Government expenditure on tertiary education, US$ in Iceland

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

Latest (2017)
336.81 millions
Change on year
up 9.4%
World rank
78th
of 158 countries
All-time high
336.81 millions
in 2017
All-time low
37.73 millions
in 1990
Years of data
24
1990–2017

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

01002003001990200320171990: 37.7 millions1993: 71.5 millions1994: 60.6 millions1995: 65.4 millions1996: 63.6 millions1999: 104.1 millions2000: 105 millions2001: 98.6 millions2002: 122.9 millions2003: 153.9 millions2004: 183.6 millions2005: 236.6 millions2006: 225.9 millions2007: 283.9 millions2008: 250.6 millions2009: 192.9 millions2010: 205 millions2011: 200.7 millions2012: 216.9 millions2013: 232.6 millions2014: 256.7 millions2015: 246.8 millions2016: 307.8 millions2017: 336.8 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

The most recent figure for government expenditure on tertiary education, us$ in Iceland is 336.81 millions, measured in 2017. That is the highest value across all 24 years on record.

That represents a change of up 9.4% on the previous year and up 18.6% over ten years.

Over the whole period, government expenditure on tertiary education, us$ in Iceland peaked at 336.81 millions in 2017 and was at its lowest, 37.73 millions, in 1990.

That places Iceland 78th out of 158 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 67.16 millions 37.73 millions 104.07 millions 6
2000s 185.38 millions 98.58 millions 283.9 millions 10
2010s 250.4 millions 200.72 millions 336.81 millions 8

Countries ranked near Iceland

  1. 75 Sri Lanka 389.61 millions compare
  2. 76 Senegal 368.82 millions compare
  3. 77 Lithuania 359.49 millions compare
  4. 79 Guatemala 331.12 millions compare
  5. 80 Tanzania 330.88 millions compare
  6. 81 Lebanon 327.95 millions compare

See the full ranking of 158 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is government expenditure on tertiary education, us$ in Iceland?
Government expenditure on tertiary education, us$ in Iceland was 336.81 millions in 2017, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education, us$ recorded in Iceland?
The highest recorded value was 336.81 millions in 2017.
What is the lowest government expenditure on tertiary education, us$ recorded in Iceland?
The lowest recorded value was 37.73 millions in 1990.
How does Iceland rank for government expenditure on tertiary education, us$?
Iceland ranks 78th out of 158 countries with data for 2017.
Is government expenditure on tertiary education, us$ rising or falling in Iceland?
Over the last ten years it is up 18.6%. 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, US$ (millions). Statizoid updates them automatically from the source API.

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About this data

Indicator
Government expenditure on tertiary education, US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
158 places, 3,257 data points, 1970–2019
Last refreshed

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