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The world spends an average of 4% of GDP on education

According to the World Bank, public spending on education worldwide amounted to 12.6% of all public spending in 2020, compared to 13.5% in 2015 and 14.3% in 2010. The share of public spending on education in GDP also dropped: in 2015, the figure was 4.4%, in 2020 - 4.3%, according to Ranking.kz.
The world spends an average of 4% of GDP on education

In terms of income level, the most investments were in the education of population of high-income countries: expenditures in such states amounted to 5.2% of GDP. The figure was 4.1% of GDP in upper-middle and middle-income countries, in lower middle-income countries it was 3.9%, and in low-income countries it was only 3%. As for the share of education in the structure of public spending, the index was 11.2% in high-income countries, 15.2% in upper middle income, 14.6% in middle income, 14.3% in lower middle income, 13.3% in low income.

In terms of regions, the largest share of public spending on education in GDP was recorded in the countries of South Africa (6.2%), the smallest - in South Asia (2.9%). The difference is 3.3 percentage points. In North America, as well as in Central Europe and the Baltics, where education is considered one of the best in the world, countries spent 5.6% and 5.1% of GDP on education, respectively.

In terms of gender, the level of literacy among men is higher than among women (let us remind that education in some countries is generally not available to girls and women): 90.2% versus 83.5%. The difference is 6.7 percentage points, however, every year the gap is decreasing. Thus, in 2000 the difference was 10.6 percentage points, in 2005 - 10.1 percentage points, in 2010 -m — 8.4 p.p., in 2015 — 7.6 p.p.

Source: https://ranking.kz/reviews/regions/v-mire-na-obrazovanie-tratyat-v-srednem-4-ot-vvp.html

Photos are from open sources.

 

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