Iceland vs Latvia: Public social spending as share of GDP

Iceland

19.2%

in 2024

Latvia

19.7%

in 2023

Iceland rank

26th

Latvia rank

23rd

Public social spending as share of GDP over time

Latvia currently reports 19.7% against 19.2% in Iceland, a difference of 0.5%.

The two have swapped places 5 times across 30 shared years of data; in 1994 it was Iceland ahead.

Iceland ranks 26th and Latvia ranks 23rd of 42 countries.

Indicator: Public social spending as share of GDP
Unit: % of GDP
Source: OECD (2025); OECD (1985); Lindert (2004) – with major processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 42 places, 1,937 data points, 1880–2024
Last refreshed: 07 August 2026

Public social expenditure divided bt gross domestic product, expressed as a percentage.