In 2023, Norway led global secondary education expenditure at 2.35% of GDP, despite a slight 0.21% decrease from 2022. Chile, showing remarkable growth with a 0.62% increase, reached 2.13%. Colombia's expenditure slightly decreased by 0.23%, closing at 2.12%. Portugal and Greece marked significant decreases, with -1.71% and -1.15% variations respectively. Sweden experienced marginal growth, while Luxembourg's expenditure declined by 0.84% to 1.67%. Over five years, the compound annual growth rate for these countries would reflect overall restrained but stable investment trends across secondary education.
Future trends indicate potential shifts towards increased spending to boost educational quality, influenced by rising global educational standards and technological integration in learning environments. Additionally, economic variances and governmental policies will heavily impact expenditure allocations.
Top countries in Secondary Education Expenditure by Country
| # | 7 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 2.35 | 2023 | -0.4% | -0.21% | View data |
| 2 | 2 Chile | 2.13 | 2023 | +1.02% | +0.62% | View data |
| 3 | 3 Colombia | 2.12 | 2023 | +0.13% | -0.23% | View data |
| 4 | 4 Portugal | 2.11 | 2023 | -1.78% | -1.71% | View data |
| 5 | 5 Sweden | 2.03 | 2023 | +0.27% | +0.0085% | View data |
| 6 | 6 Luxembourg | 1.67 | 2023 | -0.38% | -0.84% | View data |
| 7 | 7 Greece | 1.42 | 2023 | -0.92% | -1.15% | View data |
