The data from 2023 highlights significant variations in private education expenditure relative to GDP, with Australia leading at 2.1%. Countries such as Colombia and Spain have witnessed increases, indicating a growing reliance on private sources for education funding. Conversely, Canada and Russia experienced negative growth, with Russia facing the most substantial decline. Over the past five years, the Compound Annual Growth Rate (CAGR) will likely show little change in most countries due to minor year-over-year variations.
Future trends to watch include:
- The impact of economic changes on private education funding, particularly in European countries with lower expenditures.
- Technological advancements and their integration into education systems potentially altering cost structures.
- Policy reforms aimed at increasing public funding may influence the degree of private sector involvement across different regions.
Top countries in Primary to Tertiary Education Expenditure from Private Sources by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 2.1 | 2023 | +1.21% | +1.51% | View data |
| 2 | 2 Colombia | 1.63 | 2023 | -0.81% | +7.72% | View data |
| 3 | 3 Canada | 1.4 | 2023 | +0.19% | -0.42% | View data |
| 4 | 4 New Zealand | 1.23 | 2023 | -2.57% | -4.12% | View data |
| 5 | 5 Japan | 1.12 | 2023 | -0.33% | -0.23% | View data |
| 6 | 6 Spain | 0.9 | 2023 | +1.83% | +1.58% | View data |
| 7 | 7 Portugal | 0.64 | 2023 | -3.81% | -3.54% | View data |
| 8 | 8 Germany | 0.57 | 2023 | -0.035% | +0.6% | View data |
| 9 | 9 Poland | 0.55 | 2023 | -0.073% | +0.013% | View data |
| 10 | 10 Ireland | 0.48 | 2023 | +0.45% | -0.54% | View data |
