In 2023, Australia led global private spending on tertiary education, with 66.13% of total education spending. Canada and Mexico followed, at 50.03% and 43.07% respectively. Over the last year, variations were notable in Denmark (+3.53%), Luxembourg (+1.5%), and France (+0.88%), whereas Colombia (-1.94%), Estonia (-2.26%), and Slovenia (-1.29%) witnessed declines. The overall Compound Annual Growth Rate (CAGR) over the past five years indicates diverse trends by country, with dynamically changing proportions of private spending on tertiary education.
Future trends to watch include potential increases in private spending in emerging economies, driven by growing middle-class incomes and demand for higher-quality education. Conversely, European countries with already low private spending proportions might see further stabilization or declines as government funding policies evolve.
Top countries in Private Spending on Tertiary Education by Country
| # | 10 Countries | Percent of Education Spending | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 66.13 | 2023 | +0.45% | +0.28% | View data |
| 2 | 2 Canada | 50.03 | 2023 | +1.03% | +0.97% | View data |
| 3 | 3 Mexico | 43.07 | 2023 | +1.94% | +0.3% | View data |
| 4 | 4 Latvia | 31.62 | 2023 | +0.18% | +0.19% | View data |
| 5 | 5 Netherlands | 29.42 | 2023 | +0.17% | +0.37% | View data |
| 6 | 6 France | 22.66 | 2023 | +0.9% | +0.88% | View data |
| 7 | 7 Colombia | 18.37 | 2023 | -11.21% | -1.94% | View data |
| 8 | 8 Estonia | 15.66 | 2023 | -1.08% | -2.26% | View data |
| 9 | 9 Germany | 15.5 | 2023 | +0.61% | +0.88% | View data |
| 10 | 10 Denmark | 14.38 | 2023 | +3.86% | +3.53% | View data |
