Social contributions, Transactions (Statement of operations, General) in Iceland
Iceland: Social contributions, Transactions (Statement of operations, General) was 153.86 billion in 2025. ▲ Rising
Social contributions, Transactions in Iceland, 2002–2025
Source: International Monetary Fund.
Analysis
In 2025, social contributions, transactions in Iceland stood at 153.86 billion. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 13.4% on the previous year and up 93.0% over ten years.
Over the whole period, social contributions, transactions in Iceland peaked at 153.86 billion in 2025 and was at its lowest, 23.40 billion, in 2002.
Iceland ranks 17th of 35 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Social contributions, Transactions (Statement of operations, General) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 23.40 billion | — |
| 2003 | 26.05 billion | +11.4% |
| 2004 | 28.36 billion | +8.9% |
| 2005 | 32.78 billion | +15.6% |
| 2006 | 38.41 billion | +17.2% |
| 2007 | 39.59 billion | +3.1% |
| 2008 | 41.64 billion | +5.2% |
| 2009 | 45.91 billion | +10.3% |
| 2010 | 63.60 billion | +38.5% |
| 2011 | 66.82 billion | +5.1% |
| 2012 | 64.88 billion | -2.9% |
| 2013 | 69.90 billion | +7.7% |
| 2014 | 73.43 billion | +5.1% |
| 2015 | 79.71 billion | +8.5% |
| 2016 | 85.37 billion | +7.1% |
| 2017 | 89.65 billion | +5.0% |
| 2018 | 98.23 billion | +9.6% |
| 2019 | 97.42 billion | -0.8% |
| 2020 | 88.36 billion | -9.3% |
| 2021 | 97.41 billion | +10.2% |
| 2022 | 115.56 billion | +18.6% |
| 2023 | 130.87 billion | +13.2% |
| 2024 | 135.74 billion | +3.7% |
| 2025 | 153.86 billion | +13.4% |
Iceland compared with similar countries
- Iceland's 153.86 billion is above the median for high income countries, which is 90.24 billion, 1.7× the median. (32 countries reporting)
- Iceland's 153.86 billion is above the median for Europe & Central Asia, which is 97.51 billion, 1.6× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.52 billion | 23.40 billion | 45.91 billion | 8 |
| 2010s | 78.90 billion | 63.60 billion | 98.23 billion | 10 |
| 2020s | 120.30 billion | 88.36 billion | 153.86 billion | 6 |
Countries ranked near Iceland
More public sector data for Iceland
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
Frequently asked questions
- What is social contributions, transactions in Iceland?
- Social contributions, transactions in Iceland was 153.86 billion in 2025, according to International Monetary Fund.
- What is the highest social contributions, transactions recorded in Iceland?
- The highest recorded value was 153.86 billion in 2025.
- What is the lowest social contributions, transactions recorded in Iceland?
- The lowest recorded value was 23.40 billion in 2002.
- How does Iceland rank for social contributions, transactions?
- Iceland ranks 17th out of 35 countries with data for 2025.
- Is social contributions, transactions rising or falling in Iceland?
- Over the last ten years it is up 93.0%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Social contributions, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
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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.