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Iceland — Education spending
Government Education Spending (% of GDP) for Iceland, 1990–2022.
Latest value · 2022
7.31%
Government Education Spending (% of GDP) · % of GDP · +71.6% since 1990
Education spending for Iceland was 7.31% in 2022, according to the latest World Bank data. The series covers 30 years, from 1990 to 2022. The highest recorded value was 8.58% in 2020. The lowest was 4.26% in 1990 (about 1.7× the low point). Across that span the compound annual growth rate works out to 1.70% per year.
Iceland ranks 11 of 172 economies on this measure (1 = highest), putting it in the top 6%. The median for Europe & Central Asia is 4.59%, so Iceland sits above it. It peaked in 2020 and has fallen 15% since. Over the last decade (2012–2022) the figure moved down 4%.
Key figures
Latest (2022)
7.31%
First (1990)
4.26%
Change
+71.6%
Highest
8.58%
in 2020
Lowest
4.26%
in 1990
Average
6.87%
Annual growth (CAGR)
1.70%
Years of data
30
Recent years
| Year | % of GDP |
|---|---|
| 2022 | 7.31% |
| 2021 | 8.23% |
| 2020 | 8.58% |
| 2019 | 7.6% |
| 2018 | 7.56% |
| 2017 | 7.58% |
| 2016 | 7.43% |
| 2015 | 7.46% |
| 2014 | 7.64% |
| 2013 | 7.45% |
| 2012 | 7.58% |
| 2011 | 6.79% |
Reading this correctly. Total general government expenditure on education, expressed as a percentage of GDP. Includes both current and capital spending. Figures are in % of GDP. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
SE.XPD.TOTL.GD.ZS — Government Education Spending (% of GDP). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.