Capital and total current expenditure on education in Iceland
Iceland: Capital and total current expenditure on education was 36.05 US dollars, PPP converted in 2023. ▲ Rising
Capital and total current expenditure on education in Iceland, 2012–2023
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
Iceland recorded 36.05 US dollars, PPP converted for capital and total current expenditure on education in 2023. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 17.2% on the previous year and up 93.1% over ten years.
Over the whole period, capital and total current expenditure on education in Iceland peaked at 36.05 US dollars, PPP converted in 2023 and was at its lowest, 18.04 US dollars, PPP converted, in 2012.
Iceland ranks 21st of 23 countries on this measure, in the bottom quarter.
Capital and total current expenditure on education in Iceland, year by year
| Year | US dollars, PPP converted | Change |
|---|---|---|
| 2012 | 18.04 US dollars, PPP converted | — |
| 2013 | 18.67 US dollars, PPP converted | +3.5% |
| 2017 | 20.93 US dollars, PPP converted | +12.1% |
| 2019 | 27.58 US dollars, PPP converted | +31.8% |
| 2020 | 23.51 US dollars, PPP converted | -14.8% |
| 2021 | 27.29 US dollars, PPP converted | +16.1% |
| 2022 | 30.75 US dollars, PPP converted | +12.7% |
| 2023 | 36.05 US dollars, PPP converted | +17.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 21.31 US dollars, PPP converted | 18.04 US dollars, PPP converted | 27.58 US dollars, PPP converted | 4 |
| 2020s | 29.4 US dollars, PPP converted | 23.51 US dollars, PPP converted | 36.05 US dollars, PPP converted | 4 |
Countries ranked near Iceland
- 18 Hungary 129.37 US dollars, PPP converted compare
- 19 Romania 113.14 US dollars, PPP converted compare
- 20 Luxembourg 71.01 US dollars, PPP converted compare
- 22 South Africa 28.06 US dollars, PPP converted compare
- 23 Ireland 11.39 US dollars, PPP converted compare
More education data for Iceland
- Primary education, teachers, gaps filled 3,568 (2023)
- Duration of pre primary education, annual growth rate 0 % change on previous year (2025)
- Duration of pre primary education 3 (2025)
- Official entrance age to pre primary education 3 (2025)
- Population ages 15-64 66.5% (2025)
- Population ages 0-14 17.5% (2025)
- Lower secondary school starting age 13 years (2025)
- Primary school starting age 6 years (2025)
- Primary secondary enrollment completion rates, gaps filled 98.22 (2023)
- School enrollment, primary 98.2% (2023)
Frequently asked questions
- What is capital and total current expenditure on education in Iceland?
- Capital and total current expenditure on education in Iceland was 36.05 US dollars, PPP converted in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest capital and total current expenditure on education recorded in Iceland?
- The highest recorded value was 36.05 US dollars, PPP converted in 2023.
- What is the lowest capital and total current expenditure on education recorded in Iceland?
- The lowest recorded value was 18.04 US dollars, PPP converted in 2012.
- How does Iceland rank for capital and total current expenditure on education?
- Iceland ranks 21st out of 23 countries with data for 2023.
- Is capital and total current expenditure on education rising or falling in Iceland?
- Over the last ten years it is up 93.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Capital and total current expenditure on education (from all sources). Statizoid updates them automatically from the source API.
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About this data
This dataset contains data on capital and current expenditure on education. The default table displays data in 2020 constant USD PPP, for the combined primary to tertiary levels of education, and for both public and private educational institutions combined. This can be changed to display data by: level of education, type of educational institution, local currency/USD PPP, and current/constant prices. Please note that the filters are inter related, meaning that selection in one category may impact the possibility to select options in another category. Data for the latest available year are preliminary. Final data will be released on 29 September 2026. For more information, please consult the Education at a Glance web page.