Iceland vs Panama: Government expenditure on tertiary education, constant US$

Iceland
336.81 millions
in 2017
Panama
329.38 millions
in 2012
Iceland rank
77th
Panama rank
79th

Government expenditure on tertiary education, constant US$ over time

  • Iceland
  • Panama
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How they compare

Iceland currently reports 336.81 millions against 329.38 millions in Panama, a difference of 7.43 millions.

Across all 10 years both countries report, Panama has been ahead every year.

Iceland ranks 77th and Panama ranks 79th of 153 countries.

Panama has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Iceland Panama Difference Ahead
1990s 119.2 millions 186.32 millions 67.12 millions Panama
2000s 196.15 millions 255.94 millions 59.79 millions Panama
2010s 274.24 millions 315.96 millions 41.72 millions Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher government expenditure on tertiary education, constant us$, Iceland or Panama?
Iceland, at 336.81 millions against 329.38 millions in Panama as of 2017.
What is the difference in government expenditure on tertiary education, constant us$ between Iceland and Panama?
7.43 millions, with Iceland ahead.
How many years of comparable data are there for Iceland and Panama?
10 years are reported by both, from 1994 to 2012.
How do Iceland and Panama rank globally for government expenditure on tertiary education, constant us$?
Iceland ranks 77th and Panama ranks 79th of 153 countries.
Where does this data come from?
UNESCO Institute for Statistics, published as Government expenditure on tertiary education, constant US$ (millions). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Panama: Government expenditure on tertiary education, constant US$. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 22 August 2026, from https://reference.statizoid.com/compare/government-expenditure-on-tertiary-education-constant-us-millions/iceland/panama/

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About this data

Indicator
Government expenditure on tertiary education, constant US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
153 places, 3,093 data points, 1970–2019
Last refreshed

Total general (local, regional and central) government expenditure on tertiary education (current, capital, and transfers) in millions US$ in constant value (taking into account inflation). It includes expenditure funded by transfers from international sources to government. Total government expenditure for a given level of education (e.g. primary, secondary, or all levels combined) in national currency is converted to US$, and where it is expressed in constant value, uses a GDP deflator to account for inflation. The constant prices base year is normally three years before the year of the data release. For example, in the July 2017 data release, constant US$ values are expressed in 2014 prices. Limitations: In some instances data on total government expenditure on education refers only to the Ministry of Education, excluding other ministries which may also spend a part of their budget on educational activities. For more information, consult the UNESCO Institute of Statistics website: http://www.uis.unesco.org/Education/