In 2023, Sweden led the analyzed countries, allocating 4.03% of its GDP to education, while Slovakia dedicated 2.57%. Portugal (3.32%) and Slovakia (2.57%) experienced increases with 1.24% and 0.5% growth, respectively. Colombia's allocation decreased by 1.05% to 2.89% GDP. Estonia (2.7%) and Greece (2.59%) also saw declines of 1.87% and 0.29%, respectively. Over the past five years, the compound annual growth rate indicates varying investment trends among these countries, with some increasing their commitment and others reducing theirs.
Future trends to watch include the push for increased efficiency in education spending, the influence of digital transformation in education, and the potential impact of economic fluctuations on government budget allocations to education. Holistic collaboration between government, private, and tech sectors may spur innovation in education funding and outcomes.
Top countries in Primary to Post-Secondary Non-Tertiary Education Expenditure from Public Sources by Country
| # | 6 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 4.03 | 2023 | +0.47% | +0.28% | View data |
| 2 | 2 Portugal | 3.32 | 2023 | -0.29% | +0.041% | View data |
| 3 | 3 Colombia | 2.89 | 2023 | -1.09% | -1.05% | View data |
| 4 | 4 Estonia | 2.7 | 2023 | -1.19% | -1.87% | View data |
| 5 | 5 Greece | 2.59 | 2023 | -0.15% | -0.29% | View data |
| 6 | 6 Slovakia | 2.57 | 2023 | +0.52% | +0.5% | View data |
