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

Iceland: Government expenditure on education not specified by level, constant was 31.27 millions in 2022. ▲ Rising

Latest (2022)
31.27 millions
Change on year
down 73.0%
World rank
45th
of 154 countries
All-time high
121.65 millions
in 2020
All-time low
20.31 millions
in 1994
Years of data
27
1994–2022

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

2550751001251994200820221994: 20.3 millions1995: 20.7 millions1996: 27.4 millions1999: 48.1 millions2000: 53.2 millions2001: 58.5 millions2002: 56.5 millions2003: 64.1 millions2004: 73.9 millions2005: 79.1 millions2006: 83.4 millions2007: 80.5 millions2008: 81.7 millions2009: 76 millions2010: 78.2 millions2011: 74.5 millions2012: 77.3 millions2013: 80.2 millions2014: 77.2 millions2015: 79.1 millions2016: 93.3 millions2017: 98.4 millions2018: 87.2 millions2019: 93 millions2020: 121.6 millions2021: 115.8 millions2022: 31.3 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

Iceland recorded 31.27 millions for government expenditure on education not specified by level, constant in 2022.

That represents a change of 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 121.65 millions in 2020 and was at its lowest, 20.31 millions, in 1994.

Iceland ranks 45th of 154 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 US$ (millions) in Iceland, 1994 to 2022.
Year millions Change
1994 20.31 millions
1995 20.65 millions +1.7%
1996 27.36 millions +32.5%
1999 48.13 millions +75.9%
2000 53.2 millions +10.6%
2001 58.48 millions +9.9%
2002 56.55 millions -3.3%
2003 64.1 millions +13.4%
2004 73.89 millions +15.3%
2005 79.13 millions +7.1%
2006 83.41 millions +5.4%
2007 80.51 millions -3.5%
2008 81.74 millions +1.5%
2009 75.96 millions -7.1%
2010 78.16 millions +2.9%
2011 74.53 millions -4.6%
2012 77.34 millions +3.8%
2013 80.18 millions +3.7%
2014 77.22 millions -3.7%
2015 79.11 millions +2.4%
2016 93.31 millions +17.9%
2017 98.44 millions +5.5%
2018 87.19 millions -11.4%
2019 92.98 millions +6.6%
2020 121.65 millions +30.8%
2021 115.75 millions -4.8%
2022 31.27 millions -73.0%

Averages by decade

DecadeAverage LowestHighest Years
1990s 29.11 millions 20.31 millions 48.13 millions 4
2000s 70.7 millions 53.2 millions 83.41 millions 10
2010s 83.85 millions 74.53 millions 98.44 millions 10
2020s 89.56 millions 31.27 millions 121.65 millions 3

Countries ranked near Iceland

  1. 42 Rwanda 46.61 millions compare
  2. 43 Madagascar 38.15 millions compare
  3. 44 Bahrain 37.65 millions compare
  4. 46 Aruba 27.32 millions compare
  5. 47 Mauritius 26.84 millions compare
  6. 48 Lebanon 20.92 millions compare

See the full ranking of 154 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 31.27 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 121.65 millions in 2020.
What is the lowest government expenditure on education not specified by level, constant recorded in Iceland?
The lowest recorded value was 20.31 millions in 1994.
How does Iceland rank for government expenditure on education not specified by level, constant?
Iceland ranks 45th out of 154 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 US$ (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-us-millions-2/iceland/

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About this data

Indicator
Government expenditure on education not specified by level, constant US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
154 places, 2,657 data points, 1970–2025
Last refreshed

February 2026 Data Release