Expenditure on unemployment function by type of benefit in Iceland
Iceland: Expenditure on unemployment function by type of benefit was 223.33 Million euro in 2024. ◆ Volatile
Expenditure on unemployment function by type of benefit and in Iceland, 1990–2024
Source: Eurostat. Measured in Million euro.
Analysis
In 2024, expenditure on unemployment function by type of benefit and in Iceland stood at 223.33 Million euro.
That represents a change of up 17.5% on the previous year and up 134.7% over ten years.
Over the whole period, expenditure on unemployment function by type of benefit and in Iceland peaked at 532.04 Million euro in 2020 and was at its lowest, 13.9 Million euro, in 1991.
That places Iceland 40th out of 46 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.
Expenditure on unemployment function by type of benefit in Iceland, year by year
| Year | Million euro | Change |
|---|---|---|
| 1990 | 15.98 Million euro | — |
| 1991 | 13.9 Million euro | -13.0% |
| 1992 | 25.81 Million euro | +85.7% |
| 1993 | 36.78 Million euro | +42.5% |
| 1994 | 40.29 Million euro | +9.5% |
| 1995 | 43.16 Million euro | +7.1% |
| 1996 | 38.13 Million euro | -11.7% |
| 1997 | 37.95 Million euro | -0.5% |
| 1998 | 34.67 Million euro | -8.6% |
| 1999 | 27.98 Million euro | -19.3% |
| 2000 | 23.82 Million euro | -14.9% |
| 2001 | 25.01 Million euro | +5.0% |
| 2002 | 40.39 Million euro | +61.5% |
| 2003 | 54.61 Million euro | +35.2% |
| 2004 | 58.43 Million euro | +7.0% |
| 2005 | 51.31 Million euro | -12.2% |
| 2006 | 38.44 Million euro | -25.1% |
| 2007 | 35.39 Million euro | -7.9% |
| 2008 | 37.8 Million euro | +6.8% |
| 2009 | 148.8 Million euro | +293.7% |
| 2010 | 156.3 Million euro | +5.0% |
| 2011 | 157.24 Million euro | +0.6% |
| 2012 | 142.99 Million euro | -9.1% |
| 2013 | 110.07 Million euro | -23.0% |
| 2014 | 95.17 Million euro | -13.5% |
| 2015 | 83.95 Million euro | -11.8% |
| 2016 | 80.14 Million euro | -4.5% |
| 2017 | 106 Million euro | +32.3% |
| 2018 | 118.94 Million euro | +12.2% |
| 2019 | 184.2 Million euro | +54.9% |
| 2020 | 532.04 Million euro | +188.8% |
| 2021 | 531.83 Million euro | -0.0% |
| 2022 | 260.69 Million euro | -51.0% |
| 2023 | 190 Million euro | -27.1% |
| 2024 | 223.33 Million euro | +17.5% |
Iceland compared with similar countries
- Iceland's 223.33 Million euro is below the median for Europe & Central Asia, which is 1,432 Million euro, 16% of the median. (34 countries reporting)
- Iceland's 223.33 Million euro is below the median for high income countries, which is 1,833 Million euro, 12% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Expenditure on unemployment function by type of benefit in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +293.7% | 37.8 Million euro | 148.8 Million euro |
| 2020 | +188.8% | 184.2 Million euro | 532.04 Million euro |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.46 Million euro | 13.9 Million euro | 43.16 Million euro | 10 |
| 2000s | 51.4 Million euro | 23.82 Million euro | 148.8 Million euro | 10 |
| 2010s | 123.5 Million euro | 80.14 Million euro | 184.2 Million euro | 10 |
| 2020s | 347.58 Million euro | 190 Million euro | 532.04 Million euro | 5 |
Countries ranked near Iceland
More work & labour data for Iceland
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.4964 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.4501 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.5492 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.37 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.2312 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 373.77 1000 No (2050)
- Population - Est. & Proj. — Rural population 16.3 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 169.5 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 193.08 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 362.58 1000 No (2100)
Frequently asked questions
- What is expenditure on unemployment function by type of benefit and in Iceland?
- Expenditure on unemployment function by type of benefit and in Iceland was 223.33 Million euro in 2024, according to Eurostat.
- What is the highest expenditure on unemployment function by type of benefit and recorded in Iceland?
- The highest recorded value was 532.04 Million euro in 2020.
- What is the lowest expenditure on unemployment function by type of benefit and recorded in Iceland?
- The lowest recorded value was 13.9 Million euro in 1991.
- How does Iceland rank for expenditure on unemployment function by type of benefit and?
- Iceland ranks 40th out of 46 countries with data for 2024.
- Is expenditure on unemployment function by type of benefit and rising or falling in Iceland?
- Over the last ten years it is up 134.7%. 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 Expenditure on unemployment function by type of benefit and means-testing. Statizoid updates them automatically from the source API.
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