Iceland vs Norway: Adjusted savings: education expenditure (current US$), per unit of GDP

Iceland
0.0666 current US$ per US$ of GDP
in 2021
Norway
0.0651 current US$ per US$ of GDP
in 2021
Iceland rank
15th
Norway rank
16th

Adjusted savings: education expenditure (current US$), per unit of GDP over time

  • Iceland
  • Norway
00.020.040.060.08197019952021

How they compare

Iceland currently reports 0.0666 current US$ per US$ of GDP against 0.0651 current US$ per US$ of GDP in Norway, a difference of 0.0015 current US$ per US$ of GDP.

The two have swapped places 3 times across 52 shared years of data; in 1970 it was Norway ahead.

Iceland ranks 15th and Norway ranks 16th of 194 countries.

Across the 6 decades both report, Iceland averaged higher in 3 and Norway in 3.

Head to head by decade

Decade Iceland Norway Difference Ahead
1970s 0.0397 current US$ per US$ of GDP 0.0492 current US$ per US$ of GDP 0.0095 current US$ per US$ of GDP Norway
1980s 0.0388 current US$ per US$ of GDP 0.0498 current US$ per US$ of GDP 0.011 current US$ per US$ of GDP Norway
1990s 0.0464 current US$ per US$ of GDP 0.0651 current US$ per US$ of GDP 0.0187 current US$ per US$ of GDP Norway
2000s 0.0634 current US$ per US$ of GDP 0.0623 current US$ per US$ of GDP 0.0011 current US$ per US$ of GDP Iceland
2010s 0.0692 current US$ per US$ of GDP 0.0643 current US$ per US$ of GDP 0.0048 current US$ per US$ of GDP Iceland
2020s 0.0676 current US$ per US$ of GDP 0.0658 current US$ per US$ of GDP 0.0018 current US$ per US$ of GDP Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher adjusted savings: education expenditure (current us$), per unit of gdp, Iceland or Norway?
Iceland, at 0.0666 current US$ per US$ of GDP against 0.0651 current US$ per US$ of GDP in Norway as of 2021.
What is the difference in adjusted savings: education expenditure (current us$), per unit of gdp between Iceland and Norway?
0.0015 current US$ per US$ of GDP, with Iceland ahead.
How many years of comparable data are there for Iceland and Norway?
52 years are reported by both, from 1970 to 2021.
How do Iceland and Norway rank globally for adjusted savings: education expenditure (current us$), per unit of gdp?
Iceland ranks 15th and Norway ranks 16th of 194 countries.
Where does this data come from?
Statizoid (derived), published as Adjusted savings: education expenditure (current US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Norway: Adjusted savings: education expenditure (current US$), per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 28 September 2026, from https://economy.statizoid.com/compare/adjusted-savings-education-expenditure-current-us-per-unit-of-gdp/iceland/norway/

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About this data

Indicator
Adjusted savings: education expenditure (current US$), per unit of GDP
Unit
current US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
194 places, 8,330 data points, 1970–2021
Last refreshed

Adjusted savings: education expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.