Social protection represented the most important area of general government expenditure in 2015 in all EU Member States. The ratio of government social protection expenditure to GDP varied across EU Member States from less than 10% in Ireland (9.6%) to over a quarter in Finland (25.6%). Eight Member States – Finland, France, Denmark, Austria, Italy, Sweden, Greece and Belgium – devoted at least 20% of GDP to social protection, while Ireland, the three Baltic Member States, Romania, Cyprus, Malta and the Czech Republic each spent less than 13% of GDP on social protection. Social protection expenditure can be further broken down into a number of detailed groups. The group ‘old age’, which includes pensions, made up the largest part of social protection expenditure in all Member States. Government expenditure on ‘old age’ as a share of GDP was highest in 2015 in Greece (15.7%), followed by Italy (13.8%), France (13.6%), Finland (13.4%) and Austria (13.1%). In contrast, Ireland (2.4%), Cyprus and Lithuania (both 5.8%) recorded the lowest shares. General government expenditure on ‘old age’ accounted for 10.3% of GDP in the EU.
Σχετικές Αναρτήσεις
- Eurostat/ GDP up by 0.4% in the euro area and by 0.5% in the EU28/ 14 February 2017
- Cecchetti, Stephen, Schoenholtzm Kim, (2017), “GDP-linked bonds: A primer “, VoxEu, 1 Μαρτίου