Current education expenditure, total in Iceland

Iceland: Current education expenditure, total was 94.3% in 2022. ▲ Rising

Latest (2022)
94.3%
Change on year
down 0.6%
World rank
49th
of 123 countries
All-time high
95.5%
in 2020
All-time low
90.0%
in 2006
Years of data
19
2004–2022

Current education expenditure, total in Iceland, 2004–2022

0204060801002004201320222004: 90.3 % of total expenditure in public institutions2005: 91.5 % of total expenditure in public institutions2006: 90 % of total expenditure in public institutions2007: 90.3 % of total expenditure in public institutions2008: 91.9 % of total expenditure in public institutions2009: 92.2 % of total expenditure in public institutions2010: 93.4 % of total expenditure in public institutions2011: 94.5 % of total expenditure in public institutions2012: 94.2 % of total expenditure in public institutions2013: 94.7 % of total expenditure in public institutions2014: 93.9 % of total expenditure in public institutions2015: 94.5 % of total expenditure in public institutions2016: 95.5 % of total expenditure in public institutions2017: 95.4 % of total expenditure in public institutions2018: 93.9 % of total expenditure in public institutions2019: 94.3 % of total expenditure in public institutions2020: 95.5 % of total expenditure in public institutions2021: 94.9 % of total expenditure in public institutions2022: 94.3 % of total expenditure in public institutions

Source: Data API, UN Educational, Scientific and Cultural Organization (UNESCO). Measured in % of total expenditure in public institutions.

Analysis

The most recent figure for current education expenditure, total in Iceland is 94.3%, measured in 2022.

Compared with earlier readings it is down 0.6% on the previous year and up 0.0% over ten years.

Over the whole period, current education expenditure, total in Iceland peaked at 95.5% in 2020 and was at its lowest, 90.0%, in 2006.

That places Iceland 49th out of 123 countries with data for 2022, putting it in the middle of the range.

The long-run direction has been consistently rising across the 19 years of available data.

Current education expenditure, total in Iceland, year by year

Annual values for Current education expenditure, total (% of total expenditure in public institutions) in Iceland, 2004 to 2022.
Year % of total expenditure in public institutions Change
2004 90.3%
2005 91.5% +1.3%
2006 90.0% -1.6%
2007 90.3% +0.3%
2008 91.9% +1.9%
2009 92.2% +0.3%
2010 93.4% +1.2%
2011 94.5% +1.3%
2012 94.2% -0.3%
2013 94.7% +0.5%
2014 93.9% -0.9%
2015 94.5% +0.7%
2016 95.5% +1.0%
2017 95.4% -0.0%
2018 93.9% -1.6%
2019 94.3% +0.4%
2020 95.5% +1.3%
2021 94.9% -0.7%
2022 94.3% -0.6%

Averages by decade

DecadeAverage LowestHighest Years
2000s 91.0% 90.0% 92.2% 6
2010s 94.4% 93.4% 95.5% 10
2020s 94.9% 94.3% 95.5% 3

Countries ranked near Iceland

  1. 46 Croatia 94.4% compare
  2. 47 Malaysia 94.4% compare
  3. 48 Thailand 94.3% compare
  4. 50 Bolivia, Plurinational State of 94.3% compare
  5. 51 Sweden 93.7% compare
  6. 52 Lithuania 93.6% compare

See the full ranking of 142 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is current education expenditure, total in Iceland?
Current education expenditure, total in Iceland was 94.3% in 2022, according to Data API, UN Educational, Scientific and Cultural Organization (UNESCO).
What is the highest current education expenditure, total recorded in Iceland?
The highest recorded value was 95.5% in 2020.
What is the lowest current education expenditure, total recorded in Iceland?
The lowest recorded value was 90.0% in 2006.
How does Iceland rank for current education expenditure, total?
Iceland ranks 49th out of 123 countries with data for 2022.
Is current education expenditure, total rising or falling in Iceland?
Over the last ten years it is up 0.0%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Data API, UN Educational, Scientific and Cultural Organization (UNESCO), published as part of Current education expenditure, total (% of total expenditure in public institutions). Statizoid updates them automatically from the source API.

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Current education expenditure, total in Iceland. Statizoid, drawing on Data API, UN Educational, Scientific and Cultural Organization (UNESCO). Retrieved 07 September 2026, from https://education.statizoid.com/stat/current-education-expenditure-total-percent-of-total-expenditure-in-public-institutions/iceland/

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About this data

Indicator
Current education expenditure, total (% of total expenditure in public institutions)
Unit
% of total expenditure in public institutions
Source
Data API, UN Educational, Scientific and Cultural Organization (UNESCO)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
142 places, 1,964 data points, 1998–2024
Last refreshed

Current expenditure is expressed as a percentage of direct expenditure in public educational institutions (instructional and non-instructional) of the specified level of education. Financial aid to students and other transfers are excluded from direct expenditure. Current expenditure is consumed within the current year and would have to be renewed if needed in the following year. It includes staff compensation and current expenditure other than for staff compensation (ex. on teaching materials, ancillary services and administration).