Cyprus vs Iceland: Expenditure on old age function by type of benefit and means-testing
Cyprus
2,483 Million euro
in 2024
Iceland
2,155 Million euro
in 2023
Cyprus rank
31st
Iceland rank
32nd
Expenditure on old age function by type of benefit and means-testing over time
- Cyprus
- Iceland
How they compare
Cyprus currently reports 2,483 Million euro against 2,155 Million euro in Iceland, a difference of 328 Million euro.
That makes Cyprus's figure about 1.2 times Iceland's.
Across all 24 years both countries report, Cyprus has been ahead every year.
Cyprus ranks 31st and Iceland ranks 32nd of 36 countries.
Cyprus has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Cyprus | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 951.14 Million euro | 608.28 Million euro | 342.86 Million euro | Cyprus |
| 2010s | 1,715 Million euro | 983.18 Million euro | 731.51 Million euro | Cyprus |
| 2020s | 2,306 Million euro | 1,870 Million euro | 435.28 Million euro | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher expenditure on old age function by type of benefit and means-testing, Cyprus or Iceland?
- Cyprus, at 2,483 Million euro against 2,155 Million euro in Iceland as of 2024.
- What is the difference in expenditure on old age function by type of benefit and means-testing between Cyprus and Iceland?
- 328 Million euro, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and Iceland?
- 24 years are reported by both, from 2000 to 2023.
- How do Cyprus and Iceland rank globally for expenditure on old age function by type of benefit and means-testing?
- Cyprus ranks 31st and Iceland ranks 32nd of 36 countries.
- Where does this data come from?
- Eurostat, published as Expenditure on old age function by type of benefit and means-testing. Statizoid refreshes it automatically from the source and publishes the full history for both places.