Iceland vs OECD members: Adjusted savings: education expenditure
Adjusted savings: education expenditure over time
- Iceland
- OECD members
How they compare
Iceland currently reports 7.2% against 4.4% in OECD members, a difference of 2.8%.
That makes Iceland's figure about 1.6 times OECD members's.
The two have swapped places 5 times across 52 shared years of data; in 1970 it was OECD members ahead.
Iceland ranks 14th and OECD members ranks 15th of 200 countries.
Across the 6 decades both report, Iceland averaged higher in 4 and OECD members in 2.
Head to head by decade
| Decade | Iceland | OECD members | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.1% | 5.1% | 1.0% | OECD members |
| 1980s | 4.1% | 4.8% | 0.7% | OECD members |
| 1990s | 4.8% | 4.4% | 0.5% | Iceland |
| 2000s | 7.0% | 4.4% | 2.6% | Iceland |
| 2010s | 7.6% | 4.6% | 3.0% | Iceland |
| 2020s | 7.2% | 4.4% | 2.8% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher adjusted savings: education expenditure, Iceland or OECD members?
- Iceland, at 7.2% against 4.4% in OECD members as of 2021.
- What is the difference in adjusted savings: education expenditure between Iceland and OECD members?
- 2.8%, with Iceland ahead.
- How many years of comparable data are there for Iceland and OECD members?
- 52 years are reported by both, from 1970 to 2021.
- How do Iceland and OECD members rank globally for adjusted savings: education expenditure?
- Iceland ranks 14th and OECD members ranks 15th of 200 countries.
- 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.
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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.