In 2023, Albania led in terms of household expenditure on education relative to GDP, followed by Cyprus and the UK. Notably, there were increases in expenditure growth rates in Albania and the UK. However, countries like Hungary, Spain, and Serbia faced significant declines. The Czech Republic displayed the most considerable increase in expenditure growth rate. Overall, the expenditure varied significantly across Europe.
Future trends may include increases in digital education investments and shifts in educational priorities due to economic changes and innovations. Monitoring technological advancements and economic policies will be crucial for understanding future expenditure dynamics in education across Europe.
Top countries in Household Expenditure on Education by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Albania | 2.2 | 2023 | +4.76% | +2.98% | View data |
| 2 | 2 Cyprus | 2.1 | 2023 | +5% | 0% | View data |
| 3 | 3 United Kingdom | 1.6 | 2023 | 0% | +2.71% | View data |
| 4 | 4 Greece | 1.5 | 2023 | 0% | 0% | View data |
| 5 | 5 Malta | 1.1 | 2023 | 0% | 0% | View data |
| 6 | 6 Portugal | 1 | 2023 | 0% | -1.89% | View data |
| 7 | 7 Bosnia and Herzegovina | 1 | 2023 | 0% | 0% | View data |
| 8 | 8 Latvia | 0.9 | 2023 | 0% | -2.09% | View data |
| 9 | 9 Slovakia | 0.8 | 2023 | 0% | 0% | View data |
| 10 | 10 Bulgaria | 0.8 | 2023 | 0% | 0% | View data |
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