There are more people in Iceland studying at university per capita than Norway or Denmark, as revealed in the 2006 Nordic book of statistics.
In 2000, 10.5 percent of all Icelanders between 20 and 40 were university students. In 2004, the percentage had increased to 15 percent, Morgunbladid reported.
Finland has the most university students compared to the other Nordic countries, with 19 to 20 percent of all Finns in the aforementioned age group enrolled to university.
According to the statistics, Icelanders tend to choose a subject within social sciences, economies or law and nearly half of Icelandic students study abroad, mostly in Denmark.