Government expenditure on education not specified by level, US$ in Iceland

Iceland: Government expenditure on education not specified by level, US$ was 93.06 millions in 2017. ▲ Rising

Latest (2017)
93.06 millions
Change on year
up 20.4%
World rank
31st
of 154 countries
All-time high
93.06 millions
in 2017
All-time low
10.54 millions
in 1994
Years of data
22
1994–2017

Government expenditure on education not specified by level, US$ in Iceland, 1994–2017

204060801001994200520171994: 10.5 millions1995: 11.9 millions1996: 15.8 millions1999: 28.4 millions2000: 30 millions2001: 29 millions2002: 31.5 millions2003: 42.9 millions2004: 55.5 millions2005: 68.2 millions2006: 70.1 millions2007: 77.4 millions2008: 64.1 millions2009: 47 millions2010: 52 millions2011: 53.9 millions2012: 53.6 millions2013: 58.1 millions2014: 61 millions2015: 58.7 millions2016: 77.3 millions2017: 93.1 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

The most recent figure for government expenditure on education not specified by level, us$ in Iceland is 93.06 millions, measured in 2017. That is the highest value across all 22 years on record.

Compared with earlier readings it is up 20.4% on the previous year and up 20.3% over ten years.

Over the whole period, government expenditure on education not specified by level, us$ in Iceland peaked at 93.06 millions in 2017 and was at its lowest, 10.54 millions, in 1994.

Iceland ranks 31st of 154 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 22 years of available data.

Government expenditure on education not specified by level, US$ in Iceland, year by year

Annual values for Government expenditure on education not specified by level, US$ (millions) in Iceland, 1994 to 2017.
Year millions Change
1994 10.54 millions —
1995 11.93 millions +13.3%
1996 15.76 millions +32.1%
1999 28.38 millions +80.1%
2000 30.03 millions +5.8%
2001 28.96 millions -3.6%
2002 31.51 millions +8.8%
2003 42.89 millions +36.1%
2004 55.47 millions +29.3%
2005 68.23 millions +23.0%
2006 70.11 millions +2.8%
2007 77.36 millions +10.3%
2008 64.14 millions -17.1%
2009 46.98 millions -26.8%
2010 52.01 millions +10.7%
2011 53.91 millions +3.6%
2012 53.64 millions -0.5%
2013 58.14 millions +8.4%
2014 61.02 millions +5.0%
2015 58.68 millions -3.8%
2016 77.28 millions +31.7%
2017 93.06 millions +20.4%

Iceland compared with similar countries

  • Iceland's 93.06 millions is above the median for Europe & Central Asia, which is 1.97 millions, 47.3× the median. (46 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 16.65 millions 10.54 millions 28.38 millions 4
2000s 51.57 millions 28.96 millions 77.36 millions 10
2010s 63.47 millions 52.01 millions 93.06 millions 8

Countries ranked near Iceland

  1. 28 Uruguay 141.63 millions compare
  2. 29 Belarus 126.37 millions compare
  3. 30 Tajikistan 112.84 millions compare
  4. 32 Kyrgyzstan 92.8 millions compare
  5. 33 Guatemala 91.91 millions compare
  6. 34 Kuwait 91.34 millions compare

See the full ranking of 154 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on education not specified by level, us$ in Iceland?
Government expenditure on education not specified by level, us$ in Iceland was 93.06 millions in 2017, according to UNESCO Institute for Statistics.
What is the highest government expenditure on education not specified by level, us$ recorded in Iceland?
The highest recorded value was 93.06 millions in 2017.
What is the lowest government expenditure on education not specified by level, us$ recorded in Iceland?
The lowest recorded value was 10.54 millions in 1994.
How does Iceland rank for government expenditure on education not specified by level, us$?
Iceland ranks 31st out of 154 countries with data for 2017.
Is government expenditure on education not specified by level, us$ rising or falling in Iceland?
Over the last ten years it is up 20.3%. 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 not specified by level, US$ (millions). Statizoid updates them automatically from the source API.

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Government expenditure on education not specified by level, US$ in Iceland. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 29 September 2026, from https://reference.statizoid.com/stat/government-expenditure-on-education-not-specified-by-level-us-millions/iceland/

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About this data

Indicator
Government expenditure on education not specified by level, US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
154 places, 2,349 data points, 1970–2019
Last refreshed

Total general (local, regional and central) government expenditure on education (current, capital, and transfers) not specified by level in millions US$ (nominal value). 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$. 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/