Initial government funding per primary student as a percentage of GDP in Iceland

Iceland: Initial government funding per primary student as a percentage of GDP was 25.9% in 2022. ▲ Rising

Latest (2022)
25.9%
Change on year
down 3.5%
World rank
8th
of 127 countries
All-time high
27.6%
in 2020
All-time low
20.7%
in 2001
Years of data
24
1999–2022

Initial government funding per primary student as a percentage of GDP in Iceland, 1999–2022

01020301999201020221999: 21.42000: 21.42001: 20.72002: 24.22003: 23.22004: 23.52005: 24.82006: 24.92007: 24.72008: 24.92009: 252010: 24.22011: 24.82012: 23.32013: 23.22014: 242015: 22.62016: 222017: 23.52018: 24.52019: 24.52020: 27.62021: 26.92022: 25.9

Source: UNESCO Institute for Statistics.

Analysis

In 2022, initial government funding per primary student as a percentage of gdp in Iceland stood at 25.9%.

That represents a change of down 3.5% on the previous year and up 11.2% over ten years.

Over the whole period, initial government funding per primary student as a percentage of gdp in Iceland peaked at 27.6% in 2020 and was at its lowest, 20.7%, in 2001.

Iceland ranks 8th of 127 countries on this measure, in the top 10%.

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

Initial government funding per primary student as a percentage of GDP in Iceland, year by year

Annual values for Initial government funding per primary student as a percentage of GDP per capita in Iceland, 1999 to 2022.
Year Value Change
1999 21.4%
2000 21.4% +0.1%
2001 20.7% -3.1%
2002 24.2% +16.4%
2003 23.2% -3.8%
2004 23.5% +0.9%
2005 24.8% +5.6%
2006 24.9% +0.5%
2007 24.7% -0.9%
2008 24.9% +1.1%
2009 25.0% +0.4%
2010 24.2% -3.3%
2011 24.8% +2.5%
2012 23.3% -5.9%
2013 23.2% -0.6%
2014 24.0% +3.4%
2015 22.6% -5.8%
2016 22.0% -2.5%
2017 23.5% +6.7%
2018 24.5% +4.1%
2019 24.5% -0.0%
2020 27.6% +12.9%
2021 26.9% -2.8%
2022 25.9% -3.5%

Averages by decade

DecadeAverage LowestHighest Years
1990s 21.4% 21.4% 21.4% 1
2000s 23.7% 20.7% 25.0% 10
2010s 23.6% 22.0% 24.8% 10
2020s 26.8% 25.9% 27.6% 3

Countries ranked near Iceland

  1. 5 Ukraine 27.4% compare
  2. 6 Cyprus 26.8% compare
  3. 7 Jamaica 26.2% compare
  4. 9 United Kingdom of Great Britain and Northern Ireland 25.7% compare
  5. 10 Bulgaria 25.2% compare
  6. 11 Slovenia 24.6% compare

See the full ranking of 127 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is initial government funding per primary student as a percentage of gdp in Iceland?
Initial government funding per primary student as a percentage of gdp in Iceland was 25.9% in 2022, according to UNESCO Institute for Statistics.
What is the highest initial government funding per primary student as a percentage of gdp recorded in Iceland?
The highest recorded value was 27.6% in 2020.
What is the lowest initial government funding per primary student as a percentage of gdp recorded in Iceland?
The lowest recorded value was 20.7% in 2001.
How does Iceland rank for initial government funding per primary student as a percentage of gdp?
Iceland ranks 8th out of 127 countries with data for 2022.
Is initial government funding per primary student as a percentage of gdp rising or falling in Iceland?
Over the last ten years it is up 11.2%. 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 primary student as a percentage of GDP per capita. Statizoid updates them automatically from the source API.

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Initial government funding per primary student as a percentage of GDP in Iceland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 08 September 2026, from https://education.statizoid.com/stat/initial-government-funding-per-primary-student-as-a-percentage-of-gdp-per-capita-2/iceland/

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About this data

Indicator
Initial government funding per primary student as a percentage of GDP per capita
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
127 places, 1,855 data points, 1997–2024
Last refreshed

February 2026 Data Release