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