In 2023, Japan led global local government expenditures on education with $147.47 billion USD PPP, closely followed by South Korea. Germany and the United Kingdom also had significant contributions, though the UK witnessed a slight decrease compared to the prior year. Countries like the Czech Republic and Israel showcased remarkable growth with 4.44% and 3.24% year-on-year increases, respectively. Meanwhile, Hungary and Romania saw declines in their educational spend.
Future trends worth observing include:
- The potential for increased investments in Asian countries, particularly Japan and South Korea, due to their consistently high spending levels.
- Opportunities for European countries to enhance educational expenditure, given the varied growth rates observed in recent years.
- Monitoring Hungary and Romania for measures that may reverse the current negative trend will be essential.
Top countries in Local Government Expenditures on Education by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 147,470 | 2023 | +0.55% | +0.55% | View data |
| 2 | 2 South Korea | 94,720 | 2023 | +1.97% | +1.91% | View data |
| 3 | 3 Germany | 69,500 | 2023 | +2.66% | +3.32% | View data |
| 4 | 4 United Kingdom | 69,310 | 2023 | -1.02% | -0.54% | View data |
| 5 | 5 France | 55,720 | 2023 | +1.65% | +2.58% | View data |
| 6 | 6 Netherlands | 43,090 | 2023 | +1.37% | +1.43% | View data |
| 7 | 7 Sweden | 34,390 | 2023 | +2.4% | +2.69% | View data |
| 8 | 8 Colombia | 25,060 | 2023 | +0.59% | +0.65% | View data |
| 9 | 9 Italy | 22,920 | 2023 | +0.46% | +1.09% | View data |
| 10 | 10 Czech Republic | 18,140 | 2023 | +3.07% | +4.44% | View data |
