Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Family Benefits In The EU

Published 04/11/2014, 06:45 AM
Updated 07/09/2023, 06:31 AM

This Great Graphic was tweeted by Random Jog. It shows family benefits as a percent of GDP for EU countries. There are two parts to the benefits. There is the part that all families receive.  It is the basket of goods and services one gets as a citizen. This is the red bar.

Means Test

There are also the benefits that are means-tested. These are shown in blue. Several countries have no means tested family benefits. While there are no countries that have only means-test family benefits, Italy and Portugal come the closest.

The disparity between countries like Denmark and Luxembourg whose family benefits programs amount to 4% of GDP is in stark contrast with Poland, whose program is less than 1% of GDP, is stark. It does not appear to be able to be explained by size of country or GDP per capita. Culture, broadly understood, to include history and institutional arrangements, may matter more.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.