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

Iceland: Government expenditure on tertiary education as a percentage of GDP was 1.3% in 2022. ▲ Rising

Latest (2022)
1.3%
Change on year
down 6.6%
World rank
24th
of 173 countries
All-time high
1.5%
in 2010
All-time low
0.6%
in 1990
Years of data
29
1990–2022

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

00.511.51990200620221990: 0.583 %1993: 1.1 %1994: 0.949 %1995: 0.919 %1996: 0.857 %1999: 1.2 %2000: 1.2 %2001: 1.2 %2002: 1.3 %2003: 1.3 %2004: 1.3 %2005: 1.4 %2006: 1.3 %2007: 1.3 %2008: 1.4 %2009: 1.5 %2010: 1.5 %2011: 1.3 %2012: 1.5 %2013: 1.4 %2014: 1.4 %2015: 1.4 %2016: 1.5 %2017: 1.4 %2018: 1.2 %2019: 1.3 %2020: 1.5 %2021: 1.4 %2022: 1.3 %

Source: UNESCO Institute for Statistics. Measured in %.

Analysis

Iceland recorded 1.3% for government expenditure on tertiary education as a percentage of gdp in 2022.

Compared with earlier readings it is down 6.6% on the previous year and down 9.5% over ten years.

Over the whole period, government expenditure on tertiary education as a percentage of gdp in Iceland peaked at 1.5% in 2010 and was at its lowest, 0.6%, in 1990.

That places Iceland 24th out of 173 countries with data for 2022, putting it in the top quarter.

The long-run direction has been consistently rising across the 29 years of available data.

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

Annual values for Government expenditure on tertiary education as a percentage of GDP (%) in Iceland, 1990 to 2022.
Year % Change
1990 0.6%
1993 1.1% +97.1%
1994 0.9% -17.5%
1995 0.9% -3.2%
1996 0.9% -6.7%
1999 1.2% +35.2%
2000 1.2% +0.4%
2001 1.2% +2.9%
2002 1.3% +10.2%
2003 1.3% +2.1%
2004 1.3% -1.4%
2005 1.4% +5.7%
2006 1.3% -7.9%
2007 1.3% +1.4%
2008 1.4% +5.7%
2009 1.5% +5.8%
2010 1.5% +1.6%
2011 1.3% -11.5%
2012 1.5% +11.5%
2013 1.4% -1.9%
2014 1.4% -0.4%
2015 1.4% -2.0%
2016 1.5% +5.1%
2017 1.4% -8.0%
2018 1.2% -9.6%
2019 1.3% +4.5%
2020 1.5% +13.7%
2021 1.4% -2.7%
2022 1.3% -6.6%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.9% 0.6% 1.2% 6
2000s 1.3% 1.2% 1.5% 10
2010s 1.4% 1.2% 1.5% 10
2020s 1.4% 1.3% 1.5% 3

Countries ranked near Iceland

  1. 21 Tunisia 1.5% compare
  2. 22 Finland 1.5% compare
  3. 23 Burundi 1.5% compare
  4. 25 Oman 1.3% compare
  5. 26 Maldives 1.3% compare
  6. 27 Germany 1.3% compare

See the full ranking of 173 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on tertiary education as a percentage of gdp in Iceland?
Government expenditure on tertiary education as a percentage of gdp in Iceland was 1.3% in 2022, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education as a percentage of gdp recorded in Iceland?
The highest recorded value was 1.5% in 2010.
What is the lowest government expenditure on tertiary education as a percentage of gdp recorded in Iceland?
The lowest recorded value was 0.6% in 1990.
How does Iceland rank for government expenditure on tertiary education as a percentage of gdp?
Iceland ranks 24th out of 173 countries with data for 2022.
Is government expenditure on tertiary education as a percentage of gdp rising or falling in Iceland?
Over the last ten years it is down 9.5%. 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 tertiary education as a percentage of GDP (%). Statizoid updates them automatically from the source API.

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Government expenditure on tertiary 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-tertiary-education-as-a-percentage-of-gdp-percent/iceland/

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About this data

Indicator
Government expenditure on tertiary education as a percentage of GDP (%)
Unit
%
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
173 places, 3,953 data points, 1970–2025
Last refreshed

February 2026 Data Release