Total expenditure on social protection benefits in the EU reached €4.92 trillion according to early estimates for 2024 released on Friday by Eurostat.
This marks a 6.9 per cent increase compared with the previous year of 2023.
Data showed that social protection benefits expenditure represented 27.3 per cent of the EU’s Gross Domestic Product.
Eurostat also reported that this percentage indicates a 0.6 percentage points increase compared with 2023.
The
