Iceland: Government expenditure on education, total (% of GDP)
In , Iceland's Government expenditure on education, total (% of GDP) was 7.31.
That's down 11.2% from 2021, the highest value since .
The global average for this indicator in 2022 was 4.24 .
Source: World Bank Open Data (SE.XPD.TOTL.GD.ZS) • Data as of 2022
Trend (2006–2022)
Highlights
- Peak
- 8.58
- Trough
- 6.79
- 1-year change
- -11.2%
- 5-year change
- -3.6%
- -0.7% / yr
- 10-year change
- -3.6%
- -0.4% / yr
Historical Data — Last 10 Years
| Year | Government expenditure on education, total (% of GDP) |
|---|---|
| 7.3080 | |
| 8.2266 | |
| 8.5838 | |
| 7.6013 | |
| 7.5635 | |
| 7.5839 | |
| 7.4322 | |
| 7.4580 | |
| 7.6414 | |
| 7.4487 |
About Government expenditure on education, total (% of GDP)
General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.
Indicator code: SE.XPD.TOTL.GD.ZS • Category: Education
Frequently asked questions
- What was Iceland's Government expenditure on education, total (% of GDP) in 2022?
- In 2022, Iceland's Government expenditure on education, total (% of GDP) was 7.31, according to World Bank Open Data.
- Is Iceland's Government expenditure on education, total (% of GDP) rising or falling?
- Iceland's Government expenditure on education, total (% of GDP) fell 11.2% from 2021 to 2022.
- How does Iceland's Government expenditure on education, total (% of GDP) compare to the world average?
- The global average for Government expenditure on education, total (% of GDP) in 2022 was 4.24, so Iceland is above the world average.
- What is Government expenditure on education, total (% of GDP) and how is it measured?
- General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.
Source: World Bank Open Data (SE.XPD.TOTL.GD.ZS), CC BY 4.0.