In 2023, Colombia leads with the highest private expenditure on primary education as a percentage of GDP at 0.43%, despite a significant decline from previous years. Hungary shows substantial growth with a 20.04% year-on-year increase. Moderate growth is seen in Australia and Austria. Conversely, Slovenia, Italy, and the United States face declines, with Slovakia showing the steepest drop. Latvia experiences a notable rise, while the Netherlands and Luxembourg continue with smaller decrements.
Future trends to watch include:
- Potential recovery in countries experiencing downturns, possibly driven by policy changes or economic improvement.
- The impact of technological advancements and innovation in education on private spending patterns.
- Socio-economic factors influencing parental investment in primary education across various regions.
Top countries in Primary Education Expenditure from Private Sources by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Colombia | 0.43 | 2023 | -0.16% | -0.39% | View data |
| 2 | 2 Australia | 0.23 | 2023 | +0.48% | +0.58% | View data |
| 3 | 3 Hungary | 0.14 | 2023 | +4.51% | +20.04% | View data |
| 4 | 4 Slovenia | 0.13 | 2023 | -0.74% | -0.63% | View data |
| 5 | 5 Italy | 0.11 | 2023 | +2.1% | -3.23% | View data |
| 6 | 6 United States | 0.11 | 2023 | -1.24% | -0.8% | View data |
| 7 | 7 Latvia | 0.076 | 2023 | +4.5% | +5.82% | View data |
| 8 | 8 Slovakia | 0.048 | 2023 | -18.54% | -13.66% | View data |
| 9 | 9 Austria | 0.043 | 2023 | +1.6% | +1.81% | View data |
| 10 | 10 Luxembourg | 0.031 | 2023 | -4.56% | -4.37% | View data |
