Expenditure on education as % of GDP or public expenditure in Iceland
Iceland: Expenditure on education as % of GDP or public expenditure was 7.4% in 2011. ▲ Rising
Latest (2011)
7.4%
Change on year
down 3.2%
World rank
4th
of 42 countries
All-time high
7.8%
in 2009
All-time low
4.9%
in 1995
Years of data
17
1995–2011
Expenditure on education as % of GDP or public expenditure in Iceland, 1995–2011
Source: Eurostat. Measured in Percentage.
Analysis
In 2011, expenditure on education as % of gdp or public expenditure in Iceland stood at 7.4%.
That represents a change of down 3.2% on the previous year and up 17.9% over ten years.
Over the whole period, expenditure on education as % of gdp or public expenditure in Iceland peaked at 7.8% in 2009 and was at its lowest, 4.9%, in 1995.
That places Iceland 4th out of 42 countries with data for 2011, putting it in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Expenditure on education as % of GDP or public expenditure in Iceland, year by year
| Year | Percentage | Change |
|---|---|---|
| 1995 | 4.9% | — |
| 1996 | 5.4% | +11.5% |
| 1997 | 5.5% | +1.8% |
| 1998 | 5.9% | +6.5% |
| 1999 | 5.8% | -1.9% |
| 2000 | 5.9% | +2.6% |
| 2001 | 6.2% | +5.2% |
| 2002 | 6.8% | +8.8% |
| 2003 | 7.7% | +13.4% |
| 2004 | 7.5% | -3.0% |
| 2005 | 7.6% | +1.6% |
| 2006 | 7.5% | -0.5% |
| 2007 | 7.4% | -2.5% |
| 2008 | 7.6% | +2.7% |
| 2009 | 7.8% | +3.3% |
| 2010 | 7.6% | -2.7% |
| 2011 | 7.4% | -3.2% |
Iceland compared with similar countries
- Iceland's 7.4% is above the median for Europe & Central Asia, which is 5.2%, 1.4× the median. (31 countries reporting)
- Iceland's 7.4% is above the median for high income countries, which is 5.2%, 1.4× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.5% | 4.9% | 5.9% | 5 |
| 2000s | 7.2% | 5.9% | 7.8% | 10 |
| 2010s | 7.5% | 7.4% | 7.6% | 2 |
Countries ranked near Iceland
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)
Frequently asked questions
- What is expenditure on education as % of gdp or public expenditure in Iceland?
- Expenditure on education as % of gdp or public expenditure in Iceland was 7.4% in 2011, according to Eurostat.
- What is the highest expenditure on education as % of gdp or public expenditure recorded in Iceland?
- The highest recorded value was 7.8% in 2009.
- What is the lowest expenditure on education as % of gdp or public expenditure recorded in Iceland?
- The lowest recorded value was 4.9% in 1995.
- How does Iceland rank for expenditure on education as % of gdp or public expenditure?
- Iceland ranks 4th out of 42 countries with data for 2011.
- Is expenditure on education as % of gdp or public expenditure rising or falling in Iceland?
- Over the last ten years it is up 17.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Expenditure on education as % of GDP or public expenditure (1991-2011). Statizoid updates them automatically from the source API.
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