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Tuesday, November 5, 2024

Welfare systems in Europe ranked according to GDP spending

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According to the World Economic Forum the spending on welfare systems related to Gross Domestic Product (GDP) is ranked as follows

Highest to Lowest Social Spending as a Percentage of GDP:

  1. France
    • Social spending: ~31-32% of GDP
    • France is renowned for its extensive welfare programmes, including universal healthcare, pensions, and unemployment benefits.
  2. Belgium
    • Social spending: ~28-30% of GDP
    • Belgium has a strong social security system, providing comprehensive coverage for healthcare, pensions, and unemployment benefits.
  3. Finland
    • Social spending: ~28-30% of GDP
    • Finland offers comprehensive welfare benefits, including universal healthcare, education, and a robust social safety net.
  4. Denmark
    • Social spending: ~28-29% of GDP
    • Denmark’s “flexicurity” model combines flexible labour markets with strong social security benefits, including childcare, healthcare, and education.
  5. Italy
    • Social spending: ~28-29% of GDP
    • Italy has a well-established social protection system, providing universal healthcare, pensions, and unemployment benefits.
  6. Austria
    • Social spending: ~28% of GDP
    • Austria ensures extensive social welfare coverage, including healthcare, pensions, and unemployment benefits.
  7. Sweden
    • Social spending: ~27% of GDP
    • Sweden is known for its universal healthcare, generous parental leave, and a strong pension system.
  8. Germany
    • Social spending: ~25-27% of GDP
    • Germany’s welfare state features extensive healthcare, unemployment insurance, and pension benefits.
  9. Portugal
    • Social spending: ~25% of GDP
    • Portugal has a comprehensive welfare system, including healthcare, pensions, and unemployment benefits, with a focus on social inclusion.
  10. Netherlands
    • Social spending: ~24-25% of GDP
    • The Netherlands maintains a high-quality welfare system, including healthcare, pensions, and unemployment benefits.
  11. Spain
    • Social spending: ~24-25% of GDP
    • Spain’s welfare system provides universal healthcare, pensions, and unemployment benefits, though with some regional disparities.
  12. Switzerland
    • Social spending: ~24% of GDP
    • Switzerland offers high-quality healthcare, pensions, and social security benefits, supported by a strong economy.
  13. Luxembourg
    • Social spending: ~23-24% of GDP
    • Luxembourg has high per capita social spending with comprehensive welfare benefits.
  14. Norway
    • Social spending: ~23% of GDP
    • Norway has extensive welfare benefits, including universal healthcare, education, and generous unemployment benefits.
  15. United Kingdom
    • Social spending: ~20-22% of GDP
    • The UK provides social welfare through the NHS, unemployment benefits, and pensions, although facing challenges and reforms.
  16. Iceland
    • Social spending: ~20-22% of GDP
    • Iceland offers universal healthcare, generous parental leave, and a robust pension system.
  17. Ireland
    • Social spending: ~20% of GDP
    • Ireland provides generous welfare programmes focusing on healthcare, unemployment benefits, and social housing.
  18. Slovenia
    • Social spending: ~20% of GDP
    • Slovenia has a strong social protection system, including healthcare, pensions, and unemployment benefits.
  19. Czech Republic
    • Social spending: ~19-20% of GDP
    • The Czech Republic maintains solid welfare provisions, including healthcare, pensions, and unemployment benefits.
  20. Estonia
    • Social spending: ~16-18% of GDP
    • Estonia has a growing welfare state with an emphasis on improving social protection and reducing inequality.

Therefore, for those who argue that migrants come to the UK for the benefits should understand that fourteen countries would therefore be more attractive. France is top so why proceed to the UK?

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