Global General Government Expenditures on Education reveal significant variation by country. Israel leads with 7.13% of GDP, while Ireland is minimal at 2.73%. Between 2022 and 2023, notable increases in education spending are observed in Chile, Czech Republic, and Romania, while significant declines occurred in Ireland, Portugal, and Lithuania. The United Kingdom, Spain, and Italy also witnessed downward trends. Over the past five years, consistent investment emerges crucial for sustaining education quality, with countries like Chile and Slovakia demonstrating the most considerable growth.
Future trends to watch include potential educational policy shifts due to economic challenges in countries with declining expenditures and the impact of demographic changes on education funding priorities. Monitoring changes tied to technology integration and skill development in the educational landscape can also provide insights into government expenditure patterns.
Top countries in General Government Expenditures on Education by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 7.13 | 2023 | +0.42% | +0.084% | View data |
| 2 | 2 Sweden | 7.08 | 2023 | +0.57% | +0.55% | View data |
| 3 | 3 Iceland | 6.84 | 2023 | -0.58% | -0.55% | View data |
| 4 | 4 Belgium | 6.24 | 2023 | +0.16% | +0.13% | View data |
| 5 | 5 Denmark | 6.21 | 2023 | -0.48% | -0.57% | View data |
| 6 | 6 Estonia | 6.1 | 2023 | +0.33% | -0.32% | View data |
| 7 | 7 Chile | 5.95 | 2023 | +1.71% | +1.66% | View data |
| 8 | 8 Australia | 5.87 | 2023 | +0.17% | +0.068% | View data |
| 9 | 9 United States | 5.79 | 2023 | -0.52% | -0.58% | View data |
| 10 | 10 Latvia | 5.77 | 2023 | -0.17% | -0.21% | View data |
