Government expenditure on education not specified by level, constant in Iceland

Iceland: Government expenditure on education not specified by level, constant was 29.98 millions in 2022. ▲ Rising

Latest (2022)
29.98 millions
Change on year
down 73.0%
World rank
50th
of 147 countries
All-time high
116.64 millions
in 2020
All-time low
19.47 millions
in 1994
Years of data
27
1994–2022

Government expenditure on education not specified by level, constant in Iceland, 1994–2022

204060801001201994200820221994: 19.5 millions1995: 19.8 millions1996: 26.2 millions1999: 46.1 millions2000: 51 millions2001: 56.1 millions2002: 54.2 millions2003: 61.5 millions2004: 70.8 millions2005: 75.9 millions2006: 80 millions2007: 77.2 millions2008: 78.4 millions2009: 72.8 millions2010: 74.9 millions2011: 71.5 millions2012: 74.2 millions2013: 76.9 millions2014: 74 millions2015: 75.9 millions2016: 89.5 millions2017: 94.4 millions2018: 83.6 millions2019: 89.2 millions2020: 116.6 millions2021: 111 millions2022: 30 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

In 2022, government expenditure on education not specified by level, constant in Iceland stood at 29.98 millions.

Compared with earlier readings it is down 73.0% on the previous year and down 59.6% over ten years.

Over the whole period, government expenditure on education not specified by level, constant in Iceland peaked at 116.64 millions in 2020 and was at its lowest, 19.47 millions, in 1994.

Iceland ranks 50th of 147 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 27 years of available data.

Government expenditure on education not specified by level, constant in Iceland, year by year

Annual values for Government expenditure on education not specified by level, constant PPP$ (millions) in Iceland, 1994 to 2022.
Year millions Change
1994 19.47 millions
1995 19.8 millions +1.7%
1996 26.23 millions +32.5%
1999 46.14 millions +75.9%
2000 51.01 millions +10.6%
2001 56.07 millions +9.9%
2002 54.22 millions -3.3%
2003 61.46 millions +13.4%
2004 70.84 millions +15.3%
2005 75.87 millions +7.1%
2006 79.97 millions +5.4%
2007 77.2 millions -3.5%
2008 78.37 millions +1.5%
2009 72.83 millions -7.1%
2010 74.94 millions +2.9%
2011 71.46 millions -4.6%
2012 74.15 millions +3.8%
2013 76.88 millions +3.7%
2014 74.04 millions -3.7%
2015 75.85 millions +2.4%
2016 89.47 millions +17.9%
2017 94.39 millions +5.5%
2018 83.59 millions -11.4%
2019 89.15 millions +6.6%
2020 116.64 millions +30.8%
2021 110.98 millions -4.8%
2022 29.98 millions -73.0%

Averages by decade

DecadeAverage LowestHighest Years
1990s 27.91 millions 19.47 millions 46.14 millions 4
2000s 67.78 millions 51.01 millions 79.97 millions 10
2010s 80.39 millions 71.46 millions 94.39 millions 10
2020s 85.87 millions 29.98 millions 116.64 millions 3

Countries ranked near Iceland

  1. 47 Aruba 36.15 millions compare
  2. 48 Côte d'Ivoire 36.01 millions compare
  3. 49 Malawi 35.92 millions compare
  4. 51 Andorra 26.99 millions compare
  5. 52 Serbia 25.14 millions compare
  6. 53 Lesotho 23.47 millions compare

See the full ranking of 147 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on education not specified by level, constant in Iceland?
Government expenditure on education not specified by level, constant in Iceland was 29.98 millions in 2022, according to UNESCO Institute for Statistics.
What is the highest government expenditure on education not specified by level, constant recorded in Iceland?
The highest recorded value was 116.64 millions in 2020.
What is the lowest government expenditure on education not specified by level, constant recorded in Iceland?
The lowest recorded value was 19.47 millions in 1994.
How does Iceland rank for government expenditure on education not specified by level, constant?
Iceland ranks 50th out of 147 countries with data for 2022.
Is government expenditure on education not specified by level, constant rising or falling in Iceland?
Over the last ten years it is down 59.6%. 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 Government expenditure on education not specified by level, constant PPP$ (millions). Statizoid updates them automatically from the source API.

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Government expenditure on education not specified by level, constant in Iceland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 27 August 2026, from https://education.statizoid.com/stat/government-expenditure-on-education-not-specified-by-level-constant-ppp-millions-2/iceland/

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About this data

Indicator
Government expenditure on education not specified by level, constant PPP$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
147 places, 2,384 data points, 1971–2025
Last refreshed

February 2026 Data Release