Government expenditure on tertiary education, constant US$ in Iceland
Iceland: Government expenditure on tertiary education, constant US$ was 395.9 millions in 2022. ▲ Rising
Government expenditure on tertiary education, constant US$ in Iceland, 1990–2022
Source: UNESCO Institute for Statistics. Measured in millions.
Analysis
In 2022, government expenditure on tertiary education, constant us$ in Iceland stood at 395.9 millions. That is the highest value across all 29 years on record.
Compared with earlier readings it is up 1.8% on the previous year and up 26.6% over ten years.
Over the whole period, government expenditure on tertiary education, constant us$ in Iceland peaked at 395.9 millions in 2022 and was at its lowest, 70.97 millions, in 1990.
That places Iceland 82nd out of 159 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Government expenditure on tertiary education, constant US$ in Iceland, year by year
| Year | millions | Change |
|---|---|---|
| 1990 | 70.97 millions | — |
| 1993 | 136.64 millions | +92.5% |
| 1994 | 116.83 millions | -14.5% |
| 1995 | 113.24 millions | -3.1% |
| 1996 | 110.45 millions | -2.5% |
| 1999 | 176.47 millions | +59.8% |
| 2000 | 186.02 millions | +5.4% |
| 2001 | 199.09 millions | +7.0% |
| 2002 | 220.54 millions | +10.8% |
| 2003 | 230.02 millions | +4.3% |
| 2004 | 244.51 millions | +6.3% |
| 2005 | 274.36 millions | +12.2% |
| 2006 | 268.77 millions | -2.0% |
| 2007 | 295.48 millions | +9.9% |
| 2008 | 319.32 millions | +8.1% |
| 2009 | 311.9 millions | -2.3% |
| 2010 | 308.01 millions | -1.2% |
| 2011 | 277.54 millions | -9.9% |
| 2012 | 312.72 millions | +12.7% |
| 2013 | 320.75 millions | +2.6% |
| 2014 | 324.95 millions | +1.3% |
| 2015 | 332.7 millions | +2.4% |
| 2016 | 371.59 millions | +11.7% |
| 2017 | 356.3 millions | -4.1% |
| 2018 | 337.81 millions | -5.2% |
| 2019 | 359.46 millions | +6.4% |
| 2020 | 380.45 millions | +5.8% |
| 2021 | 388.99 millions | +2.2% |
| 2022 | 395.9 millions | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 120.77 millions | 70.97 millions | 176.47 millions | 6 |
| 2000s | 255 millions | 186.02 millions | 319.32 millions | 10 |
| 2010s | 330.18 millions | 277.54 millions | 371.59 millions | 10 |
| 2020s | 388.45 millions | 380.45 millions | 395.9 millions | 3 |
Countries ranked near Iceland
More education data for Iceland
- Theoretical duration of upper secondary education (years), annual 0 % change on previous year (2025)
- Theoretical duration of secondary education (years), annual growth 0 % change on previous year (2025)
- Start of the academic school year (tertiary education), gaps filled 2,022 tertiary education (2023)
- Start of the academic school year (tertiary education), annual growth 0.0495 % change on previous year (2023)
- Primary education, teachers, gaps filled 3,568 (2023)
- Duration of pre primary education, annual growth rate 0 % change on previous year (2025)
- Duration of pre primary education 3 (2025)
- Official entrance age to pre primary education 3 (2025)
- Population ages 15-64 66.5% (2025)
- Population ages 0-14 17.5% (2025)
Frequently asked questions
- What is government expenditure on tertiary education, constant us$ in Iceland?
- Government expenditure on tertiary education, constant us$ in Iceland was 395.9 millions in 2022, according to UNESCO Institute for Statistics.
- What is the highest government expenditure on tertiary education, constant us$ recorded in Iceland?
- The highest recorded value was 395.9 millions in 2022.
- What is the lowest government expenditure on tertiary education, constant us$ recorded in Iceland?
- The lowest recorded value was 70.97 millions in 1990.
- How does Iceland rank for government expenditure on tertiary education, constant us$?
- Iceland ranks 82nd out of 159 countries with data for 2022.
- Is government expenditure on tertiary education, constant us$ rising or falling in Iceland?
- Over the last ten years it is up 26.6%. 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 tertiary education, constant US$ (millions). Statizoid updates them automatically from the source API.
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About this data
February 2026 Data Release