Expenditure on social benefits by function in Iceland

Iceland: Expenditure on social benefits by function was 9,150 in 2025. ◆ Volatile

Latest (2025)
9,150
Change on year
up 10.7%
World rank
37th
of 46 countries
All-time high
9,150
in 2025
All-time low
826.67
in 1990
Years of data
36
1990–2025

Expenditure on social benefits by function in Iceland, 1990–2025

02.0k4.0k6.0k8.0k10.0k1990200720251990: 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: 7.4k2024: 8.3k2025: 9.1k

Source: Eurostat.

Analysis

Iceland recorded 9,150 for expenditure on social benefits by function in 2025. That is the highest value across all 36 years on record.

Compared with earlier readings it is up 10.7% on the previous year and up 164.5% over ten years.

Over the whole period, expenditure on social benefits by function in Iceland peaked at 9,150 in 2025 and was at its lowest, 826.67, in 1990.

Iceland ranks 37th of 46 countries on this measure, in the bottom quarter.

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

Expenditure on social benefits by function in Iceland, year by year

Annual values for Expenditure on social benefits by function in Iceland, 1990 to 2025.
Year Value Change
1990 826.67 —
1991 948.13 +14.7%
1992 957.53 +1.0%
1993 957.46 -0.0%
1994 952.76 -0.5%
1995 992.77 +4.2%
1996 1,052 +6.0%
1997 1,187 +12.8%
1998 1,323 +11.4%
1999 1,517 +14.7%
2000 1,780 +17.4%
2001 1,687 -5.2%
2002 1,982 +17.5%
2003 2,197 +10.9%
2004 2,378 +8.2%
2005 2,797 +17.6%
2006 2,786 -0.4%
2007 3,163 +13.5%
2008 2,240 -29.2%
2009 2,179 -2.8%
2010 2,305 +5.8%
2011 2,497 +8.3%
2012 2,596 +4.0%
2013 2,703 +4.1%
2014 3,069 +13.5%
2015 3,459 +12.7%
2016 4,135 +19.5%
2017 5,089 +23.1%
2018 5,287 +3.9%
2019 5,485 +3.7%
2020 5,740 +4.7%
2021 6,338 +10.4%
2022 6,989 +10.3%
2023 7,379 +5.6%
2024 8,268 +12.0%
2025 9,150 +10.7%

Iceland compared with similar countries

  • Iceland's 9,150 is below the median for Europe & Central Asia, which is 65,739, 14% of the median. (34 countries reporting)
  • Iceland's 9,150 is below the median for high income countries, which is 70,640, 13% of the median. (31 countries reporting)

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 7,311 5,740 9,150 6

Countries ranked near Iceland

  1. 34 Serbia 15,165 compare
  2. 34 Serbia 15,165 compare
  3. 36 Lithuania 13,335 compare
  4. 38 Latvia 8,109 compare
  5. 39 Latvia 7,553 compare
  6. 40 Estonia 7,436 compare

See the full ranking of 55 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is expenditure on social benefits by function in Iceland?
Expenditure on social benefits by function in Iceland was 9,150 in 2025, according to Eurostat.
What is the highest expenditure on social benefits by function recorded in Iceland?
The highest recorded value was 9,150 in 2025.
What is the lowest expenditure on social benefits by function recorded in Iceland?
The lowest recorded value was 826.67 in 1990.
How does Iceland rank for expenditure on social benefits by function?
Iceland ranks 37th out of 46 countries with data for 2025.
Is expenditure on social benefits by function rising or falling in Iceland?
Over the last ten years it is up 164.5%. 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. Statizoid updates them automatically from the source API.

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Expenditure on social benefits by function in Iceland. Statizoid, drawing on Eurostat. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/expenditure-on-social-benefits-by-function/iceland/

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About this data

Indicator
Expenditure on social benefits by function
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
55 places, 1,509 data points, 1990–2025
Last refreshed