Expenditure on social benefits by function, type of benefit and in Iceland

Iceland: Expenditure on social benefits by function, type of benefit and was 7,379 in 2023. β—† Volatile

Latest (2023)
7,379
Change on year
up 5.6%
World rank
29th
of 35 countries
All-time high
7,379
in 2023
All-time low
826.67
in 1990
Years of data
34
1990–2023

Expenditure on social benefits by function, type of benefit and in Iceland, 1990–2023

02.0k4.0k6.0k8.0k1990200620231990: 826.71991: 948.11992: 957.51993: 957.51994: 952.81995: 992.81996: 1.1k1997: 1.2k1998: 1.3k1999: 1.5k2000: 1.8k2001: 1.7k2002: 2.0k2003: 2.2k2004: 2.4k2005: 2.8k2006: 2.8k2007: 3.2k2008: 2.2k2009: 2.2k2010: 2.3k2011: 2.5k2012: 2.6k2013: 2.7k2014: 3.1k2015: 3.5k2016: 4.1k2017: 5.1k2018: 5.3k2019: 5.5k2020: 5.7k2021: 6.3k2022: 7.0k2023: 7.4k

Source: Eurostat.

Analysis

In 2023, expenditure on social benefits by function, type of benefit and in Iceland stood at 7,379. That is the highest value across all 34 years on record.

Compared with earlier readings it is up 5.6% on the previous year and up 173.0% over ten years.

Over the whole period, expenditure on social benefits by function, type of benefit and in Iceland peaked at 7,379 in 2023 and was at its lowest, 826.67, in 1990.

Iceland ranks 29th 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 1,071 826.67 1,517 10
2000s 2,319 1,687 3,163 10
2010s 3,662 2,305 5,485 10
2020s 6,612 5,740 7,379 4

Countries ranked near Iceland

  1. 26 Slovenia 14,619 compare
  2. 27 Lithuania 12,350 compare
  3. 28 Latvia 7,553 compare
  4. 30 Estonia 7,098 compare
  5. 31 Cyprus 6,275 compare
  6. 32 Bosnia and Herzegovina 5,087 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 social benefits by function, type of benefit and in Iceland?
Expenditure on social benefits by function, type of benefit and in Iceland was 7,379 in 2023, according to Eurostat.
What is the highest expenditure on social benefits by function, type of benefit and recorded in Iceland?
The highest recorded value was 7,379 in 2023.
What is the lowest expenditure on social benefits by function, type of benefit and recorded in Iceland?
The lowest recorded value was 826.67 in 1990.
How does Iceland rank for expenditure on social benefits by function, type of benefit and?
Iceland ranks 29th out of 35 countries with data for 2023.
Is expenditure on social benefits by function, type of benefit and rising or falling in Iceland?
Over the last ten years it is up 173.0%. 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 social benefits by function, type of benefit and means-testing. Statizoid updates them automatically from the source API.

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Expenditure on social benefits by function, type of benefit and in Iceland. Statizoid, drawing on Eurostat. Retrieved 17 August 2026, from https://reference.statizoid.com/stat/expenditure-on-social-benefits-by-function-type-of-benefit-and-means-testing/iceland/

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About this data

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