Government expenditure on education, constant US$ in Iceland
Iceland: Government expenditure on education, constant US$ was 1,875 millions in 2017. ▲ Rising
Government expenditure on education, constant US$ in Iceland, 1990–2017
Source: UNESCO Institute for Statistics. Measured in millions.
Analysis
Iceland recorded 1,875 millions for government expenditure on education, constant us$ in 2017. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 6.8% on the previous year and up 28.9% over ten years.
Over the whole period, government expenditure on education, constant us$ in Iceland peaked at 1,875 millions in 2017 and was at its lowest, 477.87 millions, in 1990.
That places Iceland 76th out of 167 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 US$ in Iceland, year by year
| Year | millions | Change |
|---|---|---|
| 1990 | 477.87 millions | — |
| 1993 | 563.54 millions | +17.9% |
| 1994 | 540.04 millions | -4.2% |
| 1995 | 543.51 millions | +0.6% |
| 1996 | 620.34 millions | +14.1% |
| 1998 | 915.93 millions | +47.7% |
| 1999 | 903.85 millions | -1.3% |
| 2000 | 948.89 millions | +5.0% |
| 2001 | 1,029 millions | +8.5% |
| 2002 | 1,127 millions | +9.5% |
| 2003 | 1,142 millions | +1.4% |
| 2004 | 1,217 millions | +6.6% |
| 2005 | 1,331 millions | +9.3% |
| 2006 | 1,390 millions | +4.4% |
| 2007 | 1,455 millions | +4.7% |
| 2008 | 1,508 millions | +3.7% |
| 2009 | 1,422 millions | -5.7% |
| 2010 | 1,334 millions | -6.2% |
| 2011 | 1,328 millions | -0.5% |
| 2012 | 1,499 millions | +12.9% |
| 2013 | 1,539 millions | +2.7% |
| 2014 | 1,612 millions | +4.8% |
| 2015 | 1,650 millions | +2.4% |
| 2016 | 1,756 millions | +6.4% |
| 2017 | 1,875 millions | +6.8% |
Iceland compared with similar countries
- Iceland's 1,875 millions is below the median for high income countries, which is 6,584 millions, 28% of the median. (60 countries reporting)
- Iceland's 1,875 millions is below the median for Europe & Central Asia, which is 4,542 millions, 41% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Government expenditure on education, constant US$ 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% | 620.34 millions | 915.93 millions |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 652.15 millions | 477.87 millions | 915.93 millions | 7 |
| 2000s | 1,257 millions | 948.89 millions | 1,508 millions | 10 |
| 2010s | 1,574 millions | 1,328 millions | 1,875 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 us$ in Iceland?
- Government expenditure on education, constant us$ in Iceland was 1,875 millions in 2017, according to UNESCO Institute for Statistics.
- What is the highest government expenditure on education, constant us$ recorded in Iceland?
- The highest recorded value was 1,875 millions in 2017.
- What is the lowest government expenditure on education, constant us$ recorded in Iceland?
- The lowest recorded value was 477.87 millions in 1990.
- How does Iceland rank for government expenditure on education, constant us$?
- Iceland ranks 76th out of 167 countries with data for 2017.
- Is government expenditure on education, constant us$ 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 US$ (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 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/