Government expenditure on education, US$ in Iceland

Iceland: Government expenditure on education, US$ was 1,875 millions in 2017. ▲ Rising

Latest (2017)
1,875 millions
Change on year
up 21.4%
World rank
79th
of 174 countries
All-time high
1,875 millions
in 2017
All-time low
275.48 millions
in 1990
Years of data
25
1990–2017

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

5001.0k1.5k2.0k1990200320171990: 275.5 millions1993: 319.7 millions1994: 303.9 millions1995: 340.6 millions1996: 387.5 millions1998: 576.9 millions1999: 577.9 millions2000: 580.5 millions2001: 552.2 millions2002: 680.1 millions2003: 828.1 millions2004: 990.1 millions2005: 1.2k millions2006: 1.3k millions2007: 1.5k millions2008: 1.3k millions2009: 945.8 millions2010: 954.9 millions2011: 1.0k millions2012: 1.1k millions2013: 1.2k millions2014: 1.4k millions2015: 1.3k millions2016: 1.5k millions2017: 1.9k millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

Iceland recorded 1,875 millions for government expenditure on education, us$ in 2017. That is the highest value across all 25 years on record.

The figure is up 21.4% on the previous year and up 24.7% over ten years.

Over the whole period, government expenditure on education, us$ in Iceland peaked at 1,875 millions in 2017 and was at its lowest, 275.48 millions, in 1990.

Iceland ranks 79th of 174 countries on this measure, 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 397.42 millions 275.48 millions 577.91 millions 7
2000s 984.55 millions 552.22 millions 1,504 millions 10
2010s 1,300 millions 954.91 millions 1,875 millions 8

Countries ranked near Iceland

  1. 76 Syria 1,969 millions compare
  2. 77 Cote d'Ivoire 1,880 millions compare
  3. 78 Sri Lanka 1,878 millions compare
  4. 80 Lithuania 1,821 millions compare
  5. 81 Serbia 1,814 millions compare
  6. 82 Macao 1,509 millions compare

See the full ranking of 174 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on education, us$ in Iceland?
Government expenditure on education, us$ in Iceland was 1,875 millions in 2017, according to UNESCO Institute for Statistics.
What is the highest government expenditure on education, us$ recorded in Iceland?
The highest recorded value was 1,875 millions in 2017.
What is the lowest government expenditure on education, us$ recorded in Iceland?
The lowest recorded value was 275.48 millions in 1990.
How does Iceland rank for government expenditure on education, us$?
Iceland ranks 79th out of 174 countries with data for 2017.
Is government expenditure on education, us$ rising or falling in Iceland?
Over the last ten years it is up 24.7%. 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, US$ (millions). Statizoid updates them automatically from the source API.

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About this data

Indicator
Government expenditure on education, US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
174 places, 3,881 data points, 1970–2019
Last refreshed

Total general (local, regional and central) government expenditure on education (current, capital, and transfers) 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/