The data reveals varying government expenditure on education expressed as a percentage of GDP, with the Federated States of Micronesia leading at 10.56% and Iran at the lower end with 3.14%. Recent year-on-year variations indicate significant expenditure increases in countries like Kazakhstan and Rwanda, while countries like Kenya and Ethiopia show marked declines. Over the past five years, such shifts highlight fluctuating budgeting priorities, reflecting political, economic, and demographic changes.
Future trends to watch include:
- A potential increase in expenditure in developing nations aiming to enhance educational outcomes and access.
- Potential budget contractions in economic downturns or re-prioritizations post-COVID-19.
- Growing emphasis on digital and STEM education initiatives driving spending adjustments.
Top countries in Government Expenditure on Education by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Federated States of Micronesia | 10.56 | 2023 | +0.05% | +1.72% | View data |
| 2 | 2 Israel | 8.69 | 2023 | +6.99% | +7.48% | View data |
| 3 | 3 Bolivia | 8.63 | 2023 | +0.73% | +1.48% | View data |
| 4 | 4 Bhutan | 8.24 | 2023 | +1.18% | +6.28% | View data |
| 5 | 5 Iceland | 8.02 | 2023 | +0.39% | +1.17% | View data |
| 6 | 6 Kyrgyzstan | 7.96 | 2023 | -0.005% | +7.46% | View data |
| 7 | 7 Sweden | 6.81 | 2023 | -0.00037% | -2.26% | View data |
| 8 | 8 Lesotho | 6.77 | 2023 | +5.19% | -1.46% | View data |
| 9 | 9 Cape Verde | 6.59 | 2023 | +5.9% | +6.59% | View data |
| 10 | 10 Denmark | 6.41 | 2023 | +0.077% | -1.73% | View data |
