Education, Ratio of this level of government's expenditure on this in Iceland
Iceland: Education, Ratio of this level of government's expenditure on this was 0.3542 in 2020. ▼ Falling
Education, Ratio of this level of government's expenditure on this in Iceland, 1998–2020
Source: International Monetary Fund.
Analysis
Iceland recorded 0.3542 for education, ratio of this level of government's expenditure on this in 2020.
That represents a change of up 0.3% on the previous year and down 5.4% over ten years.
Over the whole period, education, ratio of this level of government's expenditure on this in Iceland peaked at 0.4532 in 1998 and was at its lowest, 0.3444, in 2018.
That places Iceland 43rd out of 60 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Education, Ratio of this level of government's expenditure on this in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 0.4532 | — |
| 1999 | 0.4461 | -1.6% |
| 2000 | 0.4297 | -3.7% |
| 2001 | 0.4083 | -5.0% |
| 2002 | 0.3966 | -2.9% |
| 2003 | 0.4129 | +4.1% |
| 2004 | 0.411 | -0.5% |
| 2005 | 0.3739 | -9.0% |
| 2006 | 0.3731 | -0.2% |
| 2007 | 0.3747 | +0.4% |
| 2008 | 0.3807 | +1.6% |
| 2009 | 0.3811 | +0.1% |
| 2010 | 0.3746 | -1.7% |
| 2011 | 0.3702 | -1.2% |
| 2012 | 0.3813 | +3.0% |
| 2013 | 0.4063 | +6.5% |
| 2014 | 0.3632 | -10.6% |
| 2015 | 0.3762 | +3.6% |
| 2016 | 0.3773 | +0.3% |
| 2017 | 0.3652 | -3.2% |
| 2018 | 0.3444 | -5.7% |
| 2019 | 0.3533 | +2.6% |
| 2020 | 0.3542 | +0.3% |
Iceland compared with similar countries
- Iceland's 0.3542 is below the median for high income countries, which is 0.5914, 60% of the median. (36 countries reporting)
- Iceland's 0.3542 is below the median for Europe & Central Asia, which is 0.7346, 48% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4497 | 0.4461 | 0.4532 | 2 |
| 2000s | 0.3942 | 0.3731 | 0.4297 | 10 |
| 2010s | 0.3712 | 0.3444 | 0.4063 | 10 |
| 2020s | 0.3542 | 0.3542 | 0.3542 | 1 |
Countries ranked near Iceland
More public sector data for Iceland
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
- Tax revenue 23.2% (2023)
- Capital stock, General government, Current prices, Domestic currency 1,595 (2019)
- Taxes on income, profits and capital gains 34.6% (2023)
- Capital stock, General government, Constant prices, Percent of GDP 51.25 (2019)
- Capital stock, General government, Constant prices, Purchasing power 10.26 (2019)
- Taxes on goods and services 35.2% (2023)
Frequently asked questions
- What is education, ratio of this level of government's expenditure on this in Iceland?
- Education, ratio of this level of government's expenditure on this in Iceland was 0.3542 in 2020, according to International Monetary Fund.
- What is the highest education, ratio of this level of government's expenditure on this recorded in Iceland?
- The highest recorded value was 0.4532 in 1998.
- What is the lowest education, ratio of this level of government's expenditure on this recorded in Iceland?
- The lowest recorded value was 0.3444 in 2018.
- How does Iceland rank for education, ratio of this level of government's expenditure on this?
- Iceland ranks 43rd out of 60 countries with data for 2020.
- Is education, ratio of this level of government's expenditure on this rising or falling in Iceland?
- Over the last ten years it is down 5.4%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Education, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.