🇮🇸 Iceland Social contributions
Iceland Social contributions was $131.61B in 2023, up 13.9% from 2022, according to World Bank data. The 10-year average is $95.68B. Historical data available from 1972 to 2023 (52 data points). The all-time high was $131.61B in 2023.
Source: World Bank World Development Indicators • 1972–2023 • 52 data points • Public Sector
Latest Value
$131.61B
2023
Year-on-Year
+13.9%
vs 2022
10-Year Average
$95.68B
2014–2023
Range
High: $131.61B (2023)
Low: $9.20M (1972)
Iceland Social contributions (current LCU) — 1972 to 2023
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About this Indicator
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Historical Data Table
| Year | Value |
|---|---|
| 2023 | $131.61B |
| 2022 | $115.56B |
| 2021 | $97.41B |
| 2020 | $88.36B |
| 2019 | $97.42B |
| 2018 | $98.23B |
| 2017 | $89.65B |
| 2016 | $85.37B |
| 2015 | $79.71B |
| 2014 | $73.43B |
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<iframe src="https://nationstat.com/country/iceland/social-contributions-current-lcu" width="800" height="500" frameborder="0"></iframe>Compare with Other Countries
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