Government expenditure on primary education as a percentage of GDP in Iceland

Iceland: Government expenditure on primary education as a percentage of GDP was 2.2% in 2022. ▲ Rising

Latest (2022)
2.2%
Change on year
down 6.9%
World rank
18th
of 162 countries
All-time high
2.6%
in 2002
All-time low
1.4%
in 1994
Years of data
28
1990–2022

Government expenditure on primary education as a percentage of GDP in Iceland, 1990–2022

01231990200620221990: 2.6 %1993: 1.5 %1994: 1.4 %1996: 1.6 %1999: 2.3 %2000: 2.4 %2001: 2.3 %2002: 2.6 %2003: 2.5 %2004: 2.5 %2005: 2.6 %2006: 2.5 %2007: 2.4 %2008: 2.4 %2009: 2.3 %2010: 2.2 %2011: 2.3 %2012: 2.1 %2013: 2.1 %2014: 2.2 %2015: 2.1 %2016: 2.1 %2017: 2.2 %2018: 2.3 %2019: 2.2 %2020: 2.5 %2021: 2.4 %2022: 2.2 %

Source: UNESCO Institute for Statistics. Measured in %.

Analysis

The most recent figure for government expenditure on primary education as a percentage of gdp in Iceland is 2.2%, measured in 2022.

The figure is down 6.9% on the previous year and up 2.7% over ten years.

Over the whole period, government expenditure on primary education as a percentage of gdp in Iceland peaked at 2.6% in 2002 and was at its lowest, 1.4%, in 1994.

That places Iceland 18th out of 162 countries with data for 2022, putting it in the top quarter.

The long-run direction has been consistently rising across the 28 years of available data.

Government expenditure on primary education as a percentage of GDP in Iceland, year by year

Annual values for Government expenditure on primary education as a percentage of GDP (%) in Iceland, 1990 to 2022.
Year % Change
1990 2.6%
1993 1.5% -41.4%
1994 1.4% -6.7%
1996 1.6% +13.4%
1999 2.3% +46.3%
2000 2.4% +1.7%
2001 2.3% -2.8%
2002 2.6% +14.2%
2003 2.5% -4.4%
2004 2.5% -1.5%
2005 2.6% +3.3%
2006 2.5% -3.0%
2007 2.4% -4.5%
2008 2.4% -1.3%
2009 2.3% -0.3%
2010 2.2% -4.1%
2011 2.3% +1.7%
2012 2.1% -6.0%
2013 2.1% -0.9%
2014 2.2% +4.1%
2015 2.1% -3.7%
2016 2.1% -2.7%
2017 2.2% +6.0%
2018 2.3% +3.2%
2019 2.2% -1.9%
2020 2.5% +11.4%
2021 2.4% -4.5%
2022 2.2% -6.9%

Iceland compared with similar countries

  • Iceland's 2.2% is above the median for high income countries, which is 1.1%, 2.0× the median. (63 countries reporting)
  • Iceland's 2.2% is above the median for Europe & Central Asia, which is 1.1%, 2.0× the median. (41 countries reporting)

Biggest year-on-year movements

Years where Government expenditure on primary education as a percentage of GDP in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1999 +46.3% 1.6% 2.3%
1993 -41.4% 2.6% 1.5%

Averages by decade

DecadeAverage LowestHighest Years
1990s 1.9% 1.4% 2.6% 5
2000s 2.4% 2.3% 2.6% 10
2010s 2.2% 2.1% 2.3% 10
2020s 2.4% 2.2% 2.5% 3

Countries ranked near Iceland

  1. 15 North Macedonia 2.3% compare
  2. 16 Vanuatu 2.2% compare
  3. 17 Eswatini 2.2% compare
  4. 19 Venezuela, Bolivarian Republic of 2.2% compare
  5. 20 Burkina Faso 2.1% compare
  6. 21 Mali 2.1% compare

See the full ranking of 162 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on primary education as a percentage of gdp in Iceland?
Government expenditure on primary education as a percentage of gdp in Iceland was 2.2% in 2022, according to UNESCO Institute for Statistics.
What is the highest government expenditure on primary education as a percentage of gdp recorded in Iceland?
The highest recorded value was 2.6% in 2002.
What is the lowest government expenditure on primary education as a percentage of gdp recorded in Iceland?
The lowest recorded value was 1.4% in 1994.
How does Iceland rank for government expenditure on primary education as a percentage of gdp?
Iceland ranks 18th out of 162 countries with data for 2022.
Is government expenditure on primary education as a percentage of gdp rising or falling in Iceland?
Over the last ten years it is up 2.7%. 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 primary education as a percentage of GDP (%). Statizoid updates them automatically from the source API.

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Government expenditure on primary education as a percentage of GDP in Iceland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 13 September 2026, from https://education.statizoid.com/stat/government-expenditure-on-primary-education-as-a-percentage-of-gdp-percent/iceland/

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About this data

Indicator
Government expenditure on primary education as a percentage of GDP (%)
Unit
%
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
162 places, 3,611 data points, 1970–2025
Last refreshed

February 2026 Data Release