The Global Primary to Post-Secondary Non-Tertiary Education Expenditure data for 2023 reveals a varied landscape. Israel leads with a 5.07% GDP allocation, showing a notable year-on-year increase of 0.96%. Other countries like Chile and Portugal have also seen positive increases at 0.79% and 0.39%, respectively. On the contrary, Lithuania faces the largest decline at -2.6%, followed by Luxembourg and Slovenia with declines of over -1%. Notably, major economies like the U.S. and Germany show moderate reductions in expenditure, hinting at potential constraints in budget allocation.
Future trends to watch include the impact of digital transformation and the potential prioritization of educational spending in light of economic recovery needs post-pandemic. Additionally, demographic shifts and the ongoing demand for skilled labor may influence further adjustments in education budgets across these nations.
Top countries in Primary to Post-Secondary Non-Tertiary Education Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 5.07 | 2023 | +1.02% | +0.96% | View data |
| 2 | 2 Chile | 4.36 | 2023 | +1.23% | +0.79% | View data |
| 3 | 3 New Zealand | 4.32 | 2023 | -0.74% | -0.61% | View data |
| 4 | 4 Belgium | 4.06 | 2023 | -0.35% | -0.31% | View data |
| 5 | 5 Colombia | 3.91 | 2023 | -0.43% | -0.39% | View data |
| 6 | 6 Portugal | 3.89 | 2023 | +0.079% | +0.39% | View data |
| 7 | 7 France | 3.68 | 2023 | -0.19% | -0.17% | View data |
| 8 | 8 Finland | 3.56 | 2023 | -0.41% | -0.28% | View data |
| 9 | 9 United States | 3.4 | 2023 | -0.57% | -0.58% | View data |
| 10 | 10 Italy | 3.17 | 2023 | +0.4% | -0.15% | View data |
