Government expenditure on tertiary education, US$ (millions) (US) in Iceland
Iceland: Government expenditure on tertiary education, US$ (millions) (US) was 381.61 millions in 2022. ▲ Rising
Latest (2022)
381.61 millions
Change on year
up 4.0%
World rank
86th
of 164 countries
All-time high
381.61 millions
in 2022
All-time low
37.73 millions
in 1990
Years of data
29
1990–2022
Government expenditure on tertiary education, US$ in Iceland, 1990–2022
Source: UNESCO Institute for Statistics. Measured in millions.
Analysis
Iceland recorded 381.61 millions for government expenditure on tertiary education, us$ in 2022. That is the highest value across all 29 years on record.
That represents a change of up 4.0% on the previous year and up 76.0% over ten years.
Over the whole period, government expenditure on tertiary education, us$ in Iceland peaked at 381.61 millions in 2022 and was at its lowest, 37.73 millions, in 1990.
Iceland ranks 86th of 164 countries on this measure, 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, US$ (millions) (US) in Iceland, year by year
| Year | millions | Change |
|---|---|---|
| 1990 | 37.73 millions | — |
| 1993 | 71.49 millions | +89.5% |
| 1994 | 60.62 millions | -15.2% |
| 1995 | 65.43 millions | +7.9% |
| 1996 | 63.62 millions | -2.8% |
| 1999 | 104.07 millions | +63.6% |
| 2000 | 105 millions | +0.9% |
| 2001 | 98.58 millions | -6.1% |
| 2002 | 122.88 millions | +24.6% |
| 2003 | 153.89 millions | +25.2% |
| 2004 | 183.56 millions | +19.3% |
| 2005 | 236.59 millions | +28.9% |
| 2006 | 225.92 millions | -4.5% |
| 2007 | 283.9 millions | +25.7% |
| 2008 | 250.58 millions | -11.7% |
| 2009 | 192.91 millions | -23.0% |
| 2010 | 204.96 millions | +6.2% |
| 2011 | 200.72 millions | -2.1% |
| 2012 | 216.88 millions | +8.0% |
| 2013 | 232.57 millions | +7.2% |
| 2014 | 256.75 millions | +10.4% |
| 2015 | 246.77 millions | -3.9% |
| 2016 | 307.75 millions | +24.7% |
| 2017 | 336.81 millions | +9.4% |
| 2018 | 323.31 millions | -4.0% |
| 2019 | 317.44 millions | -1.8% |
| 2020 | 316.39 millions | -0.3% |
| 2021 | 366.95 millions | +16.0% |
| 2022 | 381.61 millions | +4.0% |
Iceland compared with similar countries
- Iceland's 381.61 millions is below the median for high income countries, which is 1,777 millions, 21% of the median. (64 countries reporting)
- Iceland's 381.61 millions is below the median for Europe & Central Asia, which is 1,080 millions, 35% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 67.16 millions | 37.73 millions | 104.07 millions | 6 |
| 2000s | 185.38 millions | 98.58 millions | 283.9 millions | 10 |
| 2010s | 264.4 millions | 200.72 millions | 336.81 millions | 10 |
| 2020s | 354.98 millions | 316.39 millions | 381.61 millions | 3 |
Countries ranked near Iceland
More education data for Iceland
- Gender gap education levels, gaps filled 98.24 (2023)
- Primary enrollment selected countries, gaps filled 98.18 (2023)
- Repeaters in primary education, all grades, both sexes (number), gaps 0 (2023)
- Enrolment in pre-primary education, male (number), gaps filled 6,661 (2023)
- Enrolment in pre-primary education, female (number), gaps filled 6,167 (2023)
- Secondary education, pupils, gaps filled 37,056 (2023)
- Primary education, duration (years), annual growth rate 0 % change on previous year (2025)
- Primary education, pupils, gaps filled 32,314 (2023)
- Primary education, pupils, annual growth rate -1.17 % change on previous year (2023)
- Primary education, pupils, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is government expenditure on tertiary education, us$ in Iceland?
- Government expenditure on tertiary education, us$ in Iceland was 381.61 millions in 2022, according to UNESCO Institute for Statistics.
- What is the highest government expenditure on tertiary education, us$ recorded in Iceland?
- The highest recorded value was 381.61 millions in 2022.
- What is the lowest government expenditure on tertiary education, us$ recorded in Iceland?
- The lowest recorded value was 37.73 millions in 1990.
- How does Iceland rank for government expenditure on tertiary education, us$?
- Iceland ranks 86th out of 164 countries with data for 2022.
- Is government expenditure on tertiary education, us$ rising or falling in Iceland?
- Over the last ten years it is up 76.0%. 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, US$ (millions). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release