In 2023, the education expenditure as a percentage of total government spending varied significantly by country, with Sierra Leone at the highest, allocating 34.41%, and Ecuador at the lower end with 10%. Key insights include consistent increases with countries like Iran, Uzbekistan, and Tajikistan, while others like Burkina Faso, Chile, and Liberia experienced declines. Noticeable year-on-year changes were seen in Azerbaijan (9.86% increase) and notable decreases in Mongolia (13.28%).
Future trends to watch: Countries with higher investments in education, like Sierra Leone and Iran, could shift towards innovation-led improvements. Monitoring economic circumstances in countries experiencing declines is necessary to understand future funding decisions. Enhanced data-driven approaches and sustainable economic growth could influence government priorities in education spending.
Top countries in Government Expenditure on Education by Country
| # | 10 Countries | Percent of Government Expenses | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sierra Leone | 34.41 | 2023 | +1.3% | +1.01% | View data |
| 2 | 2 Nicaragua | 23.99 | 2023 | +1.23% | +1.06% | View data |
| 3 | 3 Ethiopia | 23.23 | 2023 | +0.99% | +0.21% | View data |
| 4 | 4 Iran | 22.87 | 2023 | +0.53% | +1.58% | View data |
| 5 | 5 Senegal | 22 | 2023 | -0.74% | +0.42% | View data |
| 6 | 6 Burkina Faso | 21.49 | 2023 | -2.12% | -1.05% | View data |
| 7 | 7 Uzbekistan | 21.42 | 2023 | -1.97% | -0.37% | View data |
| 8 | 8 Kyrgyzstan | 20.64 | 2023 | +0.35% | +0.49% | View data |
| 9 | 9 Burundi | 20.6 | 2023 | -0.17% | +1.09% | View data |
| 10 | 10 Kazakhstan | 20.42 | 2023 | +1.3% | +2.66% | View data |
