In 2023, the largest share of global local government expenditures on education was allocated by Japan, making up 21.82 million USD PPP. South Korea followed with 14.02, and Germany and the UK both stood at around 10 million USD PPP. Among the European countries, Germany showed a significant increase, growing by 3.32%, while the UK experienced a slight decrease. Eastern European countries like the Czech Republic and Estonia observed higher growth rates, whereas Hungary presented a downturn in spending.
Future trends to monitor include shifts in spending due to educational policy changes in major economies like South Korea, Germany, and Japan. Technological advancements and increasing pressure on sustainable and inclusive education may shape the allocation of funds. Watch for impacts from global economic conditions and political shifts influencing local fiscal policies.
Top countries in Local Government Expenditures on Education Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 21.82 | 2023 | +0.55% | +0.55% | View data |
| 2 | 2 South Korea | 14.02 | 2023 | +1.97% | +1.91% | View data |
| 3 | 3 Germany | 10.28 | 2023 | +2.66% | +3.32% | View data |
| 4 | 4 United Kingdom | 10.26 | 2023 | -1.02% | -0.54% | View data |
| 5 | 5 France | 8.24 | 2023 | +1.65% | +2.58% | View data |
| 6 | 6 Netherlands | 6.38 | 2023 | +1.37% | +1.43% | View data |
| 7 | 7 Sweden | 5.09 | 2023 | +2.4% | +2.69% | View data |
| 8 | 8 Colombia | 3.71 | 2023 | +0.59% | +0.65% | View data |
| 9 | 9 Italy | 3.39 | 2023 | +0.46% | +1.09% | View data |
| 10 | 10 Czech Republic | 2.68 | 2023 | +3.07% | +4.44% | View data |
