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
Gross and net expenditure on social benefits by function in Iceland, 2007–2023
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 44 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Gross and net expenditure on social benefits by function in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 277,136 | — |
| 2008 | 322,246 | +16.3% |
| 2009 | 376,179 | +16.7% |
| 2010 | 373,135 | -0.8% |
| 2011 | 402,994 | +8.0% |
| 2012 | 417,228 | +3.5% |
| 2013 | 438,924 | +5.2% |
| 2014 | 475,225 | +8.3% |
| 2015 | 506,059 | +6.5% |
| 2016 | 552,378 | +9.2% |
| 2017 | 613,459 | +11.1% |
| 2018 | 676,165 | +10.2% |
| 2019 | 752,999 | +11.4% |
| 2020 | 887,394 | +17.8% |
| 2021 | 951,627 | +7.2% |
| 2022 | 994,069 | +4.5% |
| 2023 | 1.10 million | +10.7% |
Iceland compared with similar countries
- Iceland's 1.10 million is above the median for Europe & Central Asia, which is 165,806, 6.6× the median. (33 countries reporting)
- Iceland's 1.10 million is above the median for high income countries, which is 165,806, 6.6× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
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 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 44 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.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Eurostat).