Government expenditure on education, total in Iceland

Iceland: Government expenditure on education, total was 7.3% in 2022. ▲ Rising

Latest (2022)
7.3%
Change on year
down 11.2%
World rank
14th
of 196 countries
All-time high
8.6%
in 2020
All-time low
4.3%
in 1990
Years of data
30
1990–2022

Government expenditure on education, total in Iceland, 1990–2022

024681990200620221990: 4.3 % of GDP1993: 5.1 % of GDP1994: 4.8 % of GDP1995: 4.8 % of GDP1996: 5.2 % of GDP1998: 6.8 % of GDP1999: 6.4 % of GDP2000: 6.4 % of GDP2001: 6.7 % of GDP2002: 7.3 % of GDP2003: 7.2 % of GDP2004: 7.2 % of GDP2005: 7.3 % of GDP2006: 7.2 % of GDP2007: 6.9 % of GDP2008: 7 % of GDP2009: 7.2 % of GDP2010: 6.9 % of GDP2011: 6.8 % of GDP2012: 7.6 % of GDP2013: 7.4 % of GDP2014: 7.6 % of GDP2015: 7.5 % of GDP2016: 7.4 % of GDP2017: 7.6 % of GDP2018: 7.6 % of GDP2019: 7.6 % of GDP2020: 8.6 % of GDP2021: 8.2 % of GDP2022: 7.3 % of GDP

Source: Data API, UN Educational, Scientific and Cultural Organization (UNESCO). Measured in % of GDP.

Analysis

Iceland recorded 7.3% for government expenditure on education, total in 2022.

Compared with earlier readings it is down 11.2% on the previous year and down 3.6% over ten years.

Over the whole period, government expenditure on education, total in Iceland peaked at 8.6% in 2020 and was at its lowest, 4.3%, in 1990.

That places Iceland 14th out of 196 countries with data for 2022, putting it in the top 10%.

The long-run direction has been consistently rising across the 30 years of available data.

Government expenditure on education, total in Iceland, year by year

Annual values for Government expenditure on education, total (% of GDP) in Iceland, 1990 to 2022.
Year % of GDP Change
1990 4.3%
1993 5.1% +20.7%
1994 4.8% -7.5%
1995 4.8% +0.5%
1996 5.2% +9.2%
1998 6.8% +30.0%
1999 6.4% -5.2%
2000 6.4% -0.0%
2001 6.7% +4.3%
2002 7.3% +8.8%
2003 7.2% -0.7%
2004 7.2% -1.2%
2005 7.3% +2.5%
2006 7.2% -2.0%
2007 6.9% -3.5%
2008 7.0% +1.3%
2009 7.2% +2.2%
2010 6.9% -3.4%
2011 6.8% -2.2%
2012 7.6% +11.7%
2013 7.4% -1.8%
2014 7.6% +2.6%
2015 7.5% -2.4%
2016 7.4% -0.3%
2017 7.6% +2.0%
2018 7.6% -0.3%
2019 7.6% +0.5%
2020 8.6% +12.9%
2021 8.2% -4.2%
2022 7.3% -11.2%

Averages by decade

DecadeAverage LowestHighest Years
1990s 5.3% 4.3% 6.8% 7
2000s 7.1% 6.4% 7.3% 10
2010s 7.4% 6.8% 7.6% 10
2020s 8.0% 7.3% 8.6% 3

Countries ranked near Iceland

  1. 11 Mauritania 7.6% compare
  2. 12 Bolivia, Plurinational State of 7.5% compare
  3. 13 Sweden 7.3% compare
  4. 15 Venezuela, Bolivarian Republic of 6.9% compare
  5. 16 Kyrgyzstan 6.8% compare
  6. 17 Tunisia 6.7% compare

See the full ranking of 242 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on education, total in Iceland?
Government expenditure on education, total in Iceland was 7.3% in 2022, according to Data API, UN Educational, Scientific and Cultural Organization (UNESCO).
What is the highest government expenditure on education, total recorded in Iceland?
The highest recorded value was 8.6% in 2020.
What is the lowest government expenditure on education, total recorded in Iceland?
The lowest recorded value was 4.3% in 1990.
How does Iceland rank for government expenditure on education, total?
Iceland ranks 14th out of 196 countries with data for 2022.
Is government expenditure on education, total rising or falling in Iceland?
Over the last ten years it is down 3.6%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Data API, UN Educational, Scientific and Cultural Organization (UNESCO), published as part of Government expenditure on education, total (% of GDP). Statizoid updates them automatically from the source API.

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Government expenditure on education, total in Iceland. Statizoid, drawing on Data API, UN Educational, Scientific and Cultural Organization (UNESCO). Retrieved 05 September 2026, from https://education.statizoid.com/stat/government-expenditure-on-education-total-percent-of-gdp/iceland/

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About this data

Indicator
Government expenditure on education, total (% of GDP)
Unit
% of GDP
Source
Data API, UN Educational, Scientific and Cultural Organization (UNESCO)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
242 places, 6,340 data points, 1970–2025
Last refreshed

General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.