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

Iceland: Initial household funding per primary student as a percentage of GDP was 0.2% in 2022. ▼ Falling

Latest (2022)
0.2%
Change on year
down 8.8%
World rank
55th
of 61 countries
All-time high
0.2%
in 2014
All-time low
0.2%
in 2022
Years of data
13
2007–2022

Initial household funding per primary student as a percentage of GDP in Iceland, 2007–2022

00.050.10.150.20.252007201420222007: 0.2342008: 0.2122009: 0.2132010: 0.2152011: 0.2172012: 0.232013: 0.2342014: 0.2342018: 0.1992019: 0.1922020: 0.2062021: 0.1952022: 0.178

Source: UNESCO Institute for Statistics.

Analysis

Iceland recorded 0.2% for initial household funding per primary student as a percentage of gdp in 2022. That is the lowest value across all 13 years on record.

The figure is down 8.8% on the previous year and down 22.5% over ten years.

Over the whole period, initial household funding per primary student as a percentage of gdp in Iceland peaked at 0.2% in 2014 and was at its lowest, 0.2%, in 2022.

That places Iceland 55th out of 61 countries with data for 2022, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 13 years of available data.

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

Annual values for Initial household funding per primary student as a percentage of GDP per capita in Iceland, 2007 to 2022.
Year Value Change
2007 0.2%
2008 0.2% -9.1%
2009 0.2% +0.2%
2010 0.2% +1.1%
2011 0.2% +0.8%
2012 0.2% +5.9%
2013 0.2% +1.7%
2014 0.2% +0.2%
2018 0.2% -15.1%
2019 0.2% -3.5%
2020 0.2% +7.6%
2021 0.2% -5.4%
2022 0.2% -8.8%

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.2% 0.2% 0.2% 3
2010s 0.2% 0.2% 0.2% 7
2020s 0.2% 0.2% 0.2% 3

Countries ranked near Iceland

  1. 52 Malawi 0.4%
  2. 53 Ireland 0.3% compare
  3. 54 Cape Verde 0.3% compare
  4. 56 Mongolia 0.1% compare
  5. 57 Romania 0.0% compare
  6. 58 Finland 0.0% compare

See the full ranking of 61 places →

More education data for Iceland

All data for Iceland →

Frequently asked questions

What is initial household funding per primary student as a percentage of gdp in Iceland?
Initial household funding per primary student as a percentage of gdp in Iceland was 0.2% in 2022, according to UNESCO Institute for Statistics.
What is the highest initial household funding per primary student as a percentage of gdp recorded in Iceland?
The highest recorded value was 0.2% in 2014.
What is the lowest initial household funding per primary student as a percentage of gdp recorded in Iceland?
The lowest recorded value was 0.2% in 2022.
How does Iceland rank for initial household funding per primary student as a percentage of gdp?
Iceland ranks 55th out of 61 countries with data for 2022.
Is initial household funding per primary student as a percentage of gdp rising or falling in Iceland?
Over the last ten years it is down 22.5%. 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 household funding per primary student as a percentage of GDP per capita. Statizoid updates them automatically from the source API.

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Initial household funding per primary student as a percentage of GDP in Iceland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 09 September 2026, from https://education.statizoid.com/stat/initial-household-funding-per-primary-student-as-a-percentage-of-gdp-per-capita-2/iceland/

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About this data

Indicator
Initial household 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
61 places, 735 data points, 1998–2024
Last refreshed

February 2026 Data Release