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CESEE: Social Protection Still Underdeveloped
Politics ♦
Published: November 27, 2012; 19:21 ♦ (Vindobona)
EU27 spent 29.4% of GDP on social protection in 2010. The lowest ratios were observed in Romania, Latvia, Estonia and Bulgaria.
CESEE: Social Protection Still Underdeveloped / Picture: © Vindobona.org
Over recent years, social protection expenditure1 in the EU27 rose from a low of 26.1% of GDP in 2007 to reach 29.6% in 2009 and 29.4% in 2010, according to data from Eurostat, the statistical office of the European Union. This increase in the ratio is in large part a result of the economic crisis, as in nominal terms total social…
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