Government expenditure on tertiary education, constant US$ in Iceland

Iceland: Government expenditure on tertiary education, constant US$ was 336.81 millions in 2017. ▲ Rising

Latest (2017)
336.81 millions
Change on year
down 3.7%
World rank
77th
of 153 countries
All-time high
349.62 millions
in 2016
All-time low
65.45 millions
in 1990
Years of data
24
1990–2017

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

1002003001990200320171990: 65.4 millions1993: 126 millions1994: 107.7 millions1995: 104.4 millions1996: 101.8 millions1999: 162.8 millions2000: 171.6 millions2001: 183.7 millions2002: 203.5 millions2003: 212.3 millions2004: 225.7 millions2005: 254.5 millions2006: 249.8 millions2007: 274.7 millions2008: 297.2 millions2009: 290.1 millions2010: 286.3 millions2011: 257.9 millions2012: 290.6 millions2013: 298 millions2014: 303.2 millions2015: 311.7 millions2016: 349.6 millions2017: 336.8 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

In 2017, government expenditure on tertiary education, constant us$ in Iceland stood at 336.81 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 us$ in Iceland peaked at 349.62 millions in 2016 and was at its lowest, 65.45 millions, in 1990.

That places Iceland 77th out of 153 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 111.37 millions 65.45 millions 162.77 millions 6
2000s 236.33 millions 171.65 millions 297.19 millions 10
2010s 304.27 millions 257.89 millions 349.62 millions 8

Countries ranked near Iceland

  1. 74 Lithuania 359.49 millions compare
  2. 75 Senegal 354.54 millions compare
  3. 76 Lebanon 353.37 millions compare
  4. 78 Guatemala 331.32 millions compare
  5. 79 Panama 329.38 millions compare
  6. 80 Estonia 305.48 millions compare

See the full ranking of 153 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on tertiary education, constant us$ in Iceland?
Government expenditure on tertiary education, constant us$ in Iceland was 336.81 millions in 2017, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education, constant us$ recorded in Iceland?
The highest recorded value was 349.62 millions in 2016.
What is the lowest government expenditure on tertiary education, constant us$ recorded in Iceland?
The lowest recorded value was 65.45 millions in 1990.
How does Iceland rank for government expenditure on tertiary education, constant us$?
Iceland ranks 77th out of 153 countries with data for 2017.
Is government expenditure on tertiary education, constant us$ 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 US$ (millions). Statizoid updates them automatically from the source API.

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About this data

Indicator
Government expenditure on tertiary education, constant US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
153 places, 3,093 data points, 1970–2019
Last refreshed

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