The forecasted data on household spending on tertiary education in Chile indicates a gradual decline from 2024 to 2028, with year-on-year values decreasing from 53.95% in 2024 to 51.75% in 2028. The average annual variation between 2024 and 2028 shows a consistent downward trend, reflecting a conservative decrease in household expenditure on tertiary education during these years.
Year-on-year, the household spending on tertiary education decreases by:
- 2024 to 2025: approximately -1.06%
- 2025 to 2026: approximately -1.05%
- 2026 to 2027: approximately -1.02%
- 2027 to 2028: approximately -1.01%
The compound annual growth rate (CAGR) over this five-year period indicates an average annual decline of approximately -1.03%.
Future trends to watch for include the potential impact of government policies on financial aid, changes in student demographics, and shifting priorities towards alternative educational pathways, which could further influence household spending patterns in tertiary education.
