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Iceland - Education Spending 2021

Name: Iceland Education Spending 2021
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Government expenditure on education as % of GDP · World Bank

8.21% −0.37% from 2020 Global rank: 161st

Iceland's education spending was 8.21% in 2021, decreased +0.37% from 8.58% in 2020. This was the 161st highest globally.

Global Ranking - 2021▾

Education Spending by Country - 2021
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.00%	10.3%
2nd	Nigeria	0.38%	6.2%
3rd	Papua New Guinea	0.71%	-20.5%
4th	Indonesia	1.03%	1.6%
5th	Haiti	1.24%	11.6%
6th	Cayman Islands	1.31%	-9.8%
7th	Monaco	1.42%	22.5%
8th	Sri Lanka	1.51%	-3.3%
9th	Pakistan	1.69%	-18.0%
10th	Bahrain	1.85%	-10.1%
11th	Lao PDR	1.86%	-2.9%
12th	Central African Republic	1.87%	-12.7%
13th	Mauritania	1.89%	5.0%
14th	Bermuda	1.95%	11.3%
15th	Cambodia	1.96%	-12.7%
16th	Guinea	2.04%	-16.6%
17th	Bangladesh	2.17%	1.5%
18th	Comoros	2.27%	-4.3%
19th	Angola	2.30%	-13.9%
20th	Andorra	2.38%	-9.5%
21st	Liberia	2.42%	13.5%
22nd	Antigua and Barbuda	2.51%	-16.5%
23rd	Uganda	2.64%	2.5%
24th	Congo, Democratic Republic of	2.66%	1.4%
25th	Gabon	2.70%	-20.5%
26th	Armenia	2.77%	2.3%
27th	St. Kitts and Nevis	2.78%	-10.4%
28th	Singapore	2.82%	5.1%
29th	Cameroon	2.85%	-8.2%
30th	Chad	2.89%	5.4%
31st	Ireland	2.90%	-9.0%
32nd	Viet Nam	2.95%	-8.4%
33rd	Timor-Leste	2.97%	-18.6%
34th	Thailand	2.98%	-5.4%
35th	Trinidad and Tobago	3.00%	-29.4%
36th	Albania	3.01%	-9.6%
37th	British Virgin Islands	3.02%	11.8%
38th	Gambia, The	3.04%	5.5%
39th	Bahamas, The	3.05%	-17.9%
40th	Guatemala	3.09%	-6.2%
41st	Benin	3.10%	6.8%
42nd	San Marino	3.11%	-9.2%
43rd	Zambia	3.11%	-21.0%
44th	Tanzania	3.12%	-3.6%
45th	Jordan	3.14%	-11.7%
46th	Serbia	3.15%	-9.0%
47th	Madagascar	3.20%	-1.7%
48th	Congo, Republic of	3.31%	-21.5%
49th	Romania	3.32%	-7.4%
50th	Côte d'Ivoire	3.33%	-12.1%
51st	Japan	3.34%	0.9%
52nd	Ghana	3.40%	-0.3%
53rd	Paraguay	3.41%	-13.3%
54th	Türkiye	3.54%	-12.3%
55th	El Salvador	3.58%	-2.3%
56th	Dominican Republic	3.58%	-20.7%
57th	Georgia	3.59%	-5.6%
58th	Aruba	3.62%	-18.4%
59th	Ecuador	3.65%	-14.4%
60th	Azerbaijan	3.70%	-14.5%
61st	Panama	3.71%	-13.8%
62nd	Luxembourg	3.72%	-3.5%
63rd	Puerto Rico (US)	3.73%	-13.0%
64th	Niger	3.82%	0.1%
65th	Turkmenistan	3.85%	2.3%
66th	Philippines	3.87%	0.4%
67th	Turks and Caicos Islands	3.89%	57.8%
68th	United Arab Emirates	3.89%	-2.3%
69th	Peru	3.93%	-7.8%
70th	Palau	3.94%	13.6%
71st	Russian Federation	3.99%	-0.5%
72nd	Hong Kong SAR, China	4.00%	-9.2%
73rd	Nicaragua	4.09%	-10.8%
74th	Grenada	4.09%	14.9%
75th	Croatia	4.09%	-7.2%
76th	Suriname	4.13%	-9.9%
77th	Uzbekistan	4.14%	-6.9%
78th	Bosnia and Herzegovina	4.14%	37.0%
79th	Italy	4.17%	-5.6%
80th	Togo	4.23%	3.5%
81st	Mexico	4.24%	-5.8%
82nd	Lithuania	4.24%	-5.2%
83rd	Malaysia	4.26%	8.9%
84th	Mali	4.36%	10.3%
85th	Tajikistan	4.38%	-14.7%
86th	Kazakhstan	4.39%	-1.4%
87th	Nepal	4.43%	4.3%
88th	Uruguay	4.46%	-1.8%
89th	Barbados	4.50%	16.4%
90th	Belarus	4.61%	-5.3%
91st	Maldives	4.61%	-21.1%
92nd	Poland	4.62%	-3.8%
93rd	India	4.63%	7.8%
94th	Czechia	4.65%	0.6%
95th	Argentina	4.65%	-11.8%
96th	Mauritius	4.67%	7.3%
97th	Hungary	4.68%	12.8%
98th	Bulgaria	4.71%	5.0%
99th	Slovak Republic	4.72%	-0.1%
100th	Canada	4.75%	-2.9%
101st	Latvia	4.77%	-4.6%
102nd	Portugal	4.77%	-1.9%
103rd	European Union	4.79%	-2.8%
104th	Spain	4.81%	-0.8%
105th	Fiji	4.85%	-16.4%
106th	Seychelles	4.87%	16.2%
107th	Korea	4.87%	1.3%
108th	Burundi	4.87%	-8.5%
109th	Kenya	4.89%	-3.1%
110th	Malta	4.93%	2.7%
111th	Chile	5.00%	-11.2%
112th	Switzerland	5.04%	-4.5%
113th	Cyprus	5.08%	-8.7%
114th	Macao SAR, China	5.11%	-20.1%
115th	Ukraine	5.14%	-4.5%
116th	Nauru	5.16%	-12.6%
117th	Tonga	5.16%	2.3%
118th	Kyrgyz Republic	5.17%	-9.9%
119th	Estonia	5.22%	-4.2%
120th	Samoa	5.22%	15.8%
121st	Burkina Faso	5.25%	0.7%
122nd	Eswatini	5.29%	-0.7%
123rd	Australia	5.34%	-0.8%
124th	Germany	5.37%	-2.7%
125th	Netherlands	5.38%	1.6%
126th	Slovenia	5.39%	-0.5%
127th	France	5.42%	-4.3%
128th	United States	5.42%	0.5%
129th	West Bank and Gaza	5.43%	15.1%
130th	Austria	5.48%	-1.8%
131st	Brazil	5.50%	-4.8%
132nd	Algeria	5.51%	-11.0%
133rd	São Tomé and Principe	5.54%	10.2%
134th	New Zealand	5.55%	-1.8%
135th	Rwanda	5.59%	67.7%
136th	Sierra Leone	5.60%	4.6%
137th	Senegal	5.61%	-1.3%
138th	Jamaica	5.63%	4.7%
139th	Morocco	5.64%	-10.2%
140th	Dominica	5.72%	21.7%
141st	Moldova	5.82%	-11.8%
142nd	St. Lucia	5.86%	62.1%
143rd	Honduras	5.88%	-3.5%
144th	United Kingdom	5.91%	8.6%
145th	Belize	5.96%	14.4%
146th	Cabo Verde	6.15%	-13.2%
147th	Israel	6.17%	-5.1%
148th	Curaçao	6.18%	-13.1%
149th	Costa Rica	6.25%	-5.7%
150th	Mozambique	6.34%	2.8%
151st	Belgium	6.38%	-5.5%
152nd	South Africa	6.56%	6.2%
153rd	Finland	6.59%	-1.4%
154th	Bhutan	6.60%	20.6%
155th	Tunisia	6.68%	-8.1%
156th	Denmark	6.96%	-5.8%
157th	Norway	6.96%	-16.9%
158th	Sweden	7.60%	-4.4%
159th	Kuwait	7.76%	24.3%
160th	Bolivia, Plurinational State of	7.96%	-5.6%
161st	Iceland	8.21%	-4.4%
162nd	Solomon Islands	8.33%	-13.6%
163rd	Cuba	9.39%	-18.6%
164th	Vanuatu	10.11%	365.1%
165th	Namibia	10.39%	12.0%
166th	Kiribati	13.99%	-13.8%
167th	Marshall Islands	15.18%	9.7%
168th	Tuvalu	15.52%	6.6%

FAQ

What was Iceland's education spending in 2021?▾

Iceland's education spending in 2021 was 8.21%. This ranked 161st globally.

How did Iceland's education spending change in 2021?▾

Iceland's education spending decreased by 4.4% in 2021 compared to 2020.

Which country had the highest education spending in 2021?▾

Tuvalu had the highest education spending in 2021 at 15.52%.

What is the education spending of Iceland in 2021?▾

The education spending of Iceland in 2021 was 8.21%. This ranked 161st globally.

How does 2021 compare to 2020 for Iceland's education spending?▾

Iceland's education spending went from 8.58% in 2020 to 8.21% in 2021, a 4.4% decrease.

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