Verified Facts

Official NameIceland
CapitalReykjavik
Population391,810
Area103,000 km² (39,769 sq mi)
LanguagesIcelandic
CurrencyIcelandic króna (kr)
TimezoneUTC
RegionEurope / Northern Europe
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$84,257 (2024)
Inflation Rate5.9% (2024)
Health Spend per Capita$7,642 (2024)
Out-of-Pocket Health Spend14.9% (2024)
Education Spend (% GDP)7.3% (2022)
Source: World Bank Open Data

The cost of education in Iceland can range from free or subsidized for public schools to around $10,000-$20,000 per year for private schools, and university tuition fees can range from $400-$1,400 per year for local students to $6,000-$12,000 per year for international students.

Quick Facts

Education Spend (% GDP)7.3%
Literacy Rate99%
School System10 years of compulsory education
Academic Year9 months
CurrencyISK

Education System Overview

Iceland's education system is known for its high quality and emphasis on equality of opportunity. The country has a strong public education system, with most students attending public schools, which are free or subsidized. Private schools, on the other hand, are relatively rare and tend to be more expensive. The language of instruction is Icelandic, but many schools also offer English and other languages as part of their curriculum. Compulsory education in Iceland lasts for 10 years, from the age of 6 to 16, and is divided into primary and secondary education. International schools are available in Reykjavik, offering a range of curricula, including the International Baccalaureate (IB) and the British National Curriculum.

The quality of education in Iceland is generally high, with a strong focus on academic achievement and social development. Public schools are well-funded and well-equipped, with small class sizes and a high teacher-to-student ratio. Private schools, on the other hand, tend to be more expensive and may offer additional resources and facilities. International schools in Iceland are also known for their high quality and offer a range of curricula and programs to cater to the needs of expat students. Many international schools also offer bilingual education, with instruction in both Icelandic and English.

School Fees

School TypeAnnual Fee (USD)Notes
Public Primary$0 (free)High-quality education, small class sizes
Private Primary$5,000-$10,000Range of schools with varying fees and quality
Public Secondary$0 (free)Strong focus on academic achievement and social development
Private Secondary$8,000-$15,000Higher fees for private schools, with additional resources and facilities
International School$10,000-$20,000Range of curricula, including IB and British National Curriculum

University Tuition

Institution TypeAnnual Tuition - Local (USD)Annual Tuition - International (USD)Notes
Public University$400-$800$6,000-$8,000University of Iceland, Iceland University of the Arts
Private University$1,000-$2,000$8,000-$12,000Limited number of private universities, with higher fees
Top-Ranked University$600-$1,200$8,000-$12,000University of Iceland, ranked among the top universities in the world

Other Education Costs

ItemCost (USD)Notes
Preschool / Daycare (monthly)$500-$1,000Limited availability, high demand
Private Tutoring (per hour)$50-$100Range of tutors and subjects available
Language Course (monthly)$200-$500Icelandic language courses, as well as other languages
School Supplies (annual)$100-$300Basic supplies, including books and materials
School Uniform$100-$300Some schools require uniforms, while others do not

Education Quality & Tips

  • The University of Iceland is one of the top-ranked universities in the country, offering a range of programs in Icelandic and English.
  • International schools in Reykjavik offer a range of curricula, including the IB and British National Curriculum, and are a popular choice for expat families.
  • Scholarships are available for international students, including the Icelandic Government Scholarship, which covers tuition fees and living expenses.
  • Online learning options are limited in Iceland, but some universities offer online courses and degree programs.
  • The quality of education in Iceland is generally high, with a strong focus on academic achievement and social development.
  • Language support is available for international students, including Icelandic language courses and language support services.
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