Government expenditure on education not specified by level, US$ in Iceland

Iceland: Government expenditure on education not specified by level, US$ was 30.14 millions in 2022. ▲ Rising

Latest (2022)
30.14 millions
Change on year
down 72.4%
World rank
46th
of 157 countries
All-time high
109.19 millions
in 2021
All-time low
10.54 millions
in 1994
Years of data
27
1994–2022

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

204060801001994200820221994: 10.5 millions1995: 11.9 millions1996: 15.8 millions1999: 28.4 millions2000: 30 millions2001: 29 millions2002: 31.5 millions2003: 42.9 millions2004: 55.5 millions2005: 68.2 millions2006: 70.1 millions2007: 77.4 millions2008: 64.1 millions2009: 47 millions2010: 52 millions2011: 53.9 millions2012: 53.6 millions2013: 58.1 millions2014: 61 millions2015: 58.7 millions2016: 77.3 millions2017: 93.1 millions2018: 83.4 millions2019: 82.1 millions2020: 101.2 millions2021: 109.2 millions2022: 30.1 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

The most recent figure for government expenditure on education not specified by level, us$ in Iceland is 30.14 millions, measured in 2022.

Compared with earlier readings it is down 72.4% on the previous year and down 43.8% over ten years.

Over the whole period, government expenditure on education not specified by level, us$ in Iceland peaked at 109.19 millions in 2021 and was at its lowest, 10.54 millions, in 1994.

That places Iceland 46th out of 157 countries with data for 2022, putting it 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, US$ in Iceland, year by year

Annual values for Government expenditure on education not specified by level, US$ (millions) in Iceland, 1994 to 2022.
Year millions Change
1994 10.54 millions
1995 11.93 millions +13.3%
1996 15.76 millions +32.1%
1999 28.38 millions +80.1%
2000 30.03 millions +5.8%
2001 28.96 millions -3.6%
2002 31.51 millions +8.8%
2003 42.89 millions +36.1%
2004 55.47 millions +29.3%
2005 68.23 millions +23.0%
2006 70.11 millions +2.8%
2007 77.36 millions +10.3%
2008 64.14 millions -17.1%
2009 46.98 millions -26.8%
2010 52.01 millions +10.7%
2011 53.91 millions +3.6%
2012 53.64 millions -0.5%
2013 58.14 millions +8.4%
2014 61.02 millions +5.0%
2015 58.68 millions -3.8%
2016 77.28 millions +31.7%
2017 93.06 millions +20.4%
2018 83.44 millions -10.3%
2019 82.11 millions -1.6%
2020 101.17 millions +23.2%
2021 109.19 millions +7.9%
2022 30.14 millions -72.4%

Averages by decade

DecadeAverage LowestHighest Years
1990s 16.65 millions 10.54 millions 28.38 millions 4
2000s 51.57 millions 28.96 millions 77.36 millions 10
2010s 67.33 millions 52.01 millions 93.06 millions 10
2020s 80.17 millions 30.14 millions 109.19 millions 3

Countries ranked near Iceland

  1. 43 Madagascar 37.28 millions compare
  2. 44 Bahrain 34.2 millions compare
  3. 45 Lebanon 33.94 millions compare
  4. 47 Mauritius 27.92 millions compare
  5. 48 Aruba 24.81 millions compare
  6. 49 Andorra 17.61 millions compare

See the full ranking of 157 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on education not specified by level, us$ in Iceland?
Government expenditure on education not specified by level, us$ in Iceland was 30.14 millions in 2022, according to UNESCO Institute for Statistics.
What is the highest government expenditure on education not specified by level, us$ recorded in Iceland?
The highest recorded value was 109.19 millions in 2021.
What is the lowest government expenditure on education not specified by level, us$ recorded in Iceland?
The lowest recorded value was 10.54 millions in 1994.
How does Iceland rank for government expenditure on education not specified by level, us$?
Iceland ranks 46th out of 157 countries with data for 2022.
Is government expenditure on education not specified by level, us$ rising or falling in Iceland?
Over the last ten years it is down 43.8%. 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, US$ (millions). Statizoid updates them automatically from the source API.

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Government expenditure on education not specified by level, US$ in Iceland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 26 August 2026, from https://education.statizoid.com/stat/government-expenditure-on-education-not-specified-by-level-us-millions-2/iceland/

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About this data

Indicator
Government expenditure on education not specified by level, US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
157 places, 2,702 data points, 1970–2025
Last refreshed

February 2026 Data Release