Iceland vs Latin America & Caribbean (excluding high income): Government expenditure on education, total

Iceland
7.3%
in 2022
Latin America & Caribbean (excluding high income)
3.8%
in 2023
Iceland rank
14th
Latin America & Caribbean (excluding high income) rank
16th

Government expenditure on education, total over time

  • Iceland
  • Latin America & Caribbean (excluding high income)
02468199020062023

How they compare

Iceland currently reports 7.3% against 3.8% in Latin America & Caribbean (excluding high income), a difference of 3.5%.

That makes Iceland's figure about 1.9 times Latin America & Caribbean (excluding high income)'s.

Across all 23 years both countries report, Iceland has been ahead every year.

Iceland ranks 14th and Latin America & Caribbean (excluding high income) ranks 16th of 196 countries.

Iceland has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Iceland Latin America & Caribbean (excluding high income) Difference Ahead
1990s 6.6% 3.6% 3.0% Iceland
2000s 7.0% 4.1% 2.9% Iceland
2010s 7.4% 4.7% 2.7% Iceland
2020s 8.0% 4.2% 3.9% Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher government expenditure on education, total, Iceland or Latin America & Caribbean (excluding high income)?
Iceland, at 7.3% against 3.8% in Latin America & Caribbean (excluding high income) as of 2022.
What is the difference in government expenditure on education, total between Iceland and Latin America & Caribbean (excluding high income)?
3.5%, with Iceland ahead.
How many years of comparable data are there for Iceland and Latin America & Caribbean (excluding high income)?
23 years are reported by both, from 1998 to 2022.
How do Iceland and Latin America & Caribbean (excluding high income) rank globally for government expenditure on education, total?
Iceland ranks 14th and Latin America & Caribbean (excluding high income) ranks 16th of 196 countries.
Where does this data come from?
Data API, UN Educational, Scientific and Cultural Organization (UNESCO), published as Government expenditure on education, total (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Latin America & Caribbean (excluding high income): Government expenditure on education, total. Statizoid, drawing on Data API, UN Educational, Scientific and Cultural Organization (UNESCO). Retrieved 18 September 2026, from https://education.statizoid.com/compare/government-expenditure-on-education-total-percent-of-gdp/iceland/latin-america-and-caribbean-excluding-high-income/

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About this data

Indicator
Government expenditure on education, total (% of GDP)
Unit
% of GDP
Source
Data API, UN Educational, Scientific and Cultural Organization (UNESCO)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
242 places, 5,437 data points, 1970–2025
Last refreshed

General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.