Education spending in Iceland
Government spending on education in Iceland was equal to 7.3% of GDP in 2022. The value for 2022 is the lowest since 2011.
Iceland, 2022
7.3%
Change from 2021
−0.9percentage points
World, 2022
3.9%
Median of OECD (38 countries), 2022
5.1%
Position in 2022
11th of 164
Education spending in Iceland over time
View
Iceland
World
×
The chart loads when you scroll to it. The table below shows the same data.
The chart shows a calculation from the published values. The table below keeps the published values.
% of GDP. Source: World Bank, World Development Indicators. Gaps mean no published value; points are not joined across missing years.
| Period | Iceland | World |
|---|---|---|
| 2023 | – | 3.6% |
| 2022 | 7.3% | 3.9% |
| 2021 | 8.2% | 4.2% |
| 2020 | 8.6% | 4.3% |
| 2019 | 7.6% | 4.2% |
| 2018 | 7.6% | 4.2% |
| 2017 | 7.6% | 4.1% |
| 2016 | 7.4% | 4.2% |
| 2015 | 7.5% | 4.2% |
| 2014 | 7.6% | 4.2% |
| 2013 | 7.4% | 4.3% |
| 2012 | 7.6% | 4.0% |
| 2011 | 6.8% | 4.1% |
| 2010 | 6.9% | 4.2% |
| 2009 | 7.2% | 4.7% |
| 2008 | 7.0% | 4.2% |
| 2007 | 6.9% | 4.0% |
| 2006 | 7.2% | 4.0% |
| 2005 | 7.3% | 4.0% |
| 2004 | 7.2% | 3.9% |
| 2003 | 7.2% | 4.1% |
| 2002 | 7.3% | 3.9% |
| 2001 | 6.7% | 3.9% |
A dash means no value was published for that period.
In short
- That is a change of −0.9 percentage points from 8.2% in 2021.
- Since 2012, when it was 7.6%, the figure has changed by −0.3 percentage points.
- Among the 164 countries with data for 2022, Iceland has the 11th highest value.
- The figure for the world in 2022 was 3.9%.
More for Iceland
All statistics for Iceland
Tertiary education enrolment (gross)
76.5%
2023 · World Bank
Primary school enrolment (gross)
98.2%
2023 · World Bank
NEET rate, ages 15 to 29
4.2%
2025 · Eurostat
Tertiary education attainment, ages 25 to 34
44.8%
2025 · Eurostat
Early leavers from education and training
16.7%
2025 · Eurostat
Adult participation in learning
27.3%
2025 · Eurostat