Funding of education in Iceland

Iceland: Funding of education was 39.5 in 2011. ▬ Flat

Latest (2011)
39.5
Change on year
down 4.4%
World rank
23rd
of 31 countries
All-time high
42.2
in 1998
All-time low
37.5
in 2003
Years of data
14
1998–2011

Funding of education in Iceland, 1998–2011

0102030401998200420111998: 42.21999: 41.52000: 39.52001: 40.92002: 40.72003: 37.52004: 40.72005: 402006: 39.22007: 392008: 39.52009: 40.62010: 41.32011: 39.5

Source: Eurostat.

Analysis

In 2011, funding of education in Iceland stood at 39.5.

Compared with earlier readings it is down 4.4% on the previous year and down 3.4% over ten years.

Over the whole period, funding of education in Iceland peaked at 42.2 in 1998 and was at its lowest, 37.5, in 2003.

Iceland ranks 23rd of 31 countries on this measure, in the middle of the range.

Funding of education in Iceland, year by year

Annual values for Funding of education (1995-2011) in Iceland, 1998 to 2011.
Year Value Change
1998 42.2
1999 41.5 -1.7%
2000 39.5 -4.8%
2001 40.9 +3.5%
2002 40.7 -0.5%
2003 37.5 -7.9%
2004 40.7 +8.5%
2005 40 -1.7%
2006 39.2 -2.0%
2007 39 -0.5%
2008 39.5 +1.3%
2009 40.6 +2.8%
2010 41.3 +1.7%
2011 39.5 -4.4%

Averages by decade

DecadeAverage LowestHighest Years
1990s 41.85 41.5 42.2 2
2000s 39.76 37.5 40.9 10
2010s 40.4 39.5 41.3 2

Countries ranked near Iceland

  1. 20 Denmark 49 compare
  2. 21 Norway 41.1 compare
  3. 22 Romania 40.4 compare
  4. 24 Czechia 35.8 compare
  5. 25 United Kingdom of Great Britain and Northern Ireland 34.3 compare
  6. 26 Latvia 33.7 compare

See the full ranking of 31 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is funding of education in Iceland?
Funding of education in Iceland was 39.5 in 2011, according to Eurostat.
What is the highest funding of education recorded in Iceland?
The highest recorded value was 42.2 in 1998.
What is the lowest funding of education recorded in Iceland?
The lowest recorded value was 37.5 in 2003.
How does Iceland rank for funding of education?
Iceland ranks 23rd out of 31 countries with data for 2011.
Is funding of education rising or falling in Iceland?
Over the last ten years it is down 3.4%. The long-run trend across the full record is flat.
Where does this Iceland data come from?
The figures come from Eurostat, published as part of Funding of education (1995-2011). Statizoid updates them automatically from the source API.

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Funding of education in Iceland. Statizoid, drawing on Eurostat. Retrieved 26 August 2026, from https://education.statizoid.com/stat/funding-of-education-1995-2011/iceland/

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About this data

Indicator
Funding of education (1995-2011)
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
31 places, 382 data points, 1995–2011
Last refreshed