In 2023, Iceland led global general government expenditure on education relative to GDP, followed by Costa Rica and Sweden. Recent variations highlight significant year-on-year decreases for Denmark, Chile, and Ireland, signaling potential reallocation or economic challenges affecting educational spending. Countries like the UK and Germany showed increased investment, suggesting a commitment to strengthening their educational systems.
Future trends will likely focus on how economies adjust to shifting global education demands. Watch for increased investment in digital education tools and initiatives, potential budget reallocations due to economic pressures, and evolving education policy priorities in response to global trends.
Top countries in General Government Expenditure on Education by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 7.27 | 2023 | +2.63% | +0.76% | View data |
| 2 | 2 Costa Rica | 6.93 | 2023 | -1.62% | -2.03% | View data |
| 3 | 3 Sweden | 6.62 | 2023 | +4.36% | -0.8% | View data |
| 4 | 4 Israel | 6.44 | 2023 | -0.28% | -1.95% | View data |
| 5 | 5 Belgium | 6.29 | 2023 | +0.39% | +0.26% | View data |
| 6 | 6 Estonia | 5.89 | 2023 | +1.33% | -1.02% | View data |
| 7 | 7 Australia | 5.74 | 2023 | +0.042% | -0.58% | View data |
| 8 | 8 Slovenia | 5.62 | 2023 | -0.39% | +0.88% | View data |
| 9 | 9 Finland | 5.54 | 2023 | -0.32% | -0.017% | View data |
| 10 | 10 United Kingdom | 5.45 | 2023 | +0.34% | +1.91% | View data |
