Iceland vs Panama: Government expenditure on education, constant US$
Iceland
2,176 millions
in 2022
Panama
2,060 millions
in 2023
Iceland rank
83rd
Panama rank
85th
Government expenditure on education, constant US$ over time
- Iceland
- Panama
How they compare
Iceland currently reports 2,176 millions against 2,060 millions in Panama, a difference of 116 millions.
That makes Iceland's figure about 1.1 times Panama's.
The two have swapped places 2 times across 19 shared years of data; in 1994 it was Panama ahead.
Iceland ranks 83rd and Panama ranks 85th of 174 countries.
Across the 4 decades both report, Iceland averaged higher in 1 and Panama in 3.
Head to head by decade
| Decade | Iceland | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 706.91 millions | 805.33 millions | 98.42 millions | Panama |
| 2000s | 1,257 millions | 1,076 millions | 180.55 millions | Iceland |
| 2010s | 1,807 millions | 2,034 millions | 226.95 millions | Panama |
| 2020s | 2,219 millions | 2,603 millions | 384.39 millions | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher government expenditure on education, constant us$, Iceland or Panama?
- Iceland, at 2,176 millions against 2,060 millions in Panama as of 2022.
- What is the difference in government expenditure on education, constant us$ between Iceland and Panama?
- 116 millions, with Iceland ahead.
- How many years of comparable data are there for Iceland and Panama?
- 19 years are reported by both, from 1994 to 2022.
- How do Iceland and Panama rank globally for government expenditure on education, constant us$?
- Iceland ranks 83rd and Panama ranks 85th of 174 countries.
- Where does this data come from?
- UNESCO Institute for Statistics, published as Government expenditure on education, constant US$ (millions). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
February 2026 Data Release