Expenditure on social benefits by function in Iceland
Iceland: Expenditure on social benefits by function was 8,268 Million euro in 2024. ◆ Volatile
Latest (2024)
8,268 Million euro
Change on year
up 12.0%
World rank
36th
of 45 countries
All-time high
8,268 Million euro
in 2024
All-time low
826.67 Million euro
in 1990
Years of data
35
1990–2024
Expenditure on social benefits by function in Iceland, 1990–2024
Source: Eurostat. Measured in Million euro.
Analysis
Iceland recorded 8,268 Million euro for expenditure on social benefits by function in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 12.0% on the previous year and up 169.4% over ten years.
Over the whole period, expenditure on social benefits by function in Iceland peaked at 8,268 Million euro in 2024 and was at its lowest, 826.67 Million euro, in 1990.
Iceland ranks 36th of 45 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
| Year | Million euro | Change |
|---|---|---|
| 1990 | 826.67 Million euro | — |
| 1991 | 948.13 Million euro | +14.7% |
| 1992 | 957.53 Million euro | +1.0% |
| 1993 | 957.46 Million euro | -0.0% |
| 1994 | 952.76 Million euro | -0.5% |
| 1995 | 992.77 Million euro | +4.2% |
| 1996 | 1,052 Million euro | +6.0% |
| 1997 | 1,187 Million euro | +12.8% |
| 1998 | 1,323 Million euro | +11.4% |
| 1999 | 1,517 Million euro | +14.7% |
| 2000 | 1,780 Million euro | +17.4% |
| 2001 | 1,687 Million euro | -5.2% |
| 2002 | 1,982 Million euro | +17.5% |
| 2003 | 2,197 Million euro | +10.9% |
| 2004 | 2,378 Million euro | +8.2% |
| 2005 | 2,797 Million euro | +17.6% |
| 2006 | 2,786 Million euro | -0.4% |
| 2007 | 3,163 Million euro | +13.5% |
| 2008 | 2,240 Million euro | -29.2% |
| 2009 | 2,179 Million euro | -2.8% |
| 2010 | 2,305 Million euro | +5.8% |
| 2011 | 2,497 Million euro | +8.3% |
| 2012 | 2,596 Million euro | +4.0% |
| 2013 | 2,703 Million euro | +4.1% |
| 2014 | 3,069 Million euro | +13.5% |
| 2015 | 3,459 Million euro | +12.7% |
| 2016 | 4,135 Million euro | +19.5% |
| 2017 | 5,089 Million euro | +23.1% |
| 2018 | 5,287 Million euro | +3.9% |
| 2019 | 5,485 Million euro | +3.7% |
| 2020 | 5,740 Million euro | +4.7% |
| 2021 | 6,338 Million euro | +10.4% |
| 2022 | 6,989 Million euro | +10.3% |
| 2023 | 7,379 Million euro | +5.6% |
| 2024 | 8,268 Million euro | +12.0% |
Iceland compared with similar countries
- Iceland's 8,268 Million euro is below the median for Europe & Central Asia, which is 62,182 Million euro, 13% of the median. (34 countries reporting)
- Iceland's 8,268 Million euro is below the median for high income countries, which is 67,117 Million euro, 12% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,071 Million euro | 826.67 Million euro | 1,517 Million euro | 10 |
| 2000s | 2,319 Million euro | 1,687 Million euro | 3,163 Million euro | 10 |
| 2010s | 3,662 Million euro | 2,305 Million euro | 5,485 Million euro | 10 |
| 2020s | 6,943 Million euro | 5,740 Million euro | 8,268 Million euro | 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 social benefits by function in Iceland?
- Expenditure on social benefits by function in Iceland was 8,268 Million euro in 2024, according to Eurostat.
- What is the highest expenditure on social benefits by function recorded in Iceland?
- The highest recorded value was 8,268 Million euro in 2024.
- What is the lowest expenditure on social benefits by function recorded in Iceland?
- The lowest recorded value was 826.67 Million euro in 1990.
- How does Iceland rank for expenditure on social benefits by function?
- Iceland ranks 36th out of 45 countries with data for 2024.
- Is expenditure on social benefits by function rising or falling in Iceland?
- Over the last ten years it is up 169.4%. 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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