Public expenditure on education by education level and programme in Iceland
Iceland: Public expenditure on education by education level and programme was 1.7% in 2023. ▲ Rising
Public expenditure on education by education level and programme in Iceland, 2012–2023
Source: Eurostat. Measured in Percentage of gross domestic product (GDP).
Analysis
The most recent figure for public expenditure on education by education level and programme in Iceland is 1.7%, measured in 2023.
The figure is down 1.2% on the previous year and up 16.7% over ten years.
Over the whole period, public expenditure on education by education level and programme in Iceland peaked at 1.9% in 2020 and was at its lowest, 1.4%, in 2016.
That places Iceland 1st out of 41 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 12 years of available data.
Public expenditure on education by education level and programme in Iceland, year by year
| Year | Percentage of gross domestic product (GDP) | Change |
|---|---|---|
| 2012 | 1.5% | — |
| 2013 | 1.4% | -5.9% |
| 2014 | 1.5% | +6.9% |
| 2015 | 1.4% | -7.1% |
| 2016 | 1.4% | -0.7% |
| 2017 | 1.5% | +5.6% |
| 2018 | 1.6% | +4.0% |
| 2019 | 1.6% | +1.3% |
| 2020 | 1.9% | +17.1% |
| 2021 | 1.8% | -1.6% |
| 2022 | 1.7% | -6.6% |
| 2023 | 1.7% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.5% | 1.4% | 1.6% | 8 |
| 2020s | 1.8% | 1.7% | 1.9% | 4 |
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)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2006 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 19,720 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.17 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 25.76 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 2.53 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
Frequently asked questions
- What is public expenditure on education by education level and programme in Iceland?
- Public expenditure on education by education level and programme in Iceland was 1.7% in 2023, according to Eurostat.
- What is the highest public expenditure on education by education level and programme recorded in Iceland?
- The highest recorded value was 1.9% in 2020.
- What is the lowest public expenditure on education by education level and programme recorded in Iceland?
- The lowest recorded value was 1.4% in 2016.
- How does Iceland rank for public expenditure on education by education level and programme?
- Iceland ranks 1st out of 41 countries with data for 2023.
- Is public expenditure on education by education level and programme rising or falling in Iceland?
- Over the last ten years it is up 16.7%. 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 Public expenditure on education by education level and programme orientation - as % of GDP. Statizoid updates them automatically from the source API.
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