Expenditure on education as a percentage of total government in Iceland

Iceland: Expenditure on education as a percentage of total government was 15.7% in 2022. ▲ Rising

Latest (2022)
15.7%
Change on year
down 5.6%
World rank
54th
of 197 countries
All-time high
17.4%
in 2019
All-time low
11.0%
in 1995
Years of data
30
1990–2022

Expenditure on education as a percentage of total government in Iceland, 1990–2022

0510151990200620221990: 11.5 UIS calculation1993: 11.8 UIS calculation1994: 11.2 UIS calculation1995: 11 UIS calculation1996: 12.6 UIS calculation1998: 16.6 UIS calculation1999: 14.2 UIS calculation2000: 14.3 UIS calculation2001: 14.1 UIS calculation2002: 16.1 UIS calculation2003: 15.2 UIS calculation2004: 15.3 UIS calculation2005: 16.3 UIS calculation2006: 16 UIS calculation2007: 15.5 UIS calculation2008: 11.1 UIS calculation2009: 13.4 UIS calculation2010: 14.2 UIS calculation2011: 13.4 UIS calculation2012: 15.9 UIS calculation2013: 16.2 UIS calculation2014: 16.7 UIS calculation2015: 17.2 UIS calculation2016: 16 UIS calculation2017: 17.1 UIS calculation2018: 17.2 UIS calculation2019: 17.4 UIS calculation2020: 16.8 UIS calculation2021: 16.6 UIS calculation2022: 15.7 UIS calculation

Source: UNESCO Institute for Statistics. Measured in UIS calculation.

Analysis

The most recent figure for expenditure on education as a percentage of total government in Iceland is 15.7%, measured in 2022.

That represents a change of down 5.6% on the previous year and down 1.4% over ten years.

Over the whole period, expenditure on education as a percentage of total government in Iceland peaked at 17.4% in 2019 and was at its lowest, 11.0%, in 1995.

Iceland ranks 54th of 197 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 30 years of available data.

Expenditure on education as a percentage of total government in Iceland, year by year

Annual values for Expenditure on education as a percentage of total government expenditure (%) (UIS calculation) in Iceland, 1990 to 2022.
Year UIS calculation Change
1990 11.5%
1993 11.8% +2.9%
1994 11.2% -5.4%
1995 11.0% -2.1%
1996 12.6% +15.0%
1998 16.6% +31.7%
1999 14.2% -14.6%
2000 14.3% +1.2%
2001 14.1% -1.4%
2002 16.1% +13.5%
2003 15.2% -5.6%
2004 15.3% +1.2%
2005 16.3% +6.3%
2006 16.0% -1.6%
2007 15.5% -3.3%
2008 11.1% -28.5%
2009 13.4% +20.9%
2010 14.2% +6.0%
2011 13.4% -5.6%
2012 15.9% +18.2%
2013 16.2% +2.0%
2014 16.7% +2.9%
2015 17.2% +2.9%
2016 16.0% -6.7%
2017 17.1% +6.7%
2018 17.2% +1.0%
2019 17.4% +1.1%
2020 16.8% -3.7%
2021 16.6% -1.2%
2022 15.7% -5.6%

Iceland compared with similar countries

  • Iceland's 15.7% is above the median for high income countries, which is 11.8%, 1.3× the median. (70 countries reporting)
  • Iceland's 15.7% is above the median for Europe & Central Asia, which is 11.9%, 1.3× the median. (50 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 12.7% 11.0% 16.6% 7
2000s 14.7% 11.1% 16.3% 10
2010s 16.1% 13.4% 17.4% 10
2020s 16.3% 15.7% 16.8% 3

Countries ranked near Iceland

  1. 51 El Salvador 15.9% compare
  2. 52 Hong Kong, China 15.7% compare
  3. 53 Afghanistan 15.7% compare
  4. 55 Saudi Arabia 15.6% compare
  5. 56 Uruguay 15.6% compare
  6. 57 Algeria 15.5% compare

See the full ranking of 240 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is expenditure on education as a percentage of total government in Iceland?
Expenditure on education as a percentage of total government in Iceland was 15.7% in 2022, according to UNESCO Institute for Statistics.
What is the highest expenditure on education as a percentage of total government recorded in Iceland?
The highest recorded value was 17.4% in 2019.
What is the lowest expenditure on education as a percentage of total government recorded in Iceland?
The lowest recorded value was 11.0% in 1995.
How does Iceland rank for expenditure on education as a percentage of total government?
Iceland ranks 54th out of 197 countries with data for 2022.
Is expenditure on education as a percentage of total government rising or falling in Iceland?
Over the last ten years it is down 1.4%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from UNESCO Institute for Statistics, published as part of Expenditure on education as a percentage of total government expenditure (%) (UIS calculation). Statizoid updates them automatically from the source API.

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Expenditure on education as a percentage of total government in Iceland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 13 September 2026, from https://education.statizoid.com/stat/expenditure-on-education-as-a-percentage-of-total-government-expenditure-percent-uis/iceland/

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About this data

Indicator
Expenditure on education as a percentage of total government expenditure (%) (UIS calculation)
Unit
UIS calculation
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
240 places, 5,509 data points, 1980–2025
Last refreshed

February 2026 Data Release