Iceland | Adjusted savings: education expenditure (% of GNI)

Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. Limitations and exceptions: Public education expenditures are considered an addition to savings. However, because of the wide variability in the effectiveness of public education expenditures, these figures cannot be construed as the value of investments in human capital. A current expenditure of $1 on education does not necessarily yield $1 of human capital. The calculation should also consider private education expenditure, but data are not available for a large number of countries.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source
Iceland | Adjusted savings: education expenditure (% of GNI)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 4.1
1971 4.1
1972 4.1
1973 4.1
1974 4.1
1975 4.1
1976 4.1
1977 4.1
1978 4.1
1979 4.1
1980 4.1
1981 4.1
1982 4.1
1983 4.1
1984 4.1
1985 4.1
1986 4.1
1987 4.1
1988 4.1
1989 4.1
1990 4.1
1991 4.4638172
1992 4.4638172
1993 4.8
1994 4.4
1995 4.5
1996 4.7
1997 4.9657839
1998 6.4390798
1999 5.65
2000 5.73
2001 6.06
2002 6.6
2003 6.91
2004 6.79
2005 7.01
2006 7.04
2007 6.86
2008 8.36
2009 8.34
2010 8.06
2011 7.65
2012 8.18039986
2013 7.44258978
2014 7.58545282
2015 7.46188372
2016 7.44164286
2017 7.46709726
2018 7.48076933
2019 7.17038861
2020 7.17038861
2021 7.17038861
2022

Iceland | Adjusted savings: education expenditure (% of GNI)

Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. Limitations and exceptions: Public education expenditures are considered an addition to savings. However, because of the wide variability in the effectiveness of public education expenditures, these figures cannot be construed as the value of investments in human capital. A current expenditure of $1 on education does not necessarily yield $1 of human capital. The calculation should also consider private education expenditure, but data are not available for a large number of countries.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source