In 2023, Cyprus led European education nominal expenditure in GDP percentage, with notable year-on-year growth. The UK and Iceland also showed positive variations, whereas Denmark and Greece experienced declines. Bulgaria had a significant increase, while Norway saw the steepest decline. The forecast for 2024 indicates a potential continuation of these trends, with expected variations influenced by economic conditions, government policies, and demographic shifts across Europe.
Future trends to watch for European education expenditure include the impact of technological advancements in education, demographic changes such as aging populations, and evolving governmental priorities on education funding. Countries may prioritize educational investments differently, influencing expenditure patterns.
Top countries in Education Nominal Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 7.3 | 2023 | -1.35% | +1.73% | View data |
| 2 | 2 United Kingdom | 6.2 | 2023 | 0% | +1% | View data |
| 3 | 3 Iceland | 6.1 | 2023 | +1.67% | +0.33% | View data |
| 4 | 4 Belgium | 6.1 | 2023 | 0% | +0.33% | View data |
| 5 | 5 Sweden | 5.9 | 2023 | 0% | -1.3% | View data |
| 6 | 6 Latvia | 5.3 | 2023 | 0% | +1.17% | View data |
| 7 | 7 Montenegro | 5.3 | 2023 | +10.42% | +1.58% | View data |
| 8 | 8 Austria | 5.2 | 2023 | +1.96% | +0.39% | View data |
| 9 | 9 Portugal | 5 | 2023 | +2.04% | +1.68% | View data |
| 10 | 10 Macedonia | 5 | 2023 | +11.11% | +1.68% | View data |
