Colombia vs Iceland: Financing of social security benefits in OECD member countries — Tax
Colombia
1.7 Percentage of GDP
in 2024
Iceland
2.98 Percentage of GDP
in 2024
Colombia rank
31st
Iceland rank
29th
Financing of social security benefits in OECD member countries — Tax over time
- Colombia
- Iceland
How they compare
Iceland currently reports 2.98 Percentage of GDP against 1.7 Percentage of GDP in Colombia, a difference of 1.28 Percentage of GDP.
That makes Iceland's figure about 1.8 times Colombia's.
The two have swapped places 2 times across 35 shared years of data; in 1990 it was Iceland ahead.
Colombia ranks 31st and Iceland ranks 29th of 33 countries.
Across the 4 decades both report, Colombia averaged higher in 1 and Iceland in 3.
Head to head by decade
| Decade | Colombia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.81 Percentage of GDP | 2.32 Percentage of GDP | 0.4902 Percentage of GDP | Colombia |
| 2000s | 2.28 Percentage of GDP | 2.83 Percentage of GDP | 0.5535 Percentage of GDP | Iceland |
| 2010s | 1.83 Percentage of GDP | 3.47 Percentage of GDP | 1.64 Percentage of GDP | Iceland |
| 2020s | 1.72 Percentage of GDP | 2.96 Percentage of GDP | 1.24 Percentage of GDP | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financing of social security benefits in oecd member countries — tax, Colombia or Iceland?
- Iceland, at 2.98 Percentage of GDP against 1.7 Percentage of GDP in Colombia as of 2024.
- What is the difference in financing of social security benefits in oecd member countries — tax between Colombia and Iceland?
- 1.28 Percentage of GDP, with Iceland ahead.
- How many years of comparable data are there for Colombia and Iceland?
- 35 years are reported by both, from 1990 to 2024.
- How do Colombia and Iceland rank globally for financing of social security benefits in oecd member countries — tax?
- Colombia ranks 31st and Iceland ranks 29th of 33 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Financing of social security benefits in OECD member countries — Tax revenue. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Compulsory payments conferring entitlement to future social benefits These are usually earmarked to finance social benefits and paid to institutions of general government.