Social protection receipts by type in Iceland

Iceland: Social protection receipts by type was 11,919 Million euro in 2024. ◆ Volatile

Latest (2024)
11,919 Million euro
Change on year
up 24.7%
World rank
36th
of 45 countries
All-time high
11,919 Million euro
in 2024
All-time low
942.08 Million euro
in 1990
Years of data
35
1990–2024

Social protection receipts by type in Iceland, 1990–2024

02.5k5.0k7.5k10.0k12.5k1990200720241990: 942.1 Million euro1991: 1.1k Million euro1992: 1.1k Million euro1993: 1.1k Million euro1994: 1.1k Million euro1995: 1.1k Million euro1996: 1.2k Million euro1997: 1.4k Million euro1998: 1.6k Million euro1999: 2.0k Million euro2000: 2.2k Million euro2001: 2.4k Million euro2002: 2.5k Million euro2003: 3.5k Million euro2004: 3.9k Million euro2005: 5.4k Million euro2006: 5.6k Million euro2007: 4.8k Million euro2008: 3.0k Million euro2009: 2.5k Million euro2010: 2.8k Million euro2011: 2.9k Million euro2012: 3.0k Million euro2013: 3.5k Million euro2014: 3.8k Million euro2015: 4.7k Million euro2016: 5.5k Million euro2017: 6.5k Million euro2018: 6.6k Million euro2019: 9.7k Million euro2020: 9.6k Million euro2021: 11.8k Million euro2022: 7.6k Million euro2023: 9.6k Million euro2024: 11.9k Million euro

Source: Eurostat. Measured in Million euro.

Analysis

Iceland recorded 11,919 Million euro for social protection receipts by type in 2024. That is the highest value across all 35 years on record.

Compared with earlier readings it is up 24.7% on the previous year and up 217.2% over ten years.

Over the whole period, social protection receipts by type in Iceland peaked at 11,919 Million euro in 2024 and was at its lowest, 942.08 Million euro, in 1990.

That places Iceland 36th out of 45 countries with data for 2024, putting it in the bottom quarter.

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

Social protection receipts by type in Iceland, year by year

Annual values for Social protection receipts by type in Iceland, 1990 to 2024.
Year Million euro Change
1990 942.08 Million euro —
1991 1,084 Million euro +15.1%
1992 1,096 Million euro +1.1%
1993 1,082 Million euro -1.3%
1994 1,058 Million euro -2.3%
1995 1,102 Million euro +4.2%
1996 1,179 Million euro +7.0%
1997 1,373 Million euro +16.4%
1998 1,627 Million euro +18.5%
1999 1,978 Million euro +21.6%
2000 2,247 Million euro +13.6%
2001 2,392 Million euro +6.4%
2002 2,472 Million euro +3.3%
2003 3,544 Million euro +43.4%
2004 3,915 Million euro +10.5%
2005 5,365 Million euro +37.0%
2006 5,588 Million euro +4.2%
2007 4,762 Million euro -14.8%
2008 2,995 Million euro -37.1%
2009 2,502 Million euro -16.5%
2010 2,767 Million euro +10.6%
2011 2,901 Million euro +4.8%
2012 2,960 Million euro +2.0%
2013 3,466 Million euro +17.1%
2014 3,758 Million euro +8.4%
2015 4,679 Million euro +24.5%
2016 5,519 Million euro +18.0%
2017 6,546 Million euro +18.6%
2018 6,553 Million euro +0.1%
2019 9,657 Million euro +47.4%
2020 9,560 Million euro -1.0%
2021 11,824 Million euro +23.7%
2022 7,619 Million euro -35.6%
2023 9,557 Million euro +25.4%
2024 11,919 Million euro +24.7%

Iceland compared with similar countries

  • Iceland's 11,919 Million euro is below the median for Europe & Central Asia, which is 62,280 Million euro, 19% of the median. (34 countries reporting)
  • Iceland's 11,919 Million euro is below the median for high income countries, which is 75,591 Million euro, 16% of the median. (31 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 1,252 Million euro 942.08 Million euro 1,978 Million euro 10
2000s 3,578 Million euro 2,247 Million euro 5,588 Million euro 10
2010s 4,881 Million euro 2,767 Million euro 9,657 Million euro 10
2020s 10,096 Million euro 7,619 Million euro 11,919 Million euro 5

Countries ranked near Iceland

  1. 33 Lithuania 14,745 Million euro compare
  2. 34 Slovenia 14,665 Million euro compare
  3. 35 Lithuania 13,072 Million euro compare
  4. 37 Cyprus 7,827 Million euro compare
  5. 38 Latvia 7,684 Million euro compare
  6. 38 Latvia 7,684 Million euro compare

See the full ranking of 54 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is social protection receipts by type in Iceland?
Social protection receipts by type in Iceland was 11,919 Million euro in 2024, according to Eurostat.
What is the highest social protection receipts by type recorded in Iceland?
The highest recorded value was 11,919 Million euro in 2024.
What is the lowest social protection receipts by type recorded in Iceland?
The lowest recorded value was 942.08 Million euro in 1990.
How does Iceland rank for social protection receipts by type?
Iceland ranks 36th out of 45 countries with data for 2024.
Is social protection receipts by type rising or falling in Iceland?
Over the last ten years it is up 217.2%. 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 Social protection receipts by type. Statizoid updates them automatically from the source API.

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Social protection receipts by type in Iceland. Statizoid, drawing on Eurostat. Retrieved 25 September 2026, from https://reference.statizoid.com/stat/social-protection-receipts-by-type/iceland/

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About this data

Indicator
Social protection receipts by type
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
54 places, 1,443 data points, 1990–2024
Last refreshed