In 2023, global government expenditures on tertiary education saw varying trends across countries. Germany led with $38.9 billion, while Iceland spent the least at $0.28 billion. Notably, Romania (5.17%) and Luxembourg (3.14%) experienced the highest growth, whereas Japan (-0.3%) and Greece (-0.41%) saw reductions. Over five years, compounded annual growth showcases dynamic adjustments in educational budgeting across nations.
Future trends point towards increasing allocations in countries aiming to enhance their educational systems' competitive edge globally. It is crucial to monitor potential policy shifts focused on digital learning, international collaboration, and sustainable funding strategies to address evolving educational demands.
Top countries in Government Expenditures on Tertiary Education by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38,900 | 2023 | +1.39% | +1.19% | View data |
| 2 | 2 Australia | 31,570 | 2023 | +1.89% | +1.61% | View data |
| 3 | 3 Japan | 25,950 | 2023 | -0.14% | -0.3% | View data |
| 4 | 4 France | 22,130 | 2023 | +1.81% | +2.25% | View data |
| 5 | 5 United Kingdom | 20,610 | 2023 | +0.77% | +0.49% | View data |
| 6 | 6 Poland | 16,870 | 2023 | +1.75% | +2.71% | View data |
| 7 | 7 Netherlands | 14,120 | 2023 | +1.66% | +1.72% | View data |
| 8 | 8 Spain | 11,210 | 2023 | +0.76% | +1.22% | View data |
| 9 | 9 Switzerland | 8,420 | 2023 | +2.05% | +2.38% | View data |
| 10 | 10 Italy | 8,280 | 2023 | +0.42% | +1.15% | View data |
