Government expenditure on education, constant PPP$ (millions) in Iceland
Iceland: Government expenditure on education, constant PPP$ (millions) was 1,461 millions in 2017. ▲ Rising
Government expenditure on education, constant PPP$ in Iceland, 1990–2017
Source: UNESCO Institute for Statistics. Measured in millions.
Analysis
In 2017, government expenditure on education, constant ppp$ in Iceland stood at 1,461 millions. That is the highest value across all 25 years on record.
The figure is up 6.8% on the previous year and up 28.9% over ten years.
Over the whole period, government expenditure on education, constant ppp$ in Iceland peaked at 1,461 millions in 2017 and was at its lowest, 372.33 millions, in 1990.
That places Iceland 108th out of 161 countries with data for 2017, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Government expenditure on education, constant PPP$ (millions) in Iceland, year by year
| Year | millions | Change |
|---|---|---|
| 1990 | 372.33 millions | — |
| 1993 | 439.08 millions | +17.9% |
| 1994 | 420.77 millions | -4.2% |
| 1995 | 423.48 millions | +0.6% |
| 1996 | 483.34 millions | +14.1% |
| 1998 | 713.65 millions | +47.7% |
| 1999 | 704.24 millions | -1.3% |
| 2000 | 739.34 millions | +5.0% |
| 2001 | 801.86 millions | +8.5% |
| 2002 | 877.81 millions | +9.5% |
| 2003 | 890.01 millions | +1.4% |
| 2004 | 948.54 millions | +6.6% |
| 2005 | 1,037 millions | +9.3% |
| 2006 | 1,083 millions | +4.4% |
| 2007 | 1,134 millions | +4.7% |
| 2008 | 1,175 millions | +3.7% |
| 2009 | 1,108 millions | -5.7% |
| 2010 | 1,039 millions | -6.2% |
| 2011 | 1,035 millions | -0.5% |
| 2012 | 1,168 millions | +12.9% |
| 2013 | 1,199 millions | +2.7% |
| 2014 | 1,256 millions | +4.8% |
| 2015 | 1,286 millions | +2.4% |
| 2016 | 1,368 millions | +6.4% |
| 2017 | 1,461 millions | +6.8% |
Iceland compared with similar countries
- Iceland's 1,461 millions is below the median for high income countries, which is 13,172 millions, 11% of the median. (57 countries reporting)
- Iceland's 1,461 millions is below the median for Europe & Central Asia, which is 13,172 millions, 11% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Government expenditure on education, constant PPP$ (millions) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +47.7% | 483.34 millions | 713.65 millions |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 508.13 millions | 372.33 millions | 713.65 millions | 7 |
| 2000s | 979.41 millions | 739.34 millions | 1,175 millions | 10 |
| 2010s | 1,227 millions | 1,035 millions | 1,461 millions | 8 |
Countries ranked near Iceland
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is government expenditure on education, constant ppp$ in Iceland?
- Government expenditure on education, constant ppp$ in Iceland was 1,461 millions in 2017, according to UNESCO Institute for Statistics.
- What is the highest government expenditure on education, constant ppp$ recorded in Iceland?
- The highest recorded value was 1,461 millions in 2017.
- What is the lowest government expenditure on education, constant ppp$ recorded in Iceland?
- The lowest recorded value was 372.33 millions in 1990.
- How does Iceland rank for government expenditure on education, constant ppp$?
- Iceland ranks 108th out of 161 countries with data for 2017.
- Is government expenditure on education, constant ppp$ rising or falling in Iceland?
- Over the last ten years it is up 28.9%. 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 Government expenditure on education, constant PPP$ (millions). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total general (local, regional and central) government expenditure on education (current, capital, and transfers), in millions PPP$ (at purchasing power parity) 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 PPP$, and where it is expressed in constant value, uses a GDP deflator to account for inflation. The constant prices base year is normally three years before the year of the data release. For example, in the July 2017 data release, constant PPP$ 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/