Initial government funding per lower secondary student, constant PPP$ in Iceland

Iceland: Initial government funding per lower secondary student, constant PPP$ was 20,238 in 2022. ▲ Rising

Latest (2022)
20,238
Change on year
down 2.8%
World rank
4th
of 98 countries
All-time high
21,694
in 2018
All-time low
11,203
in 1999
Years of data
24
1999–2022

Initial government funding per lower secondary student, constant PPP$ in Iceland, 1999–2022

05.0k10.0k15.0k20.0k1999201020221999: 11.2k2000: 12.4k2001: 13.2k2002: 14.6k2003: 13.7k2004: 13.9k2005: 15.3k2006: 15.6k2007: 16.2k2008: 16.3k2009: 15.3k2010: 14.5k2011: 15.3k2012: 16.0k2013: 16.3k2014: 17.6k2015: 17.7k2016: 18.1k2017: 20.1k2018: 21.7k2019: 21.0k2020: 21.1k2021: 20.8k2022: 20.2k

Source: UNESCO Institute for Statistics.

Analysis

The most recent figure for initial government funding per lower secondary student, constant ppp$ in Iceland is 20,238, measured in 2022.

The figure is down 2.8% on the previous year and up 26.2% over ten years.

Over the whole period, initial government funding per lower secondary student, constant ppp$ in Iceland peaked at 21,694 in 2018 and was at its lowest, 11,203, in 1999.

That places Iceland 4th out of 98 countries with data for 2022, putting it in the top 10%.

The long-run direction has been consistently rising across the 24 years of available data.

Initial government funding per lower secondary student, constant PPP$ in Iceland, year by year

Annual values for Initial government funding per lower secondary student, constant PPP$ in Iceland, 1999 to 2022.
Year Value Change
1999 11,203
2000 12,370 +10.4%
2001 13,237 +7.0%
2002 14,640 +10.6%
2003 13,705 -6.4%
2004 13,919 +1.6%
2005 15,322 +10.1%
2006 15,583 +1.7%
2007 16,246 +4.3%
2008 16,320 +0.5%
2009 15,335 -6.0%
2010 14,457 -5.7%
2011 15,263 +5.6%
2012 16,041 +5.1%
2013 16,311 +1.7%
2014 17,555 +7.6%
2015 17,723 +1.0%
2016 18,130 +2.3%
2017 20,104 +10.9%
2018 21,694 +7.9%
2019 20,980 -3.3%
2020 21,118 +0.7%
2021 20,832 -1.4%
2022 20,238 -2.8%

Averages by decade

DecadeAverage LowestHighest Years
1990s 11,203 11,203 11,203 1
2000s 14,668 12,370 16,320 10
2010s 17,826 14,457 21,694 10
2020s 20,729 20,238 21,118 3

Countries ranked near Iceland

  1. 1 Luxembourg 31,561 compare
  2. 2 Switzerland 26,060 compare
  3. 3 Korea 21,058 compare
  4. 5 Finland 19,904 compare
  5. 6 Austria 19,403 compare
  6. 7 Netherlands 18,278 compare

See the full ranking of 98 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is initial government funding per lower secondary student, constant ppp$ in Iceland?
Initial government funding per lower secondary student, constant ppp$ in Iceland was 20,238 in 2022, according to UNESCO Institute for Statistics.
What is the highest initial government funding per lower secondary student, constant ppp$ recorded in Iceland?
The highest recorded value was 21,694 in 2018.
What is the lowest initial government funding per lower secondary student, constant ppp$ recorded in Iceland?
The lowest recorded value was 11,203 in 1999.
How does Iceland rank for initial government funding per lower secondary student, constant ppp$?
Iceland ranks 4th out of 98 countries with data for 2022.
Is initial government funding per lower secondary student, constant ppp$ rising or falling in Iceland?
Over the last ten years it is up 26.2%. 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 Initial government funding per lower secondary student, constant PPP$. Statizoid updates them automatically from the source API.

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Initial government funding per lower secondary student, constant PPP$ in Iceland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 22 August 2026, from https://education.statizoid.com/stat/initial-government-funding-per-lower-secondary-student-constant-ppp-2/iceland/

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About this data

Indicator
Initial government funding per lower secondary student, constant PPP$
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
98 places, 1,348 data points, 1997–2024
Last refreshed

February 2026 Data Release