Social protection and its financing 2012

Hannele Tanhua, Nina Knape

19.04.23 Social protection and its financing 2012 1

Social protection expenditure by function 1980-2012, in 2012 prices, EUR billion

19.04.23 Social protection and its financing 2012 2

Number of old-age pension and social protection exependiture related to old age, in 2012 prices, EUR billion 1996-2012

19.04.23 Social protection and its financing 2012 3

Financing of social expenditure 1980-2012, %

19.04.23 Social protection and its financing 2012 4

Social expenditure in relation to GDP in EU countries 2008-2012, %*

19.04.23 Social protection and its financing 2012 5

* Source: Eurostat Database. No 2012 data from the EU countries were available on the date of retrieval, 13 Feburary 2014. Data for 2013 is an estimate, source: Ministry of Social Affairs and Health.

Social protection and its financing • In 2012, social protection expenditure in Finland amounted to

EUR 60.0 billion. In real terms, the expenditure grew by 3.0 per cent.

• Per capita expenditure amounted to EUR 11 086.

• More than one third of social protection expenditure was spent on services and pensions related to old age (EUR 22.1 billion). The second laregest function was Sickness and health care representing EUR 14.8 billion.

• In 2011, the EU average for social protection expenditure in relation to GDP was 29.1 per cent.

• Employers amounted for 34.8, state 27.6, local authorities 19.2, insured 12,5 and others 5.8 per cent of the social protection financing.

19.04.23 Social protection and its financing 6