Faroe Islands Education Spending 2012-2024

General government expenditure on education (current, capital, and transfers) is expressed as a percentage of total general government expenditure on all sectors (including health, education, social services, etc.). It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.
  • Faroe Islands education spending for 2020 was 14.36%, a 1.05% decline from 2019.
  • Faroe Islands education spending for 2019 was 15.41%, a 1.95% decline from 2018.
  • Faroe Islands education spending for 2018 was 17.36%, a 0.12% increase from 2017.
  • Faroe Islands education spending for 2017 was 17.25%, a 0.99% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Education Spending (% of GDP)
Hong Kong 20.62%
Puerto Rico 19.44%
Saudi Arabia 19.06%
Curacao 16.41%
Uruguay 16.36%
Greenland 16.25%
Israel 15.60%
Iceland 15.28%
New Zealand 14.44%
Australia 14.43%
Faroe Islands 14.36%
Estonia 14.35%
Switzerland 14.24%
Latvia 13.76%
Sweden 13.64%
British Virgin Islands 13.16%
Cyprus 12.99%
Malta 12.79%
United States 12.65%
Macao 12.30%
Bermuda 12.29%
Oman 12.21%
Lithuania 12.03%
Denmark 11.94%
Argentina 11.92%
Kuwait 11.91%
Singapore 11.91%
Trinidad and Tobago 11.77%
UAE 11.71%
Turks and Caicos Islands 11.62%
Barbados 11.49%
Ireland 11.33%
Bahamas 11.24%
Slovenia 11.22%
Belgium 11.19%
St. Kitts and Nevis 11.12%
Netherlands 11.02%
Czech Republic 10.77%
Poland 10.66%
United Kingdom 10.56%
Luxembourg 10.55%
Panama 10.24%
Finland 10.23%
Portugal 10.15%
Norway 10.14%
Slovak Republic 10.07%
Canada 10.00%
Croatia 9.98%
Bahrain 9.37%
Qatar 9.32%
Hungary 9.18%
Germany 9.18%
Seychelles 9.17%
Andorra 8.99%
Antigua and Barbuda 8.94%
Austria 8.89%
Spain 8.89%
Italy 7.47%
Greece 7.46%
Japan 7.31%
San Marino 5.79%
Faroe Islands Education Spending - Historical Data
Year Education Spending (% of GDP) Annual Change
2020 14.36% -1.05%
2019 15.41% -1.95%
2018 17.36% 0.12%
2017 17.25% 0.99%
2016 16.26% 0.37%
2015 15.88% -0.79%
2014 16.67% 1.08%
2013 15.60% 1.05%
2012 14.54% 1.05%