Expenditure per student; primary (% of GDP per capita) in Iceland

The Expenditure per student; primary (% of GDP per capita) in Iceland was reported at 26.81 in 2008, according to the World Bank. Public expenditure per student is the public current spending on education divided by the total number of students by level, as a percentage of GDP per capita. Public expenditure (current and capital) includes government spending on educational institutions (both public and private), education administration as well as subsidies for private entities (students/households and other privates entities).This page includes a historical data chart, news and forecasts for Expenditure per student; primary (% of GDP per capita) in Iceland. Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. The economy depends heavily on the fishing industry, which provides 40% of export earnings and employs 5% of the work force. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, with new developments in software production, biotechnology, and tourism.

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