In 2023, Chile led in global tertiary education expenditure as a percentage of GDP at 2.58%, while Russia was the lowest at 0.78%. From 2022 to 2023, Colombia experienced the highest growth rate at 4.19%, contrasting with significant declines in Hungary and Russia. Over the past five years, Outlook for various countries varies, with several European nations experiencing a decrease in expenditure. Key trends include fluctuating investments possibly driving disparities in education quality.
Future trends in global tertiary education expenditure point to continued digital integration, potential shifts in funding priorities, and policy adaptation to demographic changes impacting funding needs by 2030.
Top countries in Tertiary Education Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 2.58 | 2023 | +0.9% | +1.58% | View data |
| 2 | 2 Canada | 2.16 | 2023 | -0.67% | -1.47% | View data |
| 3 | 3 United Kingdom | 2.09 | 2023 | +0.84% | +0.59% | View data |
| 4 | 4 Netherlands | 1.71 | 2023 | +0.42% | +0.42% | View data |
| 5 | 5 Sweden | 1.55 | 2023 | -0.13% | -0.12% | View data |
| 6 | 6 Mexico | 1.41 | 2023 | +0.53% | -0.16% | View data |
| 7 | 7 Germany | 1.31 | 2023 | +0.67% | +1.09% | View data |
| 8 | 8 Latvia | 1.27 | 2023 | -0.26% | +1.25% | View data |
| 9 | 9 Colombia | 1.15 | 2023 | -3.37% | +4.19% | View data |
| 10 | 10 Czech Republic | 1.1 | 2023 | -0.25% | -1.61% | View data |
