Iceland Education Spending 1990-2021

General government expenditure on education (current, capital, and transfers) is expressed as a percentage of total general government expenditure on all sectors (including health, education, social services, etc.). It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.
  • Iceland education spending for 2017 was 17.69%, a 0.85% increase from 2016.
  • Iceland education spending for 2016 was 16.84%, a 1.32% decline from 2015.
  • Iceland education spending for 2015 was 18.16%, a 0.61% increase from 2014.
  • Iceland education spending for 2014 was 17.55%, a 0.12% decline from 2013.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Education Spending (% of GDP)
Chile 21.31%
Andorra 18.96%
Hong Kong 17.84%
Iceland 17.69%
New Zealand 16.66%
Norway 16.01%
Cyprus 15.87%
Sweden 15.80%
Israel 15.72%
Switzerland 15.58%
Denmark 15.26%
Uruguay 14.94%
United Kingdom 14.19%
Australia 13.61%
Macao 13.48%
Ireland 13.47%
Malta 13.47%
Argentina 13.26%
San Marino 13.10%
Barbados 12.88%
Estonia 12.75%
Belgium 12.49%
Netherlands 12.19%
Slovenia 12.02%
Latvia 11.97%
Finland 11.87%
Lithuania 11.82%
Poland 11.06%
Portugal 11.06%
Germany 11.04%
Austria 10.95%
Spain 10.23%
Hungary 10.07%
Czech Republic 9.90%
Slovak Republic 9.76%
France 9.68%
Croatia 8.66%
Qatar 8.56%
Luxembourg 8.53%
Japan 8.38%
Italy 8.31%
Bermuda 7.77%
Bahrain 7.18%
Monaco 6.98%
Iceland Education Spending - Historical Data
Year Education Spending (% of GDP) Annual Change
2017 17.69% 0.85%
2016 16.84% -1.32%
2015 18.16% 0.61%
2014 17.55% -0.12%
2013 17.67% 0.34%
2012 17.33% 1.91%
2011 15.42% 0.81%
2010 14.60% -0.56%
2009 15.16% 2.13%
2008 13.03% -4.18%
2007 17.22% -0.71%
2006 17.93% 0.12%
2005 17.81% 1.00%
2004 16.81% 0.43%
2003 16.38% -0.71%
2002 17.09% 0.88%
2001 16.21% 0.47%
2000 15.74% 0.17%
1999 15.57% -1.13%
1998 16.71% 4.02%
1996 12.69% 1.66%
1995 11.03% -0.24%
1994 11.27% -0.64%
1993 11.91% 0.33%
1990 11.58% 0.33%