In 2023, public spending on tertiary education in Chile stood at a specific value. For the forecasted years, public spending is expected to show consistent growth, rising from 48.95 in 2024 to 54.17 by 2028. This indicates a continued commitment to investing in higher education, with year-on-year percentage increases remarkable. From 2024 to 2025, an increase of approximately 2.75% is observed, followed by a 2.60% rise from 2025 to 2026, a 2.50% from 2026 to 2027, and finally, about a 2.4% increase from 2027 to 2028. The compound annual growth rate (CAGR) over this period is approximately 2.56%.
Future trends to watch for include:
- Changes in government policy that could accelerate or decelerate spending. - Demographic shifts impacting the demand for tertiary education.- Global economic conditions that may influence the national budget allocation.- Technological advancements and their integration into higher education.