Countries by Education Spending as % of GDP 2024

About This Dataset

Countries ranked by public expenditure on education as a percentage of GDP in 2024. Small island nations and Nordic countries tend to top education spending rankings. Higher education investment is strongly correlated with long-term economic productivity and human development outcomes.

✨ AI Insight

Micronesia's education spending stands out significantly at 9.7%, creating a notable gap from the second-place Cuba, which allocates 8.6% of its GDP to education. This disparity highlights how smaller nations may prioritize education as a key driver for development. The Nordic countries, known for their robust welfare systems, also show strong investment, with Iceland at 7.7% and Norway at 7.4%. This trend suggests that nations with higher education spending tend to correlate with better human development outcomes. However, countries like the United Kingdom, spending only 5.8%, may face challenges in maintaining competitive educational standards compared to their higher-investing counterparts.

Source: Wikipedia

Key Findings

Auto-computed highlights from this dataset

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Micronesia leads with 10 in 2024.

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Average value in 2024: 7 · median: 7.

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Gap in 2024: Micronesia is 1.7× larger than United Kingdom.