Expenditure on social protection amounted to €130 bn or 34.4% of GDP in 2020
"In the Corona year 2020, for the first time, expenditure amounting to more than one third of Austria's GDP flowed into social protection: At 34.4%, the social expenditure-to-GDP ratio was 5.1 percentage points higher than in 2019 and thus reached a historic peak. By comparison: At the peak of the economic and financial crisis in 2009, the ratio was 29.6%," says Statistics Austria Director General Tobias Thomas.
For more detailed information please refer to the German version.
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