Expenditure on old age function by type of benefit and means-testing in Iceland

Iceland: Expenditure on old age function by type of benefit and means-testing was 2,155 Million euro in 2023. ◆ Volatile

Latest (2023)
2,155 Million euro
Change on year
up 9.8%
World rank
32nd
of 36 countries
All-time high
2,155 Million euro
in 2023
All-time low
220.8 Million euro
in 1990
Years of data
34
1990–2023

Expenditure on old age function by type of benefit and means-testing in Iceland, 1990–2023

05001.0k1.5k2.0k1990200620231990: 220.8 Million euro1991: 255.9 Million euro1992: 261.2 Million euro1993: 257.6 Million euro1994: 261.4 Million euro1995: 269.5 Million euro1996: 289.8 Million euro1997: 331.8 Million euro1998: 380.1 Million euro1999: 428.1 Million euro2000: 508.3 Million euro2001: 466.8 Million euro2002: 556.5 Million euro2003: 609.6 Million euro2004: 666.3 Million euro2005: 800.1 Million euro2006: 797.5 Million euro2007: 715.2 Million euro2008: 500.3 Million euro2009: 462.4 Million euro2010: 486.6 Million euro2011: 577.9 Million euro2012: 627.6 Million euro2013: 669.4 Million euro2014: 787.4 Million euro2015: 910.5 Million euro2016: 1.1k Million euro2017: 1.5k Million euro2018: 1.5k Million euro2019: 1.6k Million euro2020: 1.6k Million euro2021: 1.7k Million euro2022: 2.0k Million euro2023: 2.2k Million euro

Source: Eurostat. Measured in Million euro.

Analysis

Iceland recorded 2,155 Million euro for expenditure on old age function by type of benefit and means-testing in 2023. That is the highest value across all 34 years on record.

The figure is up 9.8% on the previous year and up 221.9% over ten years.

Over the whole period, expenditure on old age function by type of benefit and means-testing in Iceland peaked at 2,155 Million euro in 2023 and was at its lowest, 220.8 Million euro, in 1990.

That places Iceland 32nd out of 36 countries with data for 2023, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 295.61 Million euro 220.8 Million euro 428.08 Million euro 10
2000s 608.28 Million euro 462.35 Million euro 800.06 Million euro 10
2010s 983.18 Million euro 486.62 Million euro 1,606 Million euro 10
2020s 1,870 Million euro 1,620 Million euro 2,155 Million euro 4

Countries ranked near Iceland

  1. 29 Latvia 3,387 Million euro compare
  2. 30 Estonia 3,060 Million euro compare
  3. 31 Cyprus 2,483 Million euro compare
  4. 33 Bosnia and Herzegovina 1,762 Million euro compare
  5. 34 Malta 1,333 Million euro compare
  6. 35 Albania 1,309 Million euro compare

See the full ranking of 45 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is expenditure on old age function by type of benefit and means-testing in Iceland?
Expenditure on old age function by type of benefit and means-testing in Iceland was 2,155 Million euro in 2023, according to Eurostat.
What is the highest expenditure on old age function by type of benefit and means-testing recorded in Iceland?
The highest recorded value was 2,155 Million euro in 2023.
What is the lowest expenditure on old age function by type of benefit and means-testing recorded in Iceland?
The lowest recorded value was 220.8 Million euro in 1990.
How does Iceland rank for expenditure on old age function by type of benefit and means-testing?
Iceland ranks 32nd out of 36 countries with data for 2023.
Is expenditure on old age function by type of benefit and means-testing rising or falling in Iceland?
Over the last ten years it is up 221.9%. The long-run trend across the full record is volatile.
Where does this Iceland data come from?
The figures come from Eurostat, published as part of Expenditure on old age function by type of benefit and means-testing. Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator
Expenditure on old age function by type of benefit and means-testing
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
45 places, 1,186 data points, 1990–2024
Last refreshed