Australia vs Iceland: Social benefits, Transactions
Social benefits, Transactions over time
- Australia
- Iceland
How they compare
Iceland currently reports 358.57 billion against 354.74 billion in Australia, a difference of 3.83 billion.
The two have swapped places 3 times across 22 shared years of data; in 2004 it was Australia ahead.
Australia ranks 16th and Iceland ranks 15th of 35 countries.
Across the 3 decades both report, Australia averaged higher in 2 and Iceland in 1.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 111.72 billion | 80.11 billion | 31.61 billion | Australia |
| 2010s | 178.04 billion | 153.84 billion | 24.20 billion | Australia |
| 2020s | 299.14 billion | 310.94 billion | 11.80 billion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher social benefits, transactions, Australia or Iceland?
- Iceland, at 358.57 billion against 354.74 billion in Australia as of 2025.
- What is the difference in social benefits, transactions between Australia and Iceland?
- 3.83 billion, with Iceland ahead.
- How many years of comparable data are there for Australia and Iceland?
- 22 years are reported by both, from 2004 to 2025.
- How do Australia and Iceland rank globally for social benefits, transactions?
- Australia ranks 16th and Iceland ranks 15th of 35 countries.
- Where does this data come from?
- International Monetary Fund, published as Social benefits, Transactions (Statement of operations, General government). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.