In 2024, Norway leads Global Public Spending on Tertiary Education, with 90.48% of its education budget allocated to this sector. Austria follows closely with 87.94%, while Poland and Belgium also demonstrate substantial investment at 82.19% and 82.08% respectively. Conversely, Spain and Italy allocate a more moderate share of their education budgets to tertiary education, with 60.85% and 59.83% respectively, and Australia lags at 32.55%. Over the past year (2023), most countries have seen a decline in their spending, except for Poland, which slightly increased by 0.8%. According to a 5-year CAGR analysis, Italy and Australia have shown the most significant downward trends.
Future trends to watch include:
- Potential policy shifts in Norway and Austria that may influence their current leading positions in spending.
- Evolving economic conditions in Spain and Italy which might drive adjustments in their public spending strategies.
- Australia's relatively low investment suggests a need for strategic policy changes to boost its tertiary education sector.
Top countries in Public Spending on Tertiary Education by Country
| # | 7 Countries | Percent of Education Spending | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 90.48 | 2023 | -0.36% | -0.41% | View data |
| 2 | 2 Austria | 87.94 | 2023 | -0.47% | -0.34% | View data |
| 3 | 3 Poland | 82.19 | 2023 | +0.61% | +0.8% | View data |
| 4 | 4 Belgium | 82.08 | 2023 | -0.27% | -0.36% | View data |
| 5 | 5 Spain | 60.85 | 2023 | -1.22% | -1.22% | View data |
| 6 | 6 Italy | 59.83 | 2023 | -0.57% | -0.67% | View data |
| 7 | 7 Australia | 32.55 | 2023 | -1.59% | -1.32% | View data |
