The latest data for 2023 reveals that Australia leads in global government expenditures on tertiary education, with expenditures at 38.67. Finland and Denmark follow, with expenditures of 30.21 and 26.63, respectively. Italy, at the lower end, has expenditures of just 7.61. The year-on-year variations are nil, indicating stagnant spending patterns in recent years. The average compound annual growth rate over the last five years remains unremarkable, showcasing limited fiscal dynamism in educational investments.
Future trends highlight a potential shift towards increased government spending in regions with developing higher education systems. Monitoring changes in policy priorities and potential budget reallocations will be key indicators of where countries may aim to enhance tertiary educational funding in the years ahead.
Top countries in Government Expenditures on Tertiary Education by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Australia | 38.67 | 2023 | View data |
| 2 | 2 Finland | 30.21 | 2023 | View data |
| 3 | 3 Denmark | 26.63 | 2023 | View data |
| 4 | 4 Netherlands | 26.48 | 2023 | View data |
| 5 | 5 Poland | 23.91 | 2023 | View data |
| 6 | 6 Greece | 23.39 | 2023 | View data |
| 7 | 7 Switzerland | 22.94 | 2023 | View data |
| 8 | 8 Norway | 22.75 | 2023 | View data |
| 9 | 9 Romania | 20.58 | 2023 | View data |
| 10 | 10 Israel | 18.8 | 2023 | View data |
