Iceland vs Panama: Government expenditure on education, US$
Iceland
2,097 millions
in 2022
Panama
2,060 millions
in 2023
Iceland rank
84th
Panama rank
85th
Government expenditure on education, US$ over time
- Iceland
- Panama
How they compare
Iceland currently reports 2,097 millions against 2,060 millions in Panama, a difference of 37 millions.
The two have swapped places 4 times across 19 shared years of data; in 1994 it was Panama ahead.
Iceland ranks 84th and Panama ranks 85th of 181 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 | 402.46 millions | 415.28 millions | 12.82 millions | Panama |
| 2000s | 817.12 millions | 605.47 millions | 211.65 millions | Iceland |
| 2010s | 1,519 millions | 1,831 millions | 312.01 millions | Panama |
| 2020s | 2,025 millions | 2,512 millions | 486.91 millions | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher government expenditure on education, us$, Iceland or Panama?
- Iceland, at 2,097 millions against 2,060 millions in Panama as of 2022.
- What is the difference in government expenditure on education, us$ between Iceland and Panama?
- 37 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, us$?
- Iceland ranks 84th and Panama ranks 85th of 181 countries.
- Where does this data come from?
- UNESCO Institute for Statistics, published as Government expenditure on education, US$ (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