Iceland vs Venezuela, Bolivarian Republic of: Initial government expenditure on education as a percentage of GDP

Iceland
7.3%
in 2022
Venezuela, Bolivarian Republic of
6.8%
in 2009
Iceland rank
11th
Venezuela, Bolivarian Republic of rank
13th

Initial government expenditure on education as a percentage of GDP over time

  • Iceland
  • Venezuela, Bolivarian Republic of
2468197019962022

How they compare

Iceland currently reports 7.3% against 6.8% in Venezuela, Bolivarian Republic of, a difference of 0.5%.

That makes Iceland's figure about 1.1 times Venezuela, Bolivarian Republic of's.

The two have swapped places 2 times across 6 shared years of data; in 1990 it was Iceland ahead.

Iceland ranks 11th and Venezuela, Bolivarian Republic of ranks 13th of 185 countries.

Iceland has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Iceland Venezuela, Bolivarian Republic of Difference Ahead
1990s 4.7% 3.8% 1.0% Iceland
2000s 7.1% 4.7% 2.4% Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher initial government expenditure on education as a percentage of gdp, Iceland or Venezuela, Bolivarian Republic of?
Iceland, at 7.3% against 6.8% in Venezuela, Bolivarian Republic of as of 2022.
What is the difference in initial government expenditure on education as a percentage of gdp between Iceland and Venezuela, Bolivarian Republic of?
0.5%, with Iceland ahead.
How many years of comparable data are there for Iceland and Venezuela, Bolivarian Republic of?
6 years are reported by both, from 1990 to 2009.
How do Iceland and Venezuela, Bolivarian Republic of rank globally for initial government expenditure on education as a percentage of gdp?
Iceland ranks 11th and Venezuela, Bolivarian Republic of ranks 13th of 185 countries.
Where does this data come from?
UNESCO Institute for Statistics, published as Initial government expenditure on education as a percentage of GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Venezuela, Bolivarian Republic of: Initial government expenditure on education as a percentage of GDP. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 15 September 2026, from https://education.statizoid.com/compare/initial-government-expenditure-on-education-as-a-percentage-of-gdp-percent/iceland/venezuela-rb/

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About this data

Indicator
Initial government expenditure on education as a percentage of GDP (%)
Unit
%
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
185 places, 4,380 data points, 1970–2025
Last refreshed

February 2026 Data Release