Adjusted savings: education expenditure in Iceland
Iceland: Adjusted savings: education expenditure was 1.75 billion current US$ in 2021. ◆ Volatile
Adjusted savings: education expenditure in Iceland, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for adjusted savings: education expenditure in Iceland is 1.75 billion current US$, measured in 2021.
The figure is up 15.7% on the previous year and up 77.8% over ten years.
Over the whole period, adjusted savings: education expenditure in Iceland peaked at 1.86 billion current US$ in 2018 and was at its lowest, 21.78 million current US$, in 1970.
Iceland ranks 88th of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 62.89 million current US$ | 21.78 million current US$ | 116.26 million current US$ | 10 |
| 1980s | 160.87 million current US$ | 110.27 million current US$ | 247.09 million current US$ | 10 |
| 1990s | 351.25 million current US$ | 259.49 million current US$ | 536.70 million current US$ | 10 |
| 2000s | 897.98 million current US$ | 482.24 million current US$ | 1.39 billion current US$ | 10 |
| 2010s | 1.35 billion current US$ | 896.32 million current US$ | 1.86 billion current US$ | 10 |
| 2020s | 1.63 billion current US$ | 1.51 billion current US$ | 1.75 billion current US$ | 2 |
Countries ranked near Iceland
- 85 Cote d'Ivoire 2.16 billion current US$ compare
- 86 Azerbaijan 2.08 billion current US$ compare
- 87 Papua New Guinea 1.76 billion current US$ compare
- 89 Estonia 1.74 billion current US$ compare
- 90 Panama 1.66 billion current US$ compare
- 91 Honduras 1.66 billion current US$ compare
More economy & growth data for Iceland
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
- Taxes less subsidies on products 3.88 billion current US$ (2025)
- Net primary income (Net income from abroad) -40.83 billion current LCU (2024)
- Net primary income (Net income from abroad) -295.94 million current US$ (2024)
- GNI per capita 12.60 million current LCU (2025)
- GNI per capita, Atlas method 89,220 current US$ (2025)
- GNI 4.94 trillion current LCU (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Iceland?
- Adjusted savings: education expenditure in Iceland was 1.75 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Iceland?
- The highest recorded value was 1.86 billion current US$ in 2018.
- What is the lowest adjusted savings: education expenditure recorded in Iceland?
- The lowest recorded value was 21.78 million current US$ in 1970.
- How does Iceland rank for adjusted savings: education expenditure?
- Iceland ranks 88th out of 195 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Iceland?
- Over the last ten years it is up 77.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.