Top 5 Democratic Socialist Countries in Europe

2. Iceland

Government Expenditure: 14

Social Progress Index: 4

Average Ranking: 9

In 2019, Iceland allocated 43% of its GDP to public expenditure, with 24% of its workforce employed in the general government, the fourth highest among OECD countries. Moreover, it directed 32.7% of its public spending towards employee compensation, the highest in the OECD. Despite this, Iceland ranks poorly in digital governance, occupying the penultimate position in the OECD Digital Government Index, particularly lagging in data accessibility. Conversely, it has the lowest poverty rate in the OECD at 4.9%.