How much do countries spend on education?
In 2020 the world spent about $5 trillion, 4.33 percent of global gross domestic product (GDP), on education. To put that into perspective, the world spent about $9 trillion on healthcare and nearly $2 trillion on its militaries that same year.
According to UNESCO, high-income countries spent nearly double the amount on education as low-income countries in 2020.
In 2020, the United States spent about 6.05 percent of its GDP on education while in South America, Bolivia led the region at 9.84 percent.
In Africa, Namibia allocated the most significant proportion, dedicating 9.64 percent of its GDP to education. While in Asia, Saudi Arabia was the top spender at 7.81 percent. In Europe, Greenland led the way by allocating a substantial 10.5 percent of its GDP to education, nearly double the European Union’s average of 5.13 percent.
The map below shows the total general government expenditure on education at all levels of government and all levels of education, as a share of GDP.
Source
https://www.aljazeera.com/news/2023/9/8/back-to-school-which-countries-spend-the-most-on-education-2

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