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Public Spending on Education (As % of GDP) in Iceland

Source: World Bank
Last Updated: Dec 30, 2020

Public spending on education as a share of GDP reached 7.50 % in 2016 in Iceland, according to World Bank. This is 2.13 % less than in the previous year.

Historically, public spending on education as a share of GDP in Iceland reached an all time high of 7.69 % in 2014 and an all time low of 4.25 % in 1990. When compared to Iceland's main peers, public spending on education as a share of GDP in Norway amounted to 8.03 %, 7.62 % in Sweden and 5.43 % in United Kingdom in 2016.

Iceland has been ranked 4th within the group of 107 countries we follow in terms of public spending on education as a share of GDP, 2 places above the position seen 10 years ago.

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