Education expenditure (% of GDP) — all countries

Education expenditure (% of GDP) — Iceland

Education expenditure (% of GDP) in Iceland in 2022 — 7.31%. Ranked 11 in the world out of 164. Since 1990, the indicator has risen by 3.05 pp.

2022 7.31% −0.92 pp vs 2021
World rank 11of 164
Period maximum 8.58%2020
Period minimum 4.26%1990

Trend over time

1990–2022 · % of GDP

Education expenditure (% of GDP) — Iceland, 1990–2022468101990199419982002200620102014201820221990: 4.26%1993: 5.14%1994: 4.76%1995: 4.78%1996: 5.22%1998: 6.78%1999: 6.43%2000: 6.43%2001: 6.71%2002: 7.3%2003: 7.25%2004: 7.16%2005: 7.34%2006: 7.2%2007: 6.94%2008: 7.04%2009: 7.19%2010: 6.94%2011: 6.79%2012: 7.58%2013: 7.45%2014: 7.64%2015: 7.46%2016: 7.43%2017: 7.58%2018: 7.56%2019: 7.6%2020: 8.58%2021: 8.23%2022: 7.31%
Change over the period: +3.05 pp Annual average: 0.1 pp

Comparison, 2022

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 7.31%
World 3.86%
High-income countries computed 4.91%
Education expenditure (% of GDP) — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2022 7.31 −0.92 pp
2021 8.23 −0.36 pp
2020 8.58 +0.98 pp
2019 7.6 +0.04 pp
2018 7.56 −0.02 pp
2017 7.58 +0.15 pp
2016 7.43 −0.03 pp
2015 7.46 −0.18 pp
2014 7.64 +0.19 pp
2013 7.45 −0.13 pp
2012 7.58 +0.79 pp
2011 6.79 −0.15 pp
2010 6.94 −0.25 pp
2009 7.19 +0.15 pp
2008 7.04 +0.09 pp
2007 6.94 −0.25 pp
2006 7.2 −0.14 pp
2005 7.34 +0.18 pp
2004 7.16 −0.08 pp
2003 7.25 −0.05 pp
2002 7.3 +0.59 pp
2001 6.71 +0.27 pp
2000 6.43 −0 pp
1999 6.43 −0.35 pp
1998 6.78
1996 5.22 +0.44 pp
1995 4.78 +0.03 pp
1994 4.76 −0.39 pp
1993 5.14
1990 4.26

Northern Europe, 2022

The same indicator for neighboring countries — with links to their pages

About the indicator

Total government expenditure on education (current, capital and transfers) as a percentage of GDP, covering all levels from preprimary to tertiary. The international benchmark of the Incheon Declaration is 4–6% of GDP. The indicator leaves out private spending by households, which in some countries is comparable to public spending.

Source: UNESCO Institute for Statistics (UIS), license CC BY-SA 3.0 IGO.