Economy & Politics

OECD ranking These countries spend the most on education

Do states spend enough on education? The members of the Organization for Economic Cooperation and Development (OECD) finance educational institutions on average with just under five percent of their gross domestic product (GDP), as the organization announced in its report “Education at a Glance 2020”. However, the gap between the member states is very large.

The OECD divided government education expenditure into two main blocks: primary level (elementary school) and secondary level (elementary school, middle education, upper secondary level / vocational schools / further education schools) and tertiary education (universities, technical schools). Schools accounted for the majority, 3.5 percent of GDP (71 percent of total expenditure on education). 1.4 percent of GDP (29 percent) was left for universities.

Education spending in the OECD

“Funds from private sources play a crucial role in financing tertiary education,” explained the OECD. “After all, after transfer payments from the public to the private sector, around a third of the expenditure on educational institutions is covered on average.” In schools, the share of educational expenditure from private sources falls to a tenth.

The last current figures were available to the OECD for 2017. There were no data for Switzerland, Greece and Costa Rica.

These OECD countries spend the most on education:

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