Iceland's current education expenditure, total (% of total expenditure in public institutions) was 94.26% in 2022, the latest year in the World Bank's World Development Indicators. That is up 0.03 percentage points from 94.23% in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 94.26% | 2022 |
| Five years earlier | 95.42% | 2017 |
| Ten years earlier | 94.23% | 2012 |
| Highest | 95.49% | 2020 |
| Lowest | 90.01% | 2006 |
| Average since 2013 | 94.68% | 2013–2022 |
| First recorded | 90.3% | 2004 |
What the numbers say
In 2022, Iceland's current education expenditure, total (% of total expenditure in public institutions) fell 0.61 percentage points on 2021 (from 94.87% to 94.26%).
Across the 17 yearly changes before that (2005 to 2021), the average change was +0.27 percentage points and a typical year strayed about 0.96 percentage points from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 1.68 percentage points in 2008 and the biggest yearly fall was 1.54 percentage points in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2013 to 2022 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2022, Iceland had the 8th highest value of the 35 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Iceland | 94.26% | 2022 |
| Europe & Central Asia | 92.1% | 2022 |
| High income | 92.34% | 2022 |
Closest to Iceland in the 2022 ranking
What this measures
Current expenditure is expressed as a percentage of direct expenditure in public educational institutions (instructional and non-instructional) of the specified level of education. Financial aid to students and other transfers are excluded from direct expenditure. Current expenditure is consumed within the current year and would have to be renewed if needed in the following year. It includes staff compensation and current expenditure other than for staff compensation (ex. on teaching materials, ancillary services and administration).
Limitations: The indicator depends on comprehensive and accurate data regarding government expenditure by type and nature of spending. In some cases, data on total government expenditure on education only includes the Ministry of Education, excluding other ministries that may also allocate part of their budget to educational services.
Regional and income-group figures are computed by the World Bank as a median.
All 19 values
| Year | Current education expenditure, total (% of total expenditure in public institutions) |
|---|---|
| 2022 | 94.26 |
| 2021 | 94.87 |
| 2020 | 95.49 |
| 2019 | 94.27 |
| 2018 | 93.89 |
| 2017 | 95.42 |
| 2016 | 95.47 |
| 2015 | 94.49 |
| 2014 | 93.88 |
| 2013 | 94.73 |
Current education expenditure, total (% of total expenditure in public institutions) in nearby economies
More education data for Iceland
- Primary school starting age (years) — 6 (2025)
- Primary education, duration (years) — 7 (2025)
- Lower secondary school starting age (years) — 13 (2025)
- Secondary education, duration (years) — 7 (2025)
- Primary education, pupils — 32,314 (2023)
- School enrollment, primary (% gross) — 98.22% (2023)
- School enrollment, tertiary (% gross) — 76.52% (2023)
- Secondary education, pupils — 37,056 (2023)
- School enrollment, secondary (% gross) — 108.91% (2023)
- School enrollment, tertiary (gross), gender parity index (GPI) — 1.52 (2023)
Reading data like this
Questions people ask
- What is Iceland's current education expenditure, total (% of total expenditure in public institutions)?
- 94.26% in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 2004?
- It is up 3.96 percentage points from 90.3% in 2004. The highest value was 95.49% in 2020 and the lowest 90.01% in 2006.
- How does Iceland rank?
- 8th highest of 35 economies with data for 2022.
- Is the latest change in current education expenditure, total (% of total expenditure in public institutions) unusual for Iceland?
Source
World Bank, World Development Indicators, indicator SE.XPD.CTOT.ZS, licensed CC BY 4.0. Original source: Data API, UN Educational, Scientific and Cultural Organization (UNESCO), uri: https://databrowser.uis.unesco.org/resources, note: The data are obtained through the UIS API. Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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