In 2023, Germany had the highest government expenditure on tertiary education among the countries listed, followed by Australia and Japan. Growth in investment was notable in countries like Romania and Denmark with year-on-year increases of over 3%. Conversely, Japan and Greece experienced slight declines. Interestingly, many Eastern European countries showed strong growth, while larger economies maintained stable investment rates. The compound annual growth rate (CAGR) further highlights the consistent investment in education by countries like the Netherlands and Switzerland over the past five years, indicating a focus on enhancing higher education infrastructures.
Future trends to watch include potential increases in spending by Eastern European nations as they continue to expand their educational capacities, while traditional leaders like Germany and Australia may focus on qualitative improvements. Factors such as technological integration and international student influx could play significant roles in shaping expenditure patterns globally.
Top countries in Government Expenditures on Tertiary Education Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.7 | 2023 | +1.39% | +1.19% | View data |
| 2 | 2 Australia | 11.93 | 2023 | +1.89% | +1.61% | View data |
| 3 | 3 Japan | 9.8 | 2023 | -0.14% | -0.3% | View data |
| 4 | 4 France | 8.36 | 2023 | +1.81% | +2.25% | View data |
| 5 | 5 United Kingdom | 7.78 | 2023 | +0.77% | +0.49% | View data |
| 6 | 6 Poland | 6.37 | 2023 | +1.75% | +2.71% | View data |
| 7 | 7 Netherlands | 5.33 | 2023 | +1.66% | +1.72% | View data |
| 8 | 8 Spain | 4.23 | 2023 | +0.76% | +1.22% | View data |
| 9 | 9 Switzerland | 3.18 | 2023 | +2.05% | +2.38% | View data |
| 10 | 10 Italy | 3.13 | 2023 | +0.42% | +1.15% | View data |
