Iceland vs Latvia: Expenditure on social benefits by function, type of benefit and
Iceland
7,379 Million euro
in 2023
Latvia
7,553 Million euro
in 2024
Iceland rank
38th
Latvia rank
36th
Expenditure on social benefits by function, type of benefit and over time
- Iceland
- Latvia
How they compare
Latvia currently reports 7,553 Million euro against 7,379 Million euro in Iceland, a difference of 174 Million euro.
The two have swapped places 4 times across 27 shared years of data; in 1997 it was Iceland ahead.
Iceland ranks 38th and Latvia ranks 36th of 45 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1,342 Million euro | 974.26 Million euro | 367.92 Million euro | Iceland |
| 2000s | 2,319 Million euro | 1,865 Million euro | 454.32 Million euro | Iceland |
| 2010s | 3,662 Million euro | 3,624 Million euro | 38.66 Million euro | Iceland |
| 2020s | 6,612 Million euro | 6,311 Million euro | 300.28 Million euro | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher expenditure on social benefits by function, type of benefit and, Iceland or Latvia?
- Latvia, at 7,553 Million euro against 7,379 Million euro in Iceland as of 2024.
- What is the difference in expenditure on social benefits by function, type of benefit and between Iceland and Latvia?
- 174 Million euro, with Latvia ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 27 years are reported by both, from 1997 to 2023.
- How do Iceland and Latvia rank globally for expenditure on social benefits by function, type of benefit and?
- Iceland ranks 38th and Latvia ranks 36th of 45 countries.
- Where does this data come from?
- Eurostat, published as Expenditure on social benefits by function, type of benefit and means-testing. Statizoid refreshes it automatically from the source and publishes the full history for both places.