Expenditure on tertiary education in Iceland

Iceland: Expenditure on tertiary education was 19.9% in 2016. ▲ Rising

Latest (2016)
19.9%
Change on year
up 5.4%
World rank
82nd
of 160 countries
All-time high
22.4%
in 1993
All-time low
13.7%
in 1990
Years of data
23
1990–2016

Expenditure on tertiary education in Iceland, 1990–2016

051015201990200320161990: 13.7 % of government expenditure on education1993: 22.4 % of government expenditure on education1994: 20 % of government expenditure on education1995: 19.2 % of government expenditure on education1996: 16.4 % of government expenditure on education1999: 18 % of government expenditure on education2000: 18.1 % of government expenditure on education2001: 17.9 % of government expenditure on education2002: 18.1 % of government expenditure on education2003: 18.6 % of government expenditure on education2004: 18.5 % of government expenditure on education2005: 19.1 % of government expenditure on education2006: 18 % of government expenditure on education2007: 18.9 % of government expenditure on education2008: 19.7 % of government expenditure on education2009: 20.4 % of government expenditure on education2010: 21.5 % of government expenditure on education2011: 19.4 % of government expenditure on education2012: 19.4 % of government expenditure on education2013: 19.4 % of government expenditure on education2014: 18.8 % of government expenditure on education2015: 18.9 % of government expenditure on education2016: 19.9 % of government expenditure on education

Source: Stat Bulk Data Download Service, UN Educational, Scientific and Cultural Organization (UNESCO). Measured in % of government expenditure on education.

Analysis

In 2016, expenditure on tertiary education in Iceland stood at 19.9%.

Compared with earlier readings it is up 5.4% on the previous year and up 10.8% over ten years.

Over the whole period, expenditure on tertiary education in Iceland peaked at 22.4% in 1993 and was at its lowest, 13.7%, in 1990.

That places Iceland 82nd out of 160 countries with data for 2016, putting it in the middle of the range.

The long-run direction has been consistently rising across the 23 years of available data.

Expenditure on tertiary education in Iceland, year by year

Annual values for Expenditure on tertiary education (% of government expenditure on education) in Iceland, 1990 to 2016.
Year % of government expenditure on education Change
1990 13.7%
1993 22.4% +63.3%
1994 20.0% -10.8%
1995 19.2% -3.7%
1996 16.4% -14.5%
1999 18.0% +9.7%
2000 18.1% +0.4%
2001 17.9% -1.3%
2002 18.1% +1.2%
2003 18.6% +2.9%
2004 18.5% -0.2%
2005 19.1% +3.2%
2006 18.0% -6.0%
2007 18.9% +5.0%
2008 19.7% +4.4%
2009 20.4% +3.5%
2010 21.5% +5.2%
2011 19.4% -9.5%
2012 19.4% -0.2%
2013 19.4% -0.1%
2014 18.8% -2.9%
2015 18.9% +0.4%
2016 19.9% +5.4%

Averages by decade

DecadeAverage LowestHighest Years
1990s 18.3% 13.7% 22.4% 6
2000s 18.7% 17.9% 20.4% 10
2010s 19.6% 18.8% 21.5% 7

Countries ranked near Iceland

  1. 79 Lithuania 20.5% compare
  2. 80 Republic of Korea 20.4% compare
  3. 81 Morocco 20.2% compare
  4. 83 Rwanda 19.8% compare
  5. 84 Slovenia 19.7% compare
  6. 85 Jamaica 19.6% compare

See the full ranking of 197 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is expenditure on tertiary education in Iceland?
Expenditure on tertiary education in Iceland was 19.9% in 2016, according to Stat Bulk Data Download Service, UN Educational, Scientific and Cultural Organization (UNESCO).
What is the highest expenditure on tertiary education recorded in Iceland?
The highest recorded value was 22.4% in 1993.
What is the lowest expenditure on tertiary education recorded in Iceland?
The lowest recorded value was 13.7% in 1990.
How does Iceland rank for expenditure on tertiary education?
Iceland ranks 82nd out of 160 countries with data for 2016.
Is expenditure on tertiary education rising or falling in Iceland?
Over the last ten years it is up 10.8%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Stat Bulk Data Download Service, UN Educational, Scientific and Cultural Organization (UNESCO), published as part of Expenditure on tertiary education (% of government expenditure on education). Statizoid updates them automatically from the source API.

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Expenditure on tertiary education in Iceland. Statizoid, drawing on Stat Bulk Data Download Service, UN Educational, Scientific and Cultural Organization (UNESCO). Retrieved 08 September 2026, from https://education.statizoid.com/stat/expenditure-on-tertiary-education-percent-of-government-expenditure-on-education/iceland/

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About this data

Indicator
Expenditure on tertiary education (% of government expenditure on education)
Unit
% of government expenditure on education
Source
Stat Bulk Data Download Service, UN Educational, Scientific and Cultural Organization (UNESCO)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
197 places, 3,723 data points, 1970–2019
Last refreshed

Expenditure on tertiary education is expressed as a percentage of total general government expenditure on education. General government usually refers to local, regional and central governments.