The Global Education and Social Programmes Budget shows variability across countries. In 2023, Hungary led with a budget value of 12.21, followed by Iceland and Latvia. Notably, Hungary saw a significant 48.1% year-on-year increase while Poland and Switzerland witnessed substantial declines of 35.4% and 21.05%, respectively. Other countries like the Netherlands showcased a notable 19.87% rise.
Future trends to watch include potential shifts in Eastern European countries such as Hungary and Poland, where spending could be more volatile. Additionally, watch for changes in major economies like the United States and Japan, where relatively lower budget values may adjust as educational priorities evolve in 2024 and beyond.
Top countries in Education and Social Programmes Budget by Country
| # | 10 Countries | Percent of Civil GBARD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 12.21 | 2023 | -8.62% | +48.1% | View data |
| 2 | 2 Iceland | 9.04 | 2023 | -4.66% | +0.45% | View data |
| 3 | 3 Latvia | 8.87 | 2021 | +14.58% | View data | |
| 4 | 4 South Korea | 8.1 | 2023 | +2.14% | -2.9% | View data |
| 5 | 5 Norway | 7.63 | 2023 | +4.96% | -0.21% | View data |
| 6 | 6 Italy | 7.31 | 2023 | +0.85% | +0.67% | View data |
| 7 | 7 Romania | 7.02 | 2023 | +111.81% | -2.9% | View data |
| 8 | 8 Ireland | 6.96 | 2023 | -0.26% | +7.33% | View data |
| 9 | 9 Denmark | 6.66 | 2023 | +0.18% | -2.33% | View data |
| 10 | 10 Portugal | 6.48 | 2023 | +4.71% | -0.77% | View data |
