Iceland vs Latvia: Expenditure on social benefits by function
Iceland
8,268 Million euro
in 2024
Latvia
7,553 Million euro
in 2024
Iceland rank
29th
Latvia rank
30th
Expenditure on social benefits by function over time
- Iceland
- Latvia
How they compare
Iceland currently reports 8,268 Million euro against 7,553 Million euro in Latvia, a difference of 715 Million euro.
That makes Iceland's figure about 1.1 times Latvia's.
The two have swapped places 4 times across 28 shared years of data; in 1997 it was Iceland ahead.
Iceland ranks 29th and Latvia ranks 30th of 36 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 | 6,943 Million euro | 6,560 Million euro | 383.3 Million euro | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher expenditure on social benefits by function, Iceland or Latvia?
- Iceland, at 8,268 Million euro against 7,553 Million euro in Latvia as of 2024.
- What is the difference in expenditure on social benefits by function between Iceland and Latvia?
- 715 Million euro, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 28 years are reported by both, from 1997 to 2024.
- How do Iceland and Latvia rank globally for expenditure on social benefits by function?
- Iceland ranks 29th and Latvia ranks 30th of 36 countries.
- Where does this data come from?
- Eurostat, published as Expenditure on social benefits by function. Statizoid refreshes it automatically from the source and publishes the full history for both places.