Initial government funding per tertiary student as a percentage of in Iceland

Iceland: Initial government funding per tertiary student as a percentage of was 23.5% in 2022. ▼ Falling

Latest (2022)
23.5%
Change on year
down 0.7%
World rank
68th
of 120 countries
All-time high
38.0%
in 1999
All-time low
22.3%
in 2011
Years of data
24
1999–2022

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

0102030401999201020221999: 382000: 33.82001: 33.52002: 32.72003: 29.22004: 26.42005: 27.52006: 252007: 25.82008: 26.52009: 27.62010: 26.32011: 22.32012: 24.72013: 23.72014: 23.72015: 24.52016: 27.22017: 26.12018: 23.62019: 24.42020: 25.92021: 23.72022: 23.5

Source: UNESCO Institute for Statistics.

Analysis

The most recent figure for initial government funding per tertiary student as a percentage of in Iceland is 23.5%, measured in 2022.

The figure is down 0.7% on the previous year and down 4.7% over ten years.

Over the whole period, initial government funding per tertiary student as a percentage of in Iceland peaked at 38.0% in 1999 and was at its lowest, 22.3%, in 2011.

Iceland ranks 68th of 120 countries on this measure, in the middle of the range.

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

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

Annual values for Initial government funding per tertiary student as a percentage of GDP per capita in Iceland, 1999 to 2022.
Year Value Change
1999 38.0%
2000 33.8% -10.9%
2001 33.5% -1.0%
2002 32.7% -2.3%
2003 29.2% -10.8%
2004 26.4% -9.7%
2005 27.5% +4.2%
2006 25.0% -9.0%
2007 25.8% +3.3%
2008 26.5% +2.5%
2009 27.6% +4.3%
2010 26.3% -4.9%
2011 22.3% -15.0%
2012 24.7% +10.6%
2013 23.7% -3.8%
2014 23.7% -0.1%
2015 24.5% +3.5%
2016 27.2% +10.9%
2017 26.1% -4.1%
2018 23.6% -9.6%
2019 24.4% +3.4%
2020 25.9% +6.0%
2021 23.7% -8.4%
2022 23.5% -0.7%

Averages by decade

DecadeAverage LowestHighest Years
1990s 38.0% 38.0% 38.0% 1
2000s 28.8% 25.0% 33.8% 10
2010s 24.7% 22.3% 27.2% 10
2020s 24.4% 23.5% 25.9% 3

Countries ranked near Iceland

  1. 65 Turkmenistan 24.4%
  2. 66 Romania 24.2% compare
  3. 67 Italy 23.6% compare
  4. 69 Canada 23.1% compare
  5. 70 Türkiye 22.4% compare
  6. 71 Spain 22.3% compare

See the full ranking of 120 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is initial government funding per tertiary student as a percentage of in Iceland?
Initial government funding per tertiary student as a percentage of in Iceland was 23.5% in 2022, according to UNESCO Institute for Statistics.
What is the highest initial government funding per tertiary student as a percentage of recorded in Iceland?
The highest recorded value was 38.0% in 1999.
What is the lowest initial government funding per tertiary student as a percentage of recorded in Iceland?
The lowest recorded value was 22.3% in 2011.
How does Iceland rank for initial government funding per tertiary student as a percentage of?
Iceland ranks 68th out of 120 countries with data for 2022.
Is initial government funding per tertiary student as a percentage of rising or falling in Iceland?
Over the last ten years it is down 4.7%. The long-run trend across the full record is falling.
Where does this Iceland data come from?
The figures come from UNESCO Institute for Statistics, published as part of Initial government funding per tertiary student as a percentage of GDP per capita. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 24 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).

Share, cite or embed this page

Cite this page

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

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics); please keep the attribution.

<a href="https://education.statizoid.com/stat/initial-government-funding-per-tertiary-student-as-a-percentage-of-gdp-per-capita-2/iceland/">Initial government funding per tertiary student as a percentage of in Iceland</a> — Statizoid

About this data

Indicator
Initial government funding per tertiary 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
120 places, 1,713 data points, 1970–2024
Last refreshed

February 2026 Data Release