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Education Speanding by Country 2024

In today’s world, an educated society is a society that’s well-positioned to grow and succeed in numerous ways, both domestically and on a global scale. That said, education is considered a vital part of ongoing human progress, making it necessary for every nation to invest in the education of its people to the greatest extent possible.

However, some countries definitely allocate a larger portion of their resources to education than others. Here’s a look at some of the countries worldwide that invest the most in education, as well as some general factors that can influence spending in one direction or another.

Countries That Spend the Most on Education Worldwide

The following are some of the countries that invest the most in their educational systems:

Country
% of GDP per Year
Marshall Islands13.6%
Solomon Islands12.8%
Bolivia9.8%
Namibia9.6%
Sierra Leone9.1%
Botswana8.7%
Lesotho8.7%
Belize8.7%
Saudi Arabia7.8%
Iceland7.7%

Additional countries with relatively high rates of investment in education include Algeria, Morocco, South Africa, the United States, the United Kingdom, France, Ukraine, Poland, and Canada.

Factors That Can Impact National Education Spending

Although each nation will have its own unique collection of reasons for the amount it spends on education, general factors like the following are common examples that can impact the overall level of investment.

Cultural Values

Some cultures place a much higher social value on a robust education and its benefits than others. In countries where the people consider education a top priority, government decisions may trend in the same direction.

Ongoing Challenges

Significant global challenges – such as climate change and ongoing globalization, to name just a couple – can affect education spending in a couple of ways. Countries with limited budgets may need to redirect funds away from education toward other concerns. Meanwhile, wealthier countries may double down on education and research as an alternative way to address emerging challenges.

Economic Well-Being

Generally speaking, wealthier nations with larger budgets both value education more and spend more available funds on it. Ongoing income equality can contribute to this factor, as countries with work to do in this arena may need to spend more to address disparities in the system.

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Country
% of GDP per Year
$ per Student 2019
$ per Student 2010
Marshall Islands13.6%
Solomon Islands12.8%
Bolivia9.8%
Namibia9.6%
Sierra Leone9.1%
Botswana8.7%
Lesotho8.7%
Belize8.7%
Saudi Arabia7.8%
Iceland7.7%$15,200$11,400
Cape Verde7.6%
Curacao7.4%
Sweden7.2%$13,800$12,800
Israel7.1%$9,800$6,900
Nauru7.1%
Algeria7%
Bhutan7%
Morocco6.8%
Belgium6.7%$14,400$14,300
Costa Rica6.7%
South Africa6.6%
Kuwait6.6%
Estonia6.6%$9,300$8,400
Tonga6.6%
Barbados6.5%
Honduras6.4%
Denmark6.4%$13,200$15,500
Moldova6.4%
Mozambique6.3%
Macau6.3%
Kyrgyzstan6.2%
United States6.1%$15,500$14,600
Australia6.1%$14,100$13,300
Cyprus6.1%
New Zealand6%$8,600$8,200
Jamaica6%
Latvia6%$7,700$6,200
Tajikistan5.9%
Finland5.9%$12,000$11,700
Norway5.9%$18,000$16,800
Malta5.9%
Slovenia5.8%$10,000$11,400
Maldives5.8%
Fiji5.7%
United Kingdom5.5%$13,300$12,000
France5.5%$12,200$12,200
Burkina Faso5.5%
Senegal5.5%
Croatia5.5%
Dominica5.5%
Ukraine5.4%
Netherlands5.3%$13,600$12,800
Poland5.2%$9,000$6,900
Canada5.2%$12,800$12,300
Switzerland5.2%
Seychelles5.2%
Czech Republic5.1%$10,700$7,700
Austria5.1%$15,900
Argentina5%
Burundi5%
Portugal5%$10,400
Eswatini5%
Luxembourg5%$25,600
Suriname5%
Sao Tome and Principe5%
Colombia4.9%$4,000
Uzbekistan4.9%
Mauritius4.9%
Kenya4.8%
Hungary4.8%$8,300
Samoa4.8%
Germany4.7%$13,700$12,300
Belarus4.7%
Mongolia4.7%
Spain4.6%$9,800$10,600
Dominican Republic4.6%
Nicaragua4.6%
Slovakia4.6%$7,800$5,600
Uruguay4.6%
India4.5%
Turks and Caicos Islands4.5%
Mali4.4%
Kazakhstan4.4%
Greece4.4%$7,100
Republic of the Congo4.4%
Italy4.3%$10,900$11,000
Azerbaijan4.3%
Nepal4.2%
Timor Leste4.2%
Vietnam4.1%
El Salvador4.1%
Trinidad and Tobago4.1%
Peru4%
Togo4%
Hong Kong4%
Bulgaria4%
Malaysia3.9%
United Arab Emirates3.9%
Panama3.9%
Niger3.8%
Rwanda3.8%
Antigua and Barbuda3.8%
Russia3.7%
Philippines3.7%
Zambia3.7%
Romania3.7%
Ecuador3.7%
China3.6%
Iran3.6%
Georgia3.6%
Puerto Rico3.6%
Saint Lucia3.6%
Indonesia3.5%
Japan3.4%$10,700$9,900
Turkey3.4%$4,800
Ivory Coast3.4%
San Marino3.4%
Tanzania3.3%
Paraguay3.3%
Cameroon3.2%
Jordan3.2%
Qatar3.2%
Gabon3.2%
Thailand3.1%
Madagascar3.1%
Guatemala3.1%
Cambodia3.1%
Ireland3.1%$9,800$12,500
Albania3.1%
Benin3%
Afghanistan2.9%
Malawi2.9%
Chad2.9%
Andorra2.9%
Singapore2.8%
Gambia2.8%
Armenia2.8%
Bahamas2.8%
DR Congo2.7%
Uganda2.7%
Liberia2.7%
Guinea Bissau2.7%
British Virgin Islands2.6%
Egypt2.5%
Pakistan2.4%
Angola2.4%
Saint Kitts and Nevis2.4%
Laos2.3%
Guinea2.2%
Central African Republic2.2%
Bahrain2.2%
Vanuatu2.2%
Bangladesh2.1%
Mauritania1.9%
Bermuda1.9%
Lebanon1.7%
Haiti1.4%
Papua New Guinea1.4%
Mexico0%$3,000$3,000
South Korea0%$15,900
Chile0%$6,500$4,300
Lithuania0%$7,500$6,000
showing: 162 rows

Which country spends most on education?

The United States, which is the country to spend the most on education each year, contributes roughly 6.5% of its overall GDP to education annually.

Frequently Asked Questions

Sources