Aggregate replacement ratio for pensions (excluding other social) in Iceland

Iceland: Aggregate replacement ratio for pensions (excluding other social) was 0.6 in 2020. β–² Rising

Latest (2020)
0.6
Change on year
unchanged
World rank
9th
of 35 countries
All-time high
0.62
in 2018
All-time low
0.5
in 2010
Years of data
11
2010–2020

Aggregate replacement ratio for pensions (excluding other social) in Iceland, 2010–2020

00.20.40.62010201520202010: 0.52011: 0.532012: 0.532013: 0.522014: 0.512015: 0.562016: 0.542017: 0.522018: 0.622019: 0.62020: 0.6

Source: Eurostat.

Analysis

In 2020, aggregate replacement ratio for pensions (excluding other social) in Iceland stood at 0.6.

That represents a change of up 20.0% over ten years.

Over the whole period, aggregate replacement ratio for pensions (excluding other social) in Iceland peaked at 0.62 in 2018 and was at its lowest, 0.5, in 2010.

Iceland ranks 9th of 35 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 11 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.543 0.5 0.62 10
2020s 0.6 0.6 0.6 1

Countries ranked near Iceland

  1. 6 Slovak Republic 0.62 compare
  2. 7 France 0.61 compare
  3. 7 United Kingdom 0.61 compare
  4. 9 Poland, Republic of 0.6 compare
  5. 11 Sweden 0.59 compare
  6. 12 Austria 0.56 compare
  7. 12 Netherlands, The 0.56 compare

See the full ranking of 38 places β†’

More reference data data for Iceland

All data for Iceland β†’

Frequently asked questions

What is aggregate replacement ratio for pensions (excluding other social) in Iceland?
Aggregate replacement ratio for pensions (excluding other social) in Iceland was 0.6 in 2020, according to Eurostat.
What is the highest aggregate replacement ratio for pensions (excluding other social) recorded in Iceland?
The highest recorded value was 0.62 in 2018.
What is the lowest aggregate replacement ratio for pensions (excluding other social) recorded in Iceland?
The lowest recorded value was 0.5 in 2010.
How does Iceland rank for aggregate replacement ratio for pensions (excluding other social)?
Iceland ranks 9th out of 35 countries with data for 2020.
Is aggregate replacement ratio for pensions (excluding other social) rising or falling in Iceland?
Over the last ten years it is up 20.0%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Eurostat, published as part of Aggregate replacement ratio for pensions (excluding other social benefits) by sex. Statizoid updates them automatically from the source API.

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Aggregate replacement ratio for pensions (excluding other social) in Iceland. Statizoid, drawing on Eurostat. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/aggregate-replacement-ratio-for-pensions-excluding-other-social-benefits-by-sex/iceland/

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About this data

Indicator
Aggregate replacement ratio for pensions (excluding other social benefits) by sex
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
38 places, 574 data points, 2010–2025
Last refreshed