Expenditure on pensions by type of pension and means-testing in Iceland

Iceland: Expenditure on pensions by type of pension and means-testing was 3,063 in 2023. β—† Volatile

Latest (2023)
3,063
Change on year
up 9.5%
World rank
30th
of 35 countries
All-time high
3,063
in 2023
All-time low
225.87
in 1990
Years of data
34
1990–2023

Expenditure on pensions by type of pension and means-testing in Iceland, 1990–2023

01.0k2.0k3.0k1990200620231990: 225.91991: 266.91992: 279.51993: 288.31994: 290.21995: 305.71996: 324.71997: 372.51998: 420.31999: 481.42000: 586.72001: 540.72002: 626.62003: 708.12004: 757.92005: 915.32006: 903.12007: 1.0k2008: 740.72009: 716.32010: 748.32011: 872.72012: 938.52013: 1.0k2014: 1.2k2015: 1.3k2016: 1.7k2017: 2.1k2018: 2.2k2019: 2.3k2020: 2.3k2021: 2.5k2022: 2.8k2023: 3.1k

Source: Eurostat.

Analysis

In 2023, expenditure on pensions by type of pension and means-testing in Iceland stood at 3,063. That is the highest value across all 34 years on record.

Compared with earlier readings it is up 9.5% on the previous year and up 205.8% over ten years.

Over the whole period, expenditure on pensions by type of pension and means-testing in Iceland peaked at 3,063 in 2023 and was at its lowest, 225.87, in 1990.

Iceland ranks 30th of 35 countries on this measure, 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 325.54 225.87 481.4 10
2000s 753.38 540.7 1,038 10
2010s 1,435 748.32 2,292 10
2020s 2,665 2,317 3,063 4

Countries ranked near Iceland

  1. 27 Lithuania 5,096 compare
  2. 28 Latvia 3,669 compare
  3. 29 Estonia 3,455 compare
  4. 31 Cyprus 2,628 compare
  5. 32 Bosnia and Herzegovina 2,451 compare
  6. 33 Albania 1,315 compare

See the full ranking of 45 places β†’

More reference data data for Iceland

All data for Iceland β†’

Frequently asked questions

What is expenditure on pensions by type of pension and means-testing in Iceland?
Expenditure on pensions by type of pension and means-testing in Iceland was 3,063 in 2023, according to Eurostat.
What is the highest expenditure on pensions by type of pension and means-testing recorded in Iceland?
The highest recorded value was 3,063 in 2023.
What is the lowest expenditure on pensions by type of pension and means-testing recorded in Iceland?
The lowest recorded value was 225.87 in 1990.
How does Iceland rank for expenditure on pensions by type of pension and means-testing?
Iceland ranks 30th out of 35 countries with data for 2023.
Is expenditure on pensions by type of pension and means-testing rising or falling in Iceland?
Over the last ten years it is up 205.8%. 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 pensions by type of pension and means-testing. Statizoid updates them automatically from the source API.

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Expenditure on pensions by type of pension and means-testing in Iceland. Statizoid, drawing on Eurostat. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/expenditure-on-pensions-by-type-of-pension-and-means-testing/iceland/

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About this data

Indicator
Expenditure on pensions by type of pension and means-testing
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
45 places, 1,186 data points, 1990–2024
Last refreshed