How does Iceland rank for adjusted savings: education expenditure (current us$), per unit of gdp?

Iceland ranks 15th out of 194 countries with data for 2021.

Is adjusted savings: education expenditure (current us$), per unit of gdp rising or falling in Iceland?

Over the last ten years it is up 4.4%. The long-run trend across the full record is rising.

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

Name: Adjusted savings: education expenditure (current US$), per unit of GDP in Iceland
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Iceland: Adjusted savings: education expenditure (current US$), per unit of GDP was 0.0666 current US$ per US$ of GDP in 2021. ▲ Rising

Latest (2021)

0.0666 current US$ per US$ of GDP

Change on year

down 2.8%

World rank

15th

of 194 countries

All-time high

0.0714 current US$ per US$ of GDP

in 2017

All-time low

0.0383 current US$ per US$ of GDP

in 1984

Years of data

1970–2021

Adjusted savings: education expenditure (current US$), per unit of GDP in Iceland, 1970–2021

Source: Statizoid (derived). Measured in current US$ per US$ of GDP.

Analysis

In 2021, adjusted savings: education expenditure (current us$), per unit of gdp in Iceland stood at 0.0666 current US$ per US$ of GDP.

The figure is down 2.8% on the previous year and up 4.4% over ten years.

Over the whole period, adjusted savings: education expenditure (current us$), per unit of gdp in Iceland peaked at 0.0714 current US$ per US$ of GDP in 2017 and was at its lowest, 0.0383 current US$ per US$ of GDP, in 1984.

That places Iceland 15th out of 194 countries with data for 2021, putting it in the top 10%.

The long-run direction has been consistently rising across the 52 years of available data.

Adjusted savings: education expenditure (current US$), per unit of GDP in Iceland, year by year

Annual values for Adjusted savings: education expenditure (current US$), per unit of GDP in Iceland, 1970 to 2021.
Year	current US$ per US$ of GDP	Change
1970	0.0399 current US$ per US$ of GDP	—
1971	0.04 current US$ per US$ of GDP	+0.2%
1972	0.0399 current US$ per US$ of GDP	-0.4%
1973	0.0399 current US$ per US$ of GDP	+0.1%
1974	0.0399 current US$ per US$ of GDP	-0.1%
1975	0.0394 current US$ per US$ of GDP	-1.0%
1976	0.0394 current US$ per US$ of GDP	-0.2%
1977	0.0395 current US$ per US$ of GDP	+0.4%
1978	0.0394 current US$ per US$ of GDP	-0.4%
1979	0.0394 current US$ per US$ of GDP	-0.1%
1980	0.0393 current US$ per US$ of GDP	-0.1%
1981	0.0391 current US$ per US$ of GDP	-0.7%
1982	0.0388 current US$ per US$ of GDP	-0.6%
1983	0.0385 current US$ per US$ of GDP	-0.8%
1984	0.0383 current US$ per US$ of GDP	-0.6%
1985	0.0385 current US$ per US$ of GDP	+0.6%
1986	0.0388 current US$ per US$ of GDP	+0.7%
1987	0.0392 current US$ per US$ of GDP	+1.1%
1988	0.0391 current US$ per US$ of GDP	-0.2%
1989	0.0387 current US$ per US$ of GDP	-1.0%
1990	0.0388 current US$ per US$ of GDP	+0.2%
1991	0.0425 current US$ per US$ of GDP	+9.7%
1992	0.0427 current US$ per US$ of GDP	+0.4%
1993	0.0458 current US$ per US$ of GDP	+7.3%
1994	0.0417 current US$ per US$ of GDP	-9.0%
1995	0.0428 current US$ per US$ of GDP	+2.6%
1996	0.045 current US$ per US$ of GDP	+5.2%
1997	0.048 current US$ per US$ of GDP	+6.6%
1998	0.0621 current US$ per US$ of GDP	+29.6%
1999	0.0546 current US$ per US$ of GDP	-12.1%
2000	0.0545 current US$ per US$ of GDP	-0.3%
2001	0.0579 current US$ per US$ of GDP	+6.4%
2002	0.0654 current US$ per US$ of GDP	+12.9%
2003	0.0677 current US$ per US$ of GDP	+3.6%
2004	0.0648 current US$ per US$ of GDP	-4.3%
2005	0.0655 current US$ per US$ of GDP	+1.0%
2006	0.0637 current US$ per US$ of GDP	-2.7%
2007	0.0633 current US$ per US$ of GDP	-0.6%
2008	0.0645 current US$ per US$ of GDP	+1.9%
2009	0.0666 current US$ per US$ of GDP	+3.3%
2010	0.0644 current US$ per US$ of GDP	-3.4%
2011	0.0638 current US$ per US$ of GDP	-0.8%
2012	0.0705 current US$ per US$ of GDP	+10.5%
2013	0.07 current US$ per US$ of GDP	-0.7%
2014	0.071 current US$ per US$ of GDP	+1.4%
2015	0.0697 current US$ per US$ of GDP	-1.8%
2016	0.07 current US$ per US$ of GDP	+0.3%
2017	0.0714 current US$ per US$ of GDP	+2.0%
2018	0.0699 current US$ per US$ of GDP	-2.1%
2019	0.0707 current US$ per US$ of GDP	+1.1%
2020	0.0686 current US$ per US$ of GDP	-3.0%
2021	0.0666 current US$ per US$ of GDP	-2.8%

Biggest year-on-year movements

Years where Adjusted savings: education expenditure (current US$), per unit of GDP in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

Year	Change	From	To
1998	+29.6%	0.048 current US$ per US$ of GDP	0.0621 current US$ per US$ of GDP

Averages by decade

Decade	Average	Lowest	Highest	Years
1970s	0.0397 current US$ per US$ of GDP	0.0394 current US$ per US$ of GDP	0.04 current US$ per US$ of GDP	10
1980s	0.0388 current US$ per US$ of GDP	0.0383 current US$ per US$ of GDP	0.0393 current US$ per US$ of GDP	10
1990s	0.0464 current US$ per US$ of GDP	0.0388 current US$ per US$ of GDP	0.0621 current US$ per US$ of GDP	10
2000s	0.0634 current US$ per US$ of GDP	0.0545 current US$ per US$ of GDP	0.0677 current US$ per US$ of GDP	10
2010s	0.0692 current US$ per US$ of GDP	0.0638 current US$ per US$ of GDP	0.0714 current US$ per US$ of GDP	10
2020s	0.0676 current US$ per US$ of GDP	0.0666 current US$ per US$ of GDP	0.0686 current US$ per US$ of GDP	2

Countries ranked near Iceland

12 New Zealand 0.0713 current US$ per US$ of GDP compare
13 Papua New Guinea 0.0674 current US$ per US$ of GDP compare
14 Saudi Arabia 0.0671 current US$ per US$ of GDP compare
16 Norway 0.0651 current US$ per US$ of GDP compare
17 Eswatini 0.064 current US$ per US$ of GDP compare
18 South Africa 0.0636 current US$ per US$ of GDP compare

See the full ranking of 194 places →

More economy & growth data for Iceland

Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)

All data for Iceland →

Frequently asked questions

What is adjusted savings: education expenditure (current us$), per unit of gdp in Iceland?: Adjusted savings: education expenditure (current us$), per unit of gdp in Iceland was 0.0666 current US$ per US$ of GDP in 2021, according to Statizoid (derived).
What is the highest adjusted savings: education expenditure (current us$), per unit of gdp recorded in Iceland?: The highest recorded value was 0.0714 current US$ per US$ of GDP in 2017.
What is the lowest adjusted savings: education expenditure (current us$), per unit of gdp recorded in Iceland?: The lowest recorded value was 0.0383 current US$ per US$ of GDP in 1984.
How does Iceland rank for adjusted savings: education expenditure (current us$), per unit of gdp?: Iceland ranks 15th out of 194 countries with data for 2021.
Is adjusted savings: education expenditure (current us$), per unit of gdp rising or falling in Iceland?: Over the last ten years it is up 4.4%. The long-run trend across the full record is rising.
Where does this Iceland data come from?: The figures come from Statizoid (derived), published as part of Adjusted savings: education expenditure (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

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

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How this figure is calculated

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.

Adjusted savings: education expenditure (current US$) ÷ GDP (current US$)

Computed from

Adjusted savings: education expenditure Staff estimates, World Bank (WB)
GDP Country official statistics, National Statistical Organizations and/or Central Banks

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

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: 27 September 2026

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.