Government expenditure on education in Iceland 2000-2020

Published by Statista Research Department, Nov 11, 2022
Government spending on education in Iceland has decreased since 2005, when it was at 8.2 percent of the Gross Domestic Product (GDP). Spending has been between 7.5 and 7.0 percent since 2010, but grew to 7.7 percent in 2020. That year, Iceland spent the highest share of its GDP on education in Europe.

Government expenditure on education in Iceland from 2000 to 2020 (percentage of GDP)

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Source

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Release date

November 2022

Region

Iceland

Survey time period

2000 to 2020

Supplementary notes

Government expenditure by COFOG (UNSD classification of functions of government, replicated in ESA2010) function and type notified by national authorities in Table 11 of the ESA 2010 transmission program.
General government sector defined in ESA 2010 (paragraph 2.111) as including "institutional units which are non-market producers whose output is intended for individual and collective consumption, and are financed by compulsory payments made by units belonging to other sectors, and institutional units principally engaged in the redistribution of national income and wealth".
The data refers to the Eurostat Database Statistic, online data code GOV_10A_EXP.

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