{"entity":{"iso2":"IS","iso3":"ISL","name":"Iceland","slug":"iceland"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"social-expenditure-as-percentage-of-gdp","source":"OECD (2025) \u2013 with minor processing by Our World in Data","source_url":"https://ourworldindata.org/grapher/social-expenditure-as-percentage-of-gdp","title":"Social spending as share of GDP","unit":"% of GDP"},"observations":[{"date":"1990-01-01","value":0.407},{"date":"1991-01-01","value":0.441},{"date":"1992-01-01","value":0.402},{"date":"1993-01-01","value":0.508},{"date":"1994-01-01","value":0.505},{"date":"1995-01-01","value":0.518},{"date":"1996-01-01","value":0.487},{"date":"1997-01-01","value":0.451},{"date":"1998-01-01","value":0.396},{"date":"1999-01-01","value":0.425},{"date":"2000-01-01","value":0.389},{"date":"2001-01-01","value":0.406},{"date":"2002-01-01","value":0.51},{"date":"2003-01-01","value":0.503},{"date":"2004-01-01","value":0.553},{"date":"2005-01-01","value":0.466},{"date":"2006-01-01","value":0.373},{"date":"2007-01-01","value":0.549},{"date":"2008-01-01","value":0.524},{"date":"2009-01-01","value":0.663},{"date":"2010-01-01","value":0.685},{"date":"2011-01-01","value":0.588},{"date":"2012-01-01","value":0.542},{"date":"2013-01-01","value":0.657},{"date":"2014-01-01","value":0.654},{"date":"2015-01-01","value":0.68},{"date":"2016-01-01","value":0.678},{"date":"2017-01-01","value":0.702},{"date":"2018-01-01","value":0.635},{"date":"2019-01-01","value":0.727},{"date":"2020-01-01","value":0.932},{"date":"2021-01-01","value":0.96}],"summary":{"latest_period":"2021-01-01","latest_value":0.96,"max":0.96,"mean":0.559875,"min":0.373,"of":42,"rank":9,"trend":"rising"}}