Canada vs Iceland: Social contributions
Canada
145.40 billion current LCU
in 2024
Iceland
131.61 billion current LCU
in 2023
Canada rank
38th
Iceland rank
40th
Social contributions over time
- Canada
- Iceland
How they compare
Canada currently reports 145.40 billion current LCU against 131.61 billion current LCU in Iceland, a difference of 13.78 billion current LCU.
That makes Canada's figure about 1.1 times Iceland's.
The two have swapped places 2 times across 34 shared years of data; in 1990 it was Canada ahead.
Globally, Canada ranks 38th and Iceland ranks 40th of 112 countries.
Individual pages
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.