EU pensions equates to 12.9% of GDP in 2021
Matthew Walker2024-06-11T14:29:22-05:00June 11, 2024 In 2021, the EU spent approximately €1 882 billion on pensions, accounting for 12.9% of total GDP. Although overall pension expenditure climbed by 2.8% from 2020, its ratio to GDP was 0.7 percentage points lower than in 2020, when it was 13.6%. In 2021, the proportional importance of pension expenditures differed significantly