Global Social Protection Hits 52.4%, But 3.8 Billion Still Uncovered, Urgent Action Needed

September 13, 2024
Global Social Protection Hits 52.4%, But 3.8 Billion Still Uncovered, Urgent Action Needed
  • For the first time, data reveals that over half of the global population, specifically 52.4%, is covered by some form of social protection, a significant increase from 42.8% in 2015.

  • Despite this progress, 3.8 billion people, including 1.8 billion children, still lack any form of social safety net, highlighting persistent gaps in coverage.

  • The disparities in social protection coverage are stark, with high-income countries achieving 85.9% coverage compared to just 9.7% in low-income countries.

  • Low-income countries face critically low coverage rates, with only 9.7% of their populations protected, a figure that has seen little improvement since 2015.

  • To ensure a basic level of social security, low- and middle-income countries require an additional $1.4 trillion annually, which represents about 3.3% of their GDP.

  • Specifically, low-income countries need an additional $308.5 billion per year to achieve basic social protection, necessitating substantial international support.

  • The report identifies a significant financing gap, noting that the annual financing gap in the 20 most vulnerable countries is $200.1 billion, which is 69.1% of their GDP.

  • The ILO warns that at the current pace, universal social protection coverage will not be achieved for another 49 years, projecting a target year of 2073.

  • The ILO calls for urgent policy actions to close social protection gaps, emphasizing the need for increased investment and external support.

  • Mia Seppo, ILO Assistant Director-General, stated that the disparity in access to social protection reflects a deeply divided world and calls for urgent action to protect those on the frontlines of climate change.

  • The ITUC advocates for the expansion of social protection systems with adequate financing as a critical priority in global discussions, including with the UN and international financial institutions.

  • Major inequalities in social protection access exist, particularly between genders, employment types, and across income levels, necessitating targeted reforms.

Summary based on 11 sources


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