Canada vs Iceland: Social contributions
Social contributions over time
- Canada
- Iceland
How they compare
Canada currently reports 145.40 billion current LCU against 131.61 billion current LCU in Iceland, a difference of 13.78 billion current LCU.
That makes Canada's figure about 1.1 times Iceland's.
The two have swapped places 2 times across 34 shared years of data; in 1990 it was Canada ahead.
Canada ranks 38th and Iceland ranks 40th of 112 countries.
Canada has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 32.26 billion current LCU | 11.50 billion current LCU | 20.76 billion current LCU | Canada |
| 2000s | 55.32 billion current LCU | 31.81 billion current LCU | 23.51 billion current LCU | Canada |
| 2010s | 79.47 billion current LCU | 78.90 billion current LCU | 566.87 million current LCU | Canada |
| 2020s | 113.00 billion current LCU | 108.24 billion current LCU | 4.76 billion current LCU | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher social contributions, Canada or Iceland?
- Canada, at 145.40 billion current LCU against 131.61 billion current LCU in Iceland as of 2024.
- What is the difference in social contributions between Canada and Iceland?
- 13.78 billion current LCU, with Canada ahead.
- How many years of comparable data are there for Canada and Iceland?
- 34 years are reported by both, from 1990 to 2023.
- How do Canada and Iceland rank globally for social contributions?
- Canada ranks 38th and Iceland ranks 40th of 112 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Social contributions (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
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.