Government expenditure on education, PPP$ in Iceland

Iceland: Government expenditure on education, PPP$ was 1,461 millions in 2017. ▲ Rising

Latest (2017)
1,461 millions
Change on year
up 9.6%
World rank
109th
of 163 countries
All-time high
1,461 millions
in 2017
All-time low
238.15 millions
in 1990
Years of data
25
1990–2017

Government expenditure on education, PPP$ in Iceland, 1990–2017

2505007501.0k1.2k1.5k1990200320171990: 238.2 millions1993: 304 millions1994: 297.5 millions1995: 305.7 millions1996: 347.1 millions1998: 533.9 millions1999: 527.5 millions2000: 538.8 millions2001: 609.4 millions2002: 684.3 millions2003: 685.2 millions2004: 744.3 millions2005: 812.7 millions2006: 866.7 millions2007: 896.2 millions2008: 976.6 millions2009: 959.6 millions2010: 879 millions2011: 886.7 millions2012: 1.0k millions2013: 1.1k millions2014: 1.2k millions2015: 1.2k millions2016: 1.3k millions2017: 1.5k millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

In 2017, government expenditure on education, ppp$ in Iceland stood at 1,461 millions. That is the highest value across all 25 years on record.

The figure is up 9.6% on the previous year and up 63.0% over ten years.

Over the whole period, government expenditure on education, ppp$ in Iceland peaked at 1,461 millions in 2017 and was at its lowest, 238.15 millions, in 1990.

That places Iceland 109th out of 163 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.

Averages by decade

DecadeAverage LowestHighest Years
1990s 364.85 millions 238.15 millions 533.94 millions 7
2000s 777.37 millions 538.77 millions 976.59 millions 10
2010s 1,127 millions 879.04 millions 1,461 millions 8

Countries ranked near Iceland

  1. 106 Mali 1,576 millions compare
  2. 107 Jamaica 1,512 millions compare
  3. 108 Cambodia 1,496 millions compare
  4. 110 Mongolia 1,440 millions compare
  5. 111 Namibia 1,382 millions compare
  6. 112 Mauritius 1,357 millions compare

See the full ranking of 163 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on education, ppp$ in Iceland?
Government expenditure on education, ppp$ in Iceland was 1,461 millions in 2017, according to UNESCO Institute for Statistics.
What is the highest government expenditure on education, ppp$ recorded in Iceland?
The highest recorded value was 1,461 millions in 2017.
What is the lowest government expenditure on education, ppp$ recorded in Iceland?
The lowest recorded value was 238.15 millions in 1990.
How does Iceland rank for government expenditure on education, ppp$?
Iceland ranks 109th out of 163 countries with data for 2017.
Is government expenditure on education, ppp$ rising or falling in Iceland?
Over the last ten years it is up 63.0%. 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, PPP$ (millions). Statizoid updates them automatically from the source API.

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About this data

Indicator
Government expenditure on education, PPP$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
163 places, 2,668 data points, 1990–2019
Last refreshed

Total general (local, regional and central) government expenditure on education (current, capital, and transfers), in millions PPP$ (at purchasing power parity), in 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 PPP$. 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/