Adjusted savings: education expenditure in Barbados
Barbados: Adjusted savings: education expenditure was 6.4% in 2021. ▼ Falling
Adjusted savings: education expenditure in Barbados, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: education expenditure in Barbados is 6.4%, measured in 2021.
The figure is up 110.0% on the previous year and up 14.1% over ten years.
Over the whole period, adjusted savings: education expenditure in Barbados peaked at 6.8% in 1992 and was at its lowest, 3.0%, in 2020.
Barbados ranks 25th of 200 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 52 years of available data.
Adjusted savings: education expenditure in Barbados, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 5.5% | — |
| 1971 | 5.3% | -3.1% |
| 1972 | 5.7% | +7.5% |
| 1973 | 5.6% | -1.8% |
| 1974 | 5.8% | +3.6% |
| 1975 | 5.2% | -10.0% |
| 1976 | 5.2% | -0.3% |
| 1977 | 5.3% | +1.9% |
| 1978 | 6.0% | +13.2% |
| 1979 | 5.3% | -11.9% |
| 1980 | 5.4% | +1.2% |
| 1981 | 5.3% | -0.9% |
| 1982 | 5.1% | -3.8% |
| 1983 | 4.9% | -3.9% |
| 1984 | 5.2% | +6.1% |
| 1985 | 5.3% | +1.9% |
| 1986 | 5.9% | +10.9% |
| 1987 | 5.9% | +0.0% |
| 1988 | 5.9% | +0.0% |
| 1989 | 5.9% | +0.0% |
| 1990 | 6.4% | +8.4% |
| 1991 | 5.5% | -13.7% |
| 1992 | 6.8% | +22.8% |
| 1993 | 6.8% | +0.0% |
| 1994 | 6.8% | +0.0% |
| 1995 | 6.8% | +0.0% |
| 1996 | 6.8% | +0.0% |
| 1997 | 6.8% | +0.0% |
| 1998 | 4.9% | -28.2% |
| 1999 | 4.0% | -17.8% |
| 2000 | 4.3% | +9.0% |
| 2001 | 5.2% | +20.5% |
| 2002 | 5.4% | +2.9% |
| 2003 | 5.7% | +6.1% |
| 2004 | 5.6% | -1.4% |
| 2005 | 5.5% | -1.6% |
| 2006 | 5.4% | -3.1% |
| 2007 | 5.2% | -3.2% |
| 2008 | 5.0% | -3.6% |
| 2009 | 5.6% | +11.6% |
| 2010 | 5.8% | +3.2% |
| 2011 | 5.6% | -3.4% |
| 2012 | 5.4% | -3.5% |
| 2013 | 5.8% | +7.3% |
| 2014 | 6.2% | +6.8% |
| 2015 | 5.5% | -11.8% |
| 2016 | 4.7% | -13.3% |
| 2017 | 4.4% | -7.6% |
| 2018 | 3.8% | -13.0% |
| 2019 | 3.2% | -14.9% |
| 2020 | 3.0% | -6.2% |
| 2021 | 6.4% | +110.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.5% | 5.2% | 6.0% | 10 |
| 1980s | 5.5% | 4.9% | 5.9% | 10 |
| 1990s | 6.1% | 4.0% | 6.8% | 10 |
| 2000s | 5.3% | 4.3% | 5.7% | 10 |
| 2010s | 5.0% | 3.2% | 6.2% | 10 |
| 2020s | 4.7% | 3.0% | 6.4% | 2 |
Countries ranked near Barbados
More economy & growth data for Barbados
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- Agriculture, forestry, and fishing, value added (current LCU), annual -1.03 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0311 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 836.37 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0122 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 327.59 constant 2015 US$ per person (2024)
- Agriculture, forestry, and fishing, value added (constant LCU) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0301 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is adjusted savings: education expenditure in Barbados?
- Adjusted savings: education expenditure in Barbados was 6.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Barbados?
- The highest recorded value was 6.8% in 1992.
- What is the lowest adjusted savings: education expenditure recorded in Barbados?
- The lowest recorded value was 3.0% in 2020.
- How does Barbados rank for adjusted savings: education expenditure?
- Barbados ranks 25th out of 200 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Barbados?
- Over the last ten years it is up 14.1%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.