Spending per student, primary to tertiary in Iceland

Spending per student, primary to tertiary in Iceland was 20,719 USD at PPP in 2023, according to the Organisation for Economic Co-operation and Development. That is up 7.9% from 2022. That is the 10th highest of 35 countries in 2022.

2023, USD at PPP20,719
Change on 2022+7.9%
Rank10th of 35Countries ranked
Series high20,7192023
Series low6,7692000

Spending per student, primary to tertiary in Iceland, 2000 to 2023

5,00010K15K20K25K2000200920122015201820232000: 6,769 USD at PPP2005: 9,085 USD at PPP2008: 10,222 USD at PPP2009: 9,884 USD at PPP2010: 8,823 USD at PPP2011: 9,072 USD at PPP2012: 9,569 USD at PPP2013: 10,044 USD at PPP2014: 10,766 USD at PPP2015: 11,520 USD at PPP2016: 12,413 USD at PPP2017: 13,737 USD at PPP2018: 14,522 USD at PPP2019: 15,801 USD at PPP2020: 15,812 USD at PPP2021: 16,504 USD at PPP2022: 19,193 USD at PPP2023: 20,719 USD at PPP
USD at PPP. Source: OECD, OECD Education at a Glance: total expenditure on educational institutions per full-time equivalent student, primary to tertiary, US dollars at current prices and PPPs (DSD_EAG_UOE_FIN@DF_UOE_INDIC_FIN_PERSTUD). Retrieved 2026-10-12, published 2026-10-12.
All 18 values
PeriodUSD at PPP
202320,719
202219,193
202116,504
202015,812
201915,801
201814,522
201713,737
201612,413
201511,520
201410,766
201310,044
20129,569
20119,072
20108,823
20099,884
200810,222
20059,085
20006,769

Rankings

Definition

Total expenditure on educational institutions from public, private and international sources per full-time equivalent student, primary to tertiary education (ISCED 2011 levels 1 to 8), in US dollars at current prices converted with purchasing power parities for GDP.

Includes research and development spending at universities. Countries do not report every year, and the latest year usually lags by about three years.

How to cite

OECD. OECD Education at a Glance: total expenditure on educational institutions per full-time equivalent student, primary to tertiary, US dollars at current prices and PPPs (DSD_EAG_UOE_FIN@DF_UOE_INDIC_FIN_PERSTUD). https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_EAG_UOE_FIN%40DF_UOE_INDIC_FIN_PERSTUD&df[ag]=OECD.EDU.IMEP. Accessed 2026-10-12. Data reuse terms and downstream attribution: https://www.oecd.org/en/about/terms-conditions.html

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Questions

What is the spending per student, primary to tertiary in Iceland?

Spending per student, primary to tertiary in Iceland was 20,719 USD at PPP in 2023, according to the Organisation for Economic Co-operation and Development. That is up 7.9% from 2022. That is the 10th highest of 35 countries in 2022.

Where does this figure come from?

Organisation for Economic Co-operation and Development. OECD Education at a Glance: total expenditure on educational institutions per full-time equivalent student, primary to tertiary, US dollars at current prices and PPPs (DSD_EAG_UOE_FIN@DF_UOE_INDIC_FIN_PERSTUD). Retrieved by Invokely on 2026-10-12.

What was the highest spending per student, primary to tertiary in Iceland?

20,719 USD at PPP in 2023, the highest value since 2000 in this series.

Spending per student, primary to tertiary in other countries

Related statistics for Iceland

All statistics for Iceland