Gross and net expenditure on social benefits by function in Iceland

Iceland: Gross and net expenditure on social benefits by function was 1.10 million in 2023. ▲ Rising

Latest (2023)
1.10 million
Change on year
up 10.7%
World rank
8th
of 35 countries
All-time high
1.10 million
in 2023
All-time low
277,136
in 2007
Years of data
17
2007–2023

Gross and net expenditure on social benefits by function in Iceland, 2007–2023

200.0k400.0k600.0k800.0k1.0M1.2M2007201520232007: 277.1k2008: 322.2k2009: 376.2k2010: 373.1k2011: 403.0k2012: 417.2k2013: 438.9k2014: 475.2k2015: 506.1k2016: 552.4k2017: 613.5k2018: 676.2k2019: 753.0k2020: 887.4k2021: 951.6k2022: 994.1k2023: 1.1M

Source: Eurostat.

Analysis

Iceland recorded 1.10 million for gross and net expenditure on social benefits by function in 2023. That is the highest value across all 17 years on record.

Compared with earlier readings it is up 10.7% on the previous year and up 150.7% over ten years.

Over the whole period, gross and net expenditure on social benefits by function in Iceland peaked at 1.10 million in 2023 and was at its lowest, 277,136, in 2007.

Iceland ranks 8th of 35 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 325,187 277,136 376,179 3
2010s 520,857 373,135 752,999 10
2020s 983,398 887,394 1.10 million 4

Countries ranked near Iceland

  1. 5 Czechia 1.54 million compare
  2. 6 Norway 1.25 million compare
  3. 7 Germany 1.21 million compare
  4. 9 France 889,479 compare
  5. 10 Denmark 781,379 compare
  6. 11 Poland 757,201 compare

See the full ranking of 35 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is gross and net expenditure on social benefits by function in Iceland?
Gross and net expenditure on social benefits by function in Iceland was 1.10 million in 2023, according to Eurostat.
What is the highest gross and net expenditure on social benefits by function recorded in Iceland?
The highest recorded value was 1.10 million in 2023.
What is the lowest gross and net expenditure on social benefits by function recorded in Iceland?
The lowest recorded value was 277,136 in 2007.
How does Iceland rank for gross and net expenditure on social benefits by function?
Iceland ranks 8th out of 35 countries with data for 2023.
Is gross and net expenditure on social benefits by function rising or falling in Iceland?
Over the last ten years it is up 150.7%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Eurostat, published as part of Gross and net expenditure on social benefits by function. Statizoid updates them automatically from the source API.

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CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Eurostat).

About this data

Indicator
Gross and net expenditure on social benefits by function
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
35 places, 572 data points, 2007–2023
Last refreshed