Initial government funding per lower secondary student, constant PPP$ in Iceland

Iceland: Initial government funding per lower secondary student, constant PPP$ was 15,443 in 2017. ▲ Rising

Latest (2017)
15,443
Change on year
up 11.4%
World rank
4th
of 83 countries
All-time high
15,443
in 2017
All-time low
8,397
in 1999
Years of data
19
1999–2017

Initial government funding per lower secondary student, constant PPP$ in Iceland, 1999–2017

05.0k10.0k15.0k1999200820171999: 8.4k2000: 9.3k2001: 9.9k2002: 11.0k2003: 10.3k2004: 10.4k2005: 11.6k2006: 11.8k2007: 12.3k2008: 12.3k2009: 11.6k2010: 10.9k2011: 11.5k2012: 12.1k2013: 12.3k2014: 13.3k2015: 13.5k2016: 13.9k2017: 15.4k

Source: UNESCO Institute for Statistics.

Analysis

Iceland recorded 15,443 for initial government funding per lower secondary student, constant ppp$ in 2017. That is the highest value across all 19 years on record.

That represents a change of up 11.4% on the previous year and up 25.8% over ten years.

Over the whole period, initial government funding per lower secondary student, constant ppp$ in Iceland peaked at 15,443 in 2017 and was at its lowest, 8,397, in 1999.

That places Iceland 4th out of 83 countries with data for 2017, putting it in the top 10%.

The long-run direction has been consistently rising across the 19 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 8,397 8,397 8,397 1
2000s 11,043 9,276 12,343 10
2010s 12,873 10,921 15,443 8

Countries ranked near Iceland

  1. 1 Luxembourg 22,273 compare
  2. 2 Switzerland 20,635 compare
  3. 3 Austria 16,545 compare
  4. 5 Finland 15,322 compare
  5. 6 Norway 14,069 compare
  6. 7 Denmark 13,508 compare

See the full ranking of 83 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is initial government funding per lower secondary student, constant ppp$ in Iceland?
Initial government funding per lower secondary student, constant ppp$ in Iceland was 15,443 in 2017, according to UNESCO Institute for Statistics.
What is the highest initial government funding per lower secondary student, constant ppp$ recorded in Iceland?
The highest recorded value was 15,443 in 2017.
What is the lowest initial government funding per lower secondary student, constant ppp$ recorded in Iceland?
The lowest recorded value was 8,397 in 1999.
How does Iceland rank for initial government funding per lower secondary student, constant ppp$?
Iceland ranks 4th out of 83 countries with data for 2017.
Is initial government funding per lower secondary student, constant ppp$ rising or falling in Iceland?
Over the last ten years it is up 25.8%. 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 Initial government funding per lower secondary student, constant PPP$. Statizoid updates them automatically from the source API.

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About this data

Indicator
Initial government funding per lower secondary student, constant PPP$
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
83 places, 1,006 data points, 1995–2019
Last refreshed

Total general (local, regional and central, current and capital) initial government funding of education per student, which includes transfers paid (such as scholarships to students), but excludes transfers received, in this case international transfers to government for education (when foreign donors provide education sector budget support or other support integrated in the government budget). Calculation Method: Total general (local, regional and central) government expenditure (current and capital) on a given level of education (primary, secondary, etc) minus international transfers to government for education, divided by the number of student enrolled at that level of education. This is then expressed at constant purchasing power parity (constant 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. There are also cases where it may not be possible to separate international transfers to government from general government expenditure on education, in which cases they have not been subtracted in the formula. For more information, consult the UNESCO Institute of Statistics website: http://www.uis.unesco.org/Education/