Financial aid to students by education level - as % of total public in Iceland

Iceland: Financial aid to students by education level - as % of total public was 2.3% in 2023. ▼ Falling

Latest (2023)
2.3%
Change on year
down 11.5%
World rank
27th
of 35 countries
All-time high
6.6%
in 2013
All-time low
2.3%
in 2023
Years of data
5
2012–2023

Financial aid to students by education level - as % of total public in Iceland, 2012–2023

2345672012201720232012: 6.5 Percentage2013: 6.6 Percentage2014: 6 Percentage2022: 2.6 Percentage2023: 2.3 Percentage

Source: Eurostat. Measured in Percentage.

Analysis

Iceland recorded 2.3% for financial aid to students by education level - as % of total public in 2023. That is the lowest value across all 5 years on record.

The figure is down 11.5% on the previous year and down 65.2% over ten years.

Over the whole period, financial aid to students by education level - as % of total public in Iceland peaked at 6.6% in 2013 and was at its lowest, 2.3%, in 2023.

Iceland ranks 27th of 35 countries on this measure, in the bottom quarter.

Financial aid to students by education level - as % of total public in Iceland, year by year

Annual values for Financial aid to students by education level - as % of total public expenditure in Iceland, 2012 to 2023.
Year Percentage Change
2012 6.5%
2013 6.6% +1.5%
2014 6.0% -9.1%
2022 2.6% -56.7%
2023 2.3% -11.5%

Averages by decade

DecadeAverage LowestHighest Years
2010s 6.4% 6.0% 6.6% 3
2020s 2.5% 2.3% 2.6% 2

Countries ranked near Iceland

  1. 24 Czechia 2.7% compare
  2. 25 Poland 2.5% compare
  3. 25 Poland 2.5% compare
  4. 27 Latvia 2.3% compare
  5. 27 Latvia 2.3% compare
  6. 30 Cyprus 2.2% compare
  7. 30 Lithuania 2.2% compare
  8. 30 Lithuania 2.2% compare

See the full ranking of 36 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is financial aid to students by education level - as % of total public in Iceland?
Financial aid to students by education level - as % of total public in Iceland was 2.3% in 2023, according to Eurostat.
What is the highest financial aid to students by education level - as % of total public recorded in Iceland?
The highest recorded value was 6.6% in 2013.
What is the lowest financial aid to students by education level - as % of total public recorded in Iceland?
The lowest recorded value was 2.3% in 2023.
How does Iceland rank for financial aid to students by education level - as % of total public?
Iceland ranks 27th out of 35 countries with data for 2023.
Is financial aid to students by education level - as % of total public rising or falling in Iceland?
Over the last ten years it is down 65.2%. The long-run trend across the full record is falling.
Where does this Iceland data come from?
The figures come from Eurostat, published as part of Financial aid to students by education level - as % of total public expenditure. Statizoid updates them automatically from the source API.

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Financial aid to students by education level - as % of total public in Iceland. Statizoid, drawing on Eurostat. Retrieved 11 September 2026, from https://education.statizoid.com/stat/financial-aid-to-students-by-education-level-as-percent-of-total-public-expenditure/iceland/

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About this data

Indicator
Financial aid to students by education level - as % of total public expenditure
Unit
Percentage
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
36 places, 399 data points, 2012–2023
Last refreshed