Expenditure on education (public, households, ODA) as a percentage of in Iceland

Iceland: Expenditure on education (public, households, ODA) as a percentage of was 8.9% in 2021. ▲ Rising

Latest (2021)
8.9%
Change on year
down 4.4%
World rank
2nd
of 70 countries
All-time high
9.3%
in 2020
All-time low
7.4%
in 2011
Years of data
12
2010–2021

Expenditure on education (public, households, ODA) as a percentage of in Iceland, 2010–2021

02468102010201520212010: 7.52011: 7.42012: 8.22013: 8.12014: 8.32015: 8.12016: 82017: 8.22018: 8.42019: 8.32020: 9.32021: 8.9

Source: UNESCO Institute for Statistics.

Analysis

Iceland recorded 8.9% for expenditure on education (public, households, oda) as a percentage of in 2021.

That represents a change of down 4.4% on the previous year and up 20.4% over ten years.

Over the whole period, expenditure on education (public, households, oda) as a percentage of in Iceland peaked at 9.3% in 2020 and was at its lowest, 7.4%, in 2011.

That places Iceland 2nd out of 70 countries with data for 2021, putting it in the top 10%.

The long-run direction has been consistently rising across the 12 years of available data.

Expenditure on education (public, households, ODA) as a percentage of in Iceland, year by year

Annual values for Expenditure on education (public, households, ODA) as a percentage of GDP in Iceland, 2010 to 2021.
Year Value Change
2010 7.5%
2011 7.4% -2.0%
2012 8.2% +11.1%
2013 8.1% -1.5%
2014 8.3% +2.4%
2015 8.1% -2.5%
2016 8.0% -0.5%
2017 8.2% +1.8%
2018 8.4% +2.4%
2019 8.3% -1.2%
2020 9.3% +12.6%
2021 8.9% -4.4%

Averages by decade

DecadeAverage LowestHighest Years
2010s 8.0% 7.4% 8.4% 10
2020s 9.1% 8.9% 9.3% 2

Countries ranked near Iceland

  1. 1 Costa Rica 9.0% compare
  2. 3 Macau, China 8.9% compare
  3. 4 Denmark 8.5% compare
  4. 5 Colombia 8.3% compare

See the full ranking of 70 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is expenditure on education (public, households, oda) as a percentage of in Iceland?
Expenditure on education (public, households, oda) as a percentage of in Iceland was 8.9% in 2021, according to UNESCO Institute for Statistics.
What is the highest expenditure on education (public, households, oda) as a percentage of recorded in Iceland?
The highest recorded value was 9.3% in 2020.
What is the lowest expenditure on education (public, households, oda) as a percentage of recorded in Iceland?
The lowest recorded value was 7.4% in 2011.
How does Iceland rank for expenditure on education (public, households, oda) as a percentage of?
Iceland ranks 2nd out of 70 countries with data for 2021.
Is expenditure on education (public, households, oda) as a percentage of rising or falling in Iceland?
Over the last ten years it is up 20.4%. 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 (public, households, ODA) as a percentage of GDP. Statizoid updates them automatically from the source API.

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Expenditure on education (public, households, ODA) as a percentage of in Iceland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 12 September 2026, from https://education.statizoid.com/stat/expenditure-on-education-public-households-oda-as-a-percentage-of-gdp/iceland/

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About this data

Indicator
Expenditure on education (public, households, ODA) as a percentage of GDP
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
70 places, 706 data points, 2000–2023
Last refreshed

February 2026 Data Release