Out of the OECD countries, Luxembourg was the country that spent the most on educational institutions per full-time student in 2020. On average, 23,000 U.S dollars were spent on primary education, nearly 27,000 U.S dollars on secondary education, and around 53,000 U.S dollars on tertiary education. The United States followed behind, with Norway in third. Meanwhile, the lowest spending was in Mexico.

In 2021, Luxembourg was the OECD country that spent the highest amount on higher education per student, reaching roughly 35,000 U.S. dollars. This was even though it was the country that spent the lowest amount in terms of share of gross domestic product. The United States followed behind, with the United Kingdom in third. On the other hand, Mexico was the OECD country in which the lowest amount was spent per full-time student in higher education.

The average for 2021 based on 44 countries was 4.56 percent. The highest value was in Kiribati: 14.2 percent and the lowest value was in Nigeria: 0.38 percent. The indicator is available from 1970 to 2023. Below is a chart for all countries where data are available.

This statistic shows the expenditure of different countries on primary school education per student in Purchasing Power Parity (PPP) U.S. dollars. In the USA, about 10.600 U.S. dollars is spent each year per primary school student.

World education spending for 2022 was 13.83%, a 1.05% increase from 2021.

<ul style='margin-top:20px;'>

<li>World education spending for 2021 was <strong>12.78%</strong>, a <strong>0.07% decline</strong> from 2020.</li>
<li>World education spending for 2020 was <strong>12.85%</strong>, a <strong>0.98% decline</strong> from 2019.</li>
<li>World education spending for 2019 was <strong>13.83%</strong>, a <strong>0.66% decline</strong> from 2018.</li>
</ul>General government expenditure on education (current, capital, and transfers) is expressed as a percentage of total general government expenditure on all sectors (including health, education, social services, etc.). It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.

Global Primary Education Expenditure by Country, 2023 Discover more data with ReportLinker!

The average for 2022 based on 113 countries was 13.94 percent. The highest value was in Sierra Leone: 29.37 percent and the lowest value was in Nigeria: 4.3 percent. The indicator is available from 1972 to 2023. Below is a chart for all countries where data are available.

In 2022, New York spent around ****** U.S. dollars per pupil on public elementary and secondary schools - the most out of any state. The District of Columbia, Vermont, New Jersey, and Massachusetts rounded out the top five states for elementary and secondary school expenditure per pupil.

The average for 2021 based on 35 countries was 3.9 percent. The highest value was in Kuwait: 7.76 percent and the lowest value was in Indonesia: 1.03 percent. The indicator is available from 1970 to 2023. Below is a chart for all countries where data are available.

Nepal NP: Government Expenditure per Student: Tertiary: % of(GDP) Gross Domestic Productper Capita data was reported at 25.435 % in 2015. This records a decrease from the previous number of 27.810 % for 2014. Nepal NP: Government Expenditure per Student: Tertiary: % of(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 47.107 % from Dec 2000 (Median) to 2015, with 11 observations. The data reached an all-time high of 138.253 % in 2000 and a record low of 22.839 % in 2013. Nepal NP: Government Expenditure per Student: Tertiary: % of(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nepal – Table NP.World Bank.WDI: Education Statistics. Government expenditure per student is the average general government expenditure (current, capital, and transfers) per student in the given level of education, expressed as a percentage of GDP per capita.; ; United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics.; Median;

Historical chart and dataset showing U.S. education spending by year from 1972 to 2020.

Israel IL: Government Expenditure per Student: Tertiary: % of(GDP) Gross Domestic Productper Capita data was reported at 19.084 % in 2014. This records a decrease from the previous number of 20.080 % for 2013. Israel IL: Government Expenditure per Student: Tertiary: % of(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 21.246 % from Dec 1998 (Median) to 2014, with 17 observations. The data reached an all-time high of 30.849 % in 1998 and a record low of 19.084 % in 2014. Israel IL: Government Expenditure per Student: Tertiary: % of(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank: Education Statistics. Government expenditure per student is the average general government expenditure (current, capital, and transfers) per student in the given level of education, expressed as a percentage of GDP per capita.; ; United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics.; Median;

Guinea education spending for 2023 was 10.03%, a 1.92% decline from 2022.

<ul style='margin-top:20px;'>

<li>Guinea education spending for 2022 was <strong>11.95%</strong>, a <strong>0.45% increase</strong> from 2021.</li>
<li>Guinea education spending for 2021 was <strong>11.50%</strong>, a <strong>2.79% decline</strong> from 2020.</li>
<li>Guinea education spending for 2020 was <strong>14.29%</strong>, a <strong>1.88% increase</strong> from 2019.</li>
</ul>General government expenditure on education (current, capital, and transfers) is expressed as a percentage of total general government expenditure on all sectors (including health, education, social services, etc.). It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.

In 2021, Chile was the country that spent the highest share of its gross domestic product (GDP) on higher education, reaching 2.4 percent. Of this, 1.5 percent came from private sources. The United States followed behind with its total spending reaching 2.4 percent of its GDP. On the other hand, higher education spending in Saudi Arabia only amounted to 0.3 percent of its GDP. To find out more about the expenditure on higher education per student in selected countries worldwide, please click here.

Denmark DK: Government Expenditure per Student: Secondary: % of(GDP) Gross Domestic Productper Capita data was reported at 31.123 % in 2014. This records an increase from the previous number of 27.845 % for 2013. Denmark DK: Government Expenditure per Student: Secondary: % of(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 33.530 % from Dec 1998 (Median) to 2014, with 17 observations. The data reached an all-time high of 37.265 % in 1999 and a record low of 27.845 % in 2013. Denmark DK: Government Expenditure per Student: Secondary: % of(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Denmark – Table DK.World Bank: Education Statistics. Government expenditure per student is the average general government expenditure (current, capital, and transfers) per student in the given level of education, expressed as a percentage of GDP per capita.; ; United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics.; Median;

Ecuador education spending for 2022 was 9.27%, a 0.49% decline from 2021.

<ul style='margin-top:20px;'>

<li>Ecuador education spending for 2021 was <strong>9.76%</strong>, a <strong>0.83% decline</strong> from 2020.</li>
<li>Ecuador education spending for 2020 was <strong>10.59%</strong>, a <strong>0.09% decline</strong> from 2019.</li>
<li>Ecuador education spending for 2019 was <strong>10.67%</strong>, a <strong>3.87% decline</strong> from 2018.</li>
</ul>General government expenditure on education (current, capital, and transfers) is expressed as a percentage of total general government expenditure on all sectors (including health, education, social services, etc.). It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.

Laos LA: Government Expenditure per Student: Tertiary: % of(GDP) Gross Domestic Productper Capita data was reported at 20.150 % in 2014. This records a decrease from the previous number of 21.524 % for 2013. Laos LA: Government Expenditure per Student: Tertiary: % of(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 21.195 % from Dec 1997 (Median) to 2014, with 10 observations. The data reached an all-time high of 110.244 % in 2001 and a record low of 14.553 % in 2012. Laos LA: Government Expenditure per Student: Tertiary: % of(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Laos – Table LA.World Bank.WDI: Education Statistics. Government expenditure per student is the average general government expenditure (current, capital, and transfers) per student in the given level of education, expressed as a percentage of GDP per capita.; ; United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics.; Median;

Competency-based Education Spending Market Outlook

The global competency-based education spending market size was valued at approximately USD 12 billion in 2023 and is expected to reach nearly USD 22 billion by 2032, growing at a compound annual growth rate (CAGR) of around 7% during the forecast period. This robust growth is primarily driven by the increasing demand for personalized education approaches and the need to align educational outcomes with real-world competencies. The market is witnessing a paradigm shift in learning methodologies, with a significant focus on skills and competencies rather than traditional grading systems. The growing acknowledgment of the gaps in traditional education systems, which often leave students unprepared for the workforce, has fueled the adoption of competency-based education models. This approach emphasizes mastering skills at one's own pace, thus catering to diverse learning needs and ensuring better educational outcomes.

Several growth factors contribute to the burgeoning competency-based education spending market. One of the primary drivers is the technological advancement that facilitates the development and deployment of competency-based learning tools and platforms. With the advent of sophisticated educational technologies such as artificial intelligence and machine learning, educational institutions can now offer personalized learning experiences that adapt to the individual needs of students. Additionally, there is an increasing recognition among policymakers and educators of the shortcomings of traditional education systems that focus on time-bound learning rather than skill acquisition. Competency-based education models address this gap by allowing students to progress upon mastering specific skills, thereby ensuring that learning is more relevant and applicable to real-world scenarios. Furthermore, the proliferation of online learning platforms and digital content has enabled wider access to competency-based education, thereby driving its market growth.

Another crucial factor contributing to the market growth is the increasing involvement of governmental and non-governmental organizations in promoting competency-based education systems. Many countries are revising their educational policies to integrate competency-based models, recognizing the need to produce graduates who are equipped with the necessary skills to thrive in a rapidly changing job market. In addition, various international bodies are advocating for educational reforms that focus on skill development and lifelong learning. Such initiatives are pivotal in driving the adoption and expansion of competency-based education programs globally. Moreover, corporations are increasingly investing in competency-based training programs to ensure that their workforce is equipped with the requisite skills to remain competitive in the global economy. This trend has further stimulated demand for competency-based education, particularly in the corporate training segment.

The regional outlook for the competency-based education spending market indicates a diverse growth pattern across various regions. North America holds a significant share of the market, primarily due to the early adoption of innovative educational technologies and a strong emphasis on educational quality and outcomes. The region's well-established education infrastructure and the presence of numerous leading ed-tech companies foster the growth of competency-based education models. Europe also showcases substantial market potential, with countries like the UK and Germany spearheading educational reforms aimed at incorporating competency-based frameworks. Meanwhile, Asia Pacific is anticipated to exhibit the highest growth rate, with countries like India and China making significant investments in modernizing their education systems to meet the demands of a skilled workforce. Additionally, the increasing penetration of internet connectivity and mobile devices in this region further supports the widespread adoption of competency-based education programs.

Component Analysis

The competency-based education spending market can be broadly segmented into software and services. The software segment encompasses a wide array of technological solutions designed to facilitate competency-based learning. These solutions include learning management systems (LMS), educational content management systems, and adaptive learning platforms. The demand for such software is experiencing a surge due to the need for scalable and efficient educational delivery mechanisms. Educational institutions are increasingly investing in robust software solutions that can streamline the process of tracking stud

Venezuela VE: Government Expenditure per Student: Primary: % of(GDP) Gross Domestic Productper Capita data was reported at 0.019 % in 2015. This records a decrease from the previous number of 17.908 % for 2009. Venezuela VE: Government Expenditure per Student: Primary: % of(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 8.555 % from Dec 2006 (Median) to 2015, with 4 observations. The data reached an all-time high of 17.908 % in 2009 and a record low of 0.019 % in 2015. Venezuela VE: Government Expenditure per Student: Primary: % of(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Education Statistics. Government expenditure per student is the average general government expenditure (current, capital, and transfers) per student in the given level of education, expressed as a percentage of GDP per capita.; ; United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics.; Median;

The average for 2021 based on 57 countries was 4.7 percent. The highest value was in Iceland: 8.22 percent and the lowest value was in Monaco: 1.42 percent. The indicator is available from 1970 to 2023. Below is a chart for all countries where data are available.