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 2,340 in 2024. ◆ Volatile
Latest (2024)
2,340
Change on year
up 8.6%
World rank
42nd
of 46 countries
All-time high
2,340
in 2024
All-time low
220.8
in 1990
Years of data
35
1990–2024
Expenditure on old age function by type of benefit and means-testing in Iceland, 1990–2024
Source: Eurostat.
Analysis
Iceland recorded 2,340 for expenditure on old age function by type of benefit and means-testing in 2024. That is the highest value across all 35 years on record.
The figure is up 8.6% on the previous year and up 197.2% over ten years.
Over the whole period, expenditure on old age function by type of benefit and means-testing in Iceland peaked at 2,340 in 2024 and was at its lowest, 220.8, in 1990.
That places Iceland 42nd out of 46 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Expenditure on old age function by type of benefit and means-testing in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 220.8 | — |
| 1991 | 255.89 | +15.9% |
| 1992 | 261.16 | +2.1% |
| 1993 | 257.55 | -1.4% |
| 1994 | 261.37 | +1.5% |
| 1995 | 269.54 | +3.1% |
| 1996 | 289.8 | +7.5% |
| 1997 | 331.83 | +14.5% |
| 1998 | 380.08 | +14.5% |
| 1999 | 428.08 | +12.6% |
| 2000 | 508.27 | +18.7% |
| 2001 | 466.75 | -8.2% |
| 2002 | 556.45 | +19.2% |
| 2003 | 609.6 | +9.6% |
| 2004 | 666.33 | +9.3% |
| 2005 | 800.06 | +20.1% |
| 2006 | 797.46 | -0.3% |
| 2007 | 715.22 | -10.3% |
| 2008 | 500.31 | -30.0% |
| 2009 | 462.35 | -7.6% |
| 2010 | 486.62 | +5.2% |
| 2011 | 577.9 | +18.8% |
| 2012 | 627.65 | +8.6% |
| 2013 | 669.43 | +6.7% |
| 2014 | 787.43 | +17.6% |
| 2015 | 910.45 | +15.6% |
| 2016 | 1,131 | +24.2% |
| 2017 | 1,487 | +31.5% |
| 2018 | 1,549 | +4.2% |
| 2019 | 1,606 | +3.7% |
| 2020 | 1,620 | +0.9% |
| 2021 | 1,745 | +7.7% |
| 2022 | 1,962 | +12.5% |
| 2023 | 2,155 | +9.8% |
| 2024 | 2,340 | +8.6% |
Iceland compared with similar countries
- Iceland's 2,340 is below the median for Europe & Central Asia, which is 28,935, 8% of the median. (34 countries reporting)
- Iceland's 2,340 is below the median for high income countries, which is 30,823, 8% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 295.61 | 220.8 | 428.08 | 10 |
| 2000s | 608.28 | 462.35 | 800.06 | 10 |
| 2010s | 983.18 | 486.62 | 1,606 | 10 |
| 2020s | 1,964 | 1,620 | 2,340 | 5 |
Countries ranked near Iceland
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
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 2,340 in 2024, 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 2,340 in 2024.
- 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 in 1990.
- How does Iceland rank for expenditure on old age function by type of benefit and means-testing?
- Iceland ranks 42nd out of 46 countries with data for 2024.
- 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 197.2%. 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.
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