Iceland vs Peru: Public expenditure on old-age and survivors cash benefits in % GDP
Public expenditure on old-age and survivors cash benefits in % GDP over time
- Iceland
- Peru
How they compare
Iceland currently reports 2.9 Percentage of GDP against 1.86 Percentage of GDP in Peru, a difference of 1.04 Percentage of GDP.
That makes Iceland's figure about 1.6 times Peru's.
The two have swapped places 1 time across 10 shared years of data; in 2012 it was Peru ahead.
Iceland ranks 32nd and Peru ranks 33rd of 33 countries.
Across the 2 decades both report, Iceland averaged higher in 1 and Peru in 1.
Head to head by decade
| Decade | Iceland | Peru | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 2.28 Percentage of GDP | 2.3 Percentage of GDP | 0.0134 Percentage of GDP | Peru |
| 2020s | 2.97 Percentage of GDP | 2.29 Percentage of GDP | 0.6745 Percentage of GDP | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher public expenditure on old-age and survivors cash benefits in % gdp, Iceland or Peru?
- Iceland, at 2.9 Percentage of GDP against 1.86 Percentage of GDP in Peru as of 2021.
- What is the difference in public expenditure on old-age and survivors cash benefits in % gdp between Iceland and Peru?
- 1.04 Percentage of GDP, with Iceland ahead.
- How many years of comparable data are there for Iceland and Peru?
- 10 years are reported by both, from 2012 to 2021.
- How do Iceland and Peru rank globally for public expenditure on old-age and survivors cash benefits in % gdp?
- Iceland ranks 32nd and Peru ranks 33rd of 33 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Public expenditure on old-age and survivors cash benefits in % GDP — Social expenditure. Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
The OECD Social Expenditure Database (SOCX) has been developed in order to serve a growing need for indicators of social policy. It includes reliable and internationally comparable statistics on public and mandatory and voluntary private social expenditure at programme level. SOCX provides a unique tool for monitoring trends in aggregate social expenditure and analysing changes in its composition. It covers 38 OECD countries and some accession countries for the period 1980-2021/23 and estimates for aggregates for 2022-24. A Social Expenditure Update can be found under www.oecd.org/en/data/datasets/social-expenditure-database-socx.htm. The main social policy areas are as follows: Old age, Survivors, Incapacity-related benefits, Health, Family, Active labor market programmes, Unemployment, Housing, and Other social policy areas. This version also includes estimates of net total social spending for 2021 for 38 OECD countries. SOCX aggregated data as well as sources and methodology are described in The OECD SOCX Manual – 2019 edition- A guide to the OECD Social Expenditure Database.