Government expenditure on tertiary education, constant PPP$ in Iceland

Iceland: Government expenditure on tertiary education, constant PPP$ was 262.43 millions in 2017. ▲ Rising

Latest (2017)
262.43 millions
Change on year
down 3.7%
World rank
96th
of 144 countries
All-time high
272.41 millions
in 2016
All-time low
50.99 millions
in 1990
Years of data
24
1990–2017

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

501001502002501990200320171990: 51 millions1993: 98.2 millions1994: 83.9 millions1995: 81.4 millions1996: 79.4 millions1999: 126.8 millions2000: 133.7 millions2001: 143.1 millions2002: 158.6 millions2003: 165.4 millions2004: 175.9 millions2005: 198.3 millions2006: 194.6 millions2007: 214.1 millions2008: 231.6 millions2009: 226 millions2010: 223.1 millions2011: 200.9 millions2012: 226.4 millions2013: 232.2 millions2014: 236.2 millions2015: 242.9 millions2016: 272.4 millions2017: 262.4 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

In 2017, government expenditure on tertiary education, constant ppp$ in Iceland stood at 262.43 millions.

The figure is down 3.7% on the previous year and up 22.6% over ten years.

Over the whole period, government expenditure on tertiary education, constant ppp$ in Iceland peaked at 272.41 millions in 2016 and was at its lowest, 50.99 millions, in 1990.

That places Iceland 96th out of 144 countries with data for 2017, putting it in the middle of the range.

The long-run direction has been consistently rising across the 24 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 86.78 millions 50.99 millions 126.82 millions 6
2000s 184.14 millions 133.74 millions 231.56 millions 10
2010s 237.08 millions 200.94 millions 272.41 millions 8

Countries ranked near Iceland

  1. 93 Jordan 292.31 millions compare
  2. 94 Mali 272.5 millions compare
  3. 95 Nepal 270.94 millions compare
  4. 97 Albania 255.04 millions compare
  5. 98 Jamaica 253.34 millions compare
  6. 99 Malta 244.42 millions compare

See the full ranking of 144 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on tertiary education, constant ppp$ in Iceland?
Government expenditure on tertiary education, constant ppp$ in Iceland was 262.43 millions in 2017, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education, constant ppp$ recorded in Iceland?
The highest recorded value was 272.41 millions in 2016.
What is the lowest government expenditure on tertiary education, constant ppp$ recorded in Iceland?
The lowest recorded value was 50.99 millions in 1990.
How does Iceland rank for government expenditure on tertiary education, constant ppp$?
Iceland ranks 96th out of 144 countries with data for 2017.
Is government expenditure on tertiary education, constant ppp$ rising or falling in Iceland?
Over the last ten years it is up 22.6%. 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 tertiary education, constant PPP$ (millions). Statizoid updates them automatically from the source API.

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About this data

Indicator
Government expenditure on tertiary education, constant PPP$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
144 places, 2,101 data points, 1984–2019
Last refreshed

Total general (local, regional and central) government expenditure on tertiary 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/