Iceland: Education spending, percent of government spending

The latest value from 2022 is 14.9 percent, a decline from 15.41 percent in 2021. In comparison, the world average is 13.94 percent, based on data from 113 countries. Historically, the average for Iceland from 1998 to 2022 is 15.81 percent. The minimum value, 11.86 percent, was reached in 2008 while the maximum of 18.73 percent was recorded in 2002. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: 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.