{"entity":{"iso2":"IS","iso3":"ISL","name":"Iceland","slug":"iceland"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"share-edu-spending-gdp-vs-share-edu-total-spending","source":"UNESCO Institute for Statistics (2026) \u2013 with minor processing by Our World in Data","source_url":"https://ourworldindata.org/grapher/share-edu-spending-gdp-vs-share-edu-total-spending","title":"Share of GDP spent on education vs. share of government spending assigned to education","unit":"%"},"observations":[{"date":"1990-01-01","value":11.5011},{"date":"1993-01-01","value":11.8314},{"date":"1994-01-01","value":11.1971},{"date":"1995-01-01","value":10.9567},{"date":"1996-01-01","value":12.603},{"date":"1998-01-01","value":16.5978},{"date":"1999-01-01","value":14.1739},{"date":"2000-01-01","value":14.3476},{"date":"2001-01-01","value":14.1418},{"date":"2002-01-01","value":16.0566},{"date":"2003-01-01","value":15.1596},{"date":"2004-01-01","value":15.339},{"date":"2005-01-01","value":16.3081},{"date":"2006-01-01","value":16.047},{"date":"2007-01-01","value":15.5191},{"date":"2008-01-01","value":11.1003},{"date":"2009-01-01","value":13.4196},{"date":"2010-01-01","value":14.2312},{"date":"2011-01-01","value":13.436},{"date":"2012-01-01","value":15.8849},{"date":"2013-01-01","value":16.2047},{"date":"2014-01-01","value":16.6743},{"date":"2015-01-01","value":17.1551},{"date":"2016-01-01","value":16.0048},{"date":"2017-01-01","value":17.0772},{"date":"2018-01-01","value":17.2492},{"date":"2019-01-01","value":17.4432},{"date":"2020-01-01","value":16.798},{"date":"2021-01-01","value":16.591},{"date":"2022-01-01","value":15.655}],"summary":{"latest_period":"2022-01-01","latest_value":15.655,"max":17.4432,"mean":14.8901,"min":10.9567,"of":194,"rank":54,"trend":"rising"}}