European Union vs Iceland: Adjusted savings: education expenditure
Adjusted savings: education expenditure over time
- European Union
- Iceland
How they compare
Iceland currently reports 7.2% against 4.6% in European Union, a difference of 2.6%.
That makes Iceland's figure about 1.6 times European Union's.
The two have swapped places 6 times across 52 shared years of data; in 1970 it was Iceland ahead.
European Union ranks 11th and Iceland ranks 14th of 47 groups.
Across the 6 decades both report, European Union averaged higher in 1 and Iceland in 5.
Head to head by decade
| Decade | European Union | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.9% | 4.1% | 0.2% | Iceland |
| 1980s | 4.3% | 4.1% | 0.2% | European Union |
| 1990s | 4.5% | 4.8% | 0.3% | Iceland |
| 2000s | 4.6% | 7.0% | 2.4% | Iceland |
| 2010s | 4.7% | 7.6% | 2.9% | Iceland |
| 2020s | 4.6% | 7.2% | 2.6% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher adjusted savings: education expenditure, European Union or Iceland?
- Iceland, at 7.2% against 4.6% in European Union as of 2021.
- What is the difference in adjusted savings: education expenditure between European Union and Iceland?
- 2.6%, with Iceland ahead.
- How many years of comparable data are there for European Union and Iceland?
- 52 years are reported by both, from 1970 to 2021.
- How do European Union and Iceland rank globally for adjusted savings: education expenditure?
- European Union ranks 11th and Iceland ranks 14th of 47 groups.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Adjusted savings: education expenditure (% of GNI). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.