Iceland spent most on schools

According to a new report from the OECD, running pre-schools and elementary schools in Iceland costs more than in any other member country – this despite that fact that school staff earn just 70 percent as much as the average school worker in the OECD.

The head of Iceland’s association of local authorities told RUV that given the country’s ongoing financial problems, it is essential for local governments to agree to cutting the cost of education further.

The OECD (Organisation for Economic Co-operation and Development) publishes an annual report on the state of education among its 33 member states. The new report works on figures from 2007 and 2008. Iceland has since cut back its spending on all public services, including schools.

The report reveals that Iceland spends (Spent) a higher proportion of its GDP on pre-schools and elementary schools than any other OECD country. It also reveals that teachers in Iceland only earn 70 percent of the OECD average teachers’ wage.

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