The analysis of global tertiary education expenditure from public sources as a percentage of GDP in 2023 shows Norway leading with 1.91%, followed by Austria and Sweden. The most significant year-on-year increases were observed in Norway, Switzerland, and South Africa, while Ireland and Latvia experienced the steepest declines. The five-year CAGR highlights that several countries have encountered varied growth patterns, with fluctuations more pronounced in European and Latin American countries. The consistency in education investment in Norway and slow decreases in Hungary and Ireland emphasize regional differences in educational prioritization.
Future trends to watch include the impact of evolving economic conditions on public education budgets, shifts in governmental policy priorities, and the increasing demand for higher education. Additionally, potential advancements in technology and remote learning may alter funding requirements and allocations across these countries.
Top countries in Tertiary Education Expenditure from Public Sources by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 1.91 | 2023 | +1.06% | +1.11% | View data |
| 2 | 2 Austria | 1.52 | 2023 | -0.52% | -0.45% | View data |
| 3 | 3 Sweden | 1.3 | 2023 | -0.28% | -0.22% | View data |
| 4 | 4 Belgium | 1.29 | 2023 | +0.43% | +0.39% | View data |
| 5 | 5 Switzerland | 1.28 | 2023 | +0.69% | +0.84% | View data |
| 6 | 6 Estonia | 1.14 | 2023 | +0.28% | +0.36% | View data |
| 7 | 7 France | 1.12 | 2023 | -0.11% | -0.15% | View data |
| 8 | 8 Iceland | 1.06 | 2023 | -0.12% | +0.4% | View data |
| 9 | 9 Germany | 1.05 | 2023 | +0.36% | +0.27% | View data |
| 10 | 10 Czech Republic | 0.84 | 2023 | +0.11% | -1.54% | View data |
