In 2023, Colombia led globally in tertiary education expenditure from private sources, with 0.71% of GDP. Israel and Mexico followed with 0.68% and 0.67%, respectively. European nations like Italy, Belgium, and Austria showed lower contributions, ranging from 0.34% to 0.21%. Luxembourg recorded the lowest at 0.024%. Year-on-year, Colombia experienced a robust increase of 30.23%, while Slovenia saw a decline of -2.07%. Other countries maintained moderate growth. Over five years, the CAGR varied, highlighting dynamic shifts in educational investments.
Future trends to watch include potential increases in private funding prompted by technological advancements and rising demand for higher education, especially in emerging economies. Observing policies that promote private sector involvement will be crucial.
Top countries in Tertiary Education Expenditure from Private Sources by Country
| # | 9 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Colombia | 0.71 | 2023 | -2.02% | +30.23% | View data |
| 2 | 2 Israel | 0.68 | 2023 | +0.21% | +0.72% | View data |
| 3 | 3 Mexico | 0.67 | 2023 | +2.77% | +1.99% | View data |
| 4 | 4 Italy | 0.34 | 2023 | +0.78% | +1.05% | View data |
| 5 | 5 Austria | 0.22 | 2023 | +3.74% | +3.91% | View data |
| 6 | 6 Belgium | 0.21 | 2023 | +1.13% | +0.53% | View data |
| 7 | 7 Sweden | 0.19 | 2023 | +0.82% | +1.25% | View data |
| 8 | 8 Slovenia | 0.1 | 2023 | -3.43% | -2.07% | View data |
| 9 | 9 Luxembourg | 0.024 | 2023 | +0.45% | +0.67% | View data |
