5 Countries that Spend the Most on Welfare

3. Austria

Social Expenditure as a Percentage of GDP in 2022: 29.40%

GDP in 2023: $526.18 Billion

GDP per Capita in 2023: $58,010

Austria ranks among the countries that spend the most on welfare. Austria’s social welfare ensures medical treatment for every resident, heavily subsidizes preschool childcare options to support working parents, and maintains an insurance-based public pension system for retirees.